Business expansion and buying of school uniforms
Stephen Munuvi
Utawala Mc Area Near Airways Hgh School Nairobi, Kenya
46% repaid
Entrepreneur
Name
Stephen Munuvi
Member since
February 2012
On-time repayments
132 installments • 43%
About Me
I am married with one child. I started my wholesale business in selling bread and fresh milk to shops in the Utawala area in January 2011. The business is doing well and I am able to support my family. I also have a dress making business, which is run by my wife, and a M-pesa business.
My Business
My wholesale business provides bread and milk to all the shop in Utawala, Mc and Airways Area. I make a profit of about Ksh700 per day. I use a bicycle to deliver my products to my customers and the main challenge is to transport these goods, since they are very heavy and bulk. I will need to buy a motor bike to make transport easier and deliver all my products on time.
Loan Proposal
Dear lender I call a pone you to fund my loan so that I may be able to Expand my business. I will use the loan to increase my milk and bread stock. Ksh 10000 will be invested on my milk business and ksh 10000 on my bread business and the balance will be used to invest on my shop where I sell all sort of merchandise goods and school Uniforms . My bread business is a very fast moving product and my milk brand has penetrated the market and its doing okay. If you invest on my business it will help me increase my sales by over 50%.
About Me
I am married with one child and do business of selling bread on whole sales in Utawala area. I started my business in the year 2011 January and the business is doing well and am able to support my family. I also supply fresh milk to shops on whole sale price. I also do dress making business which is run by my wife and also M-pesa business.
My Business
My business are of selling bread and milk on whole sale to all the shop in Utawala , Mc and Airways Area and I make about Ksh,1,000 profit per day. I use a Motor Bike to supply this products and the main challenge is to transport my goods to customer which are very heavy and bulk. I bought a motor bike to make transport easy and deliver all my product on time. I hope zidisha will help me expand my business further by buying more stock for my business
Loan Proposal
Dear lender I call a pone you to fund my loan so that I may be able to Expand my business. I will use the loan to increase my milk and bread stock. Ksh 10000 will be invested on my milk business and ksh 10000 on my bread business and the balance will be used to invest on my shop where I sell all sort of merchandise goods and school Uniforms . My bread business is a very fast moving product and my milk brand has penetrated the market and its doing okay. If you invest on my business it will help me increase my sales by over 50%.
Feedback
Positive
17
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$584.63
Date disbursed
Jan 8, 2016
Repayment status
Late
Projected term
14 months
Cost to entrepreneur
Service fee: $22.87
Stephen opted to pay
$78.24 into the Zidisha Members
Loan Fund in return for a
higher starting credit limit.
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