Business expansion and payment of school fees

Grace

Nakuru, Kenya

100% repaid

Follow Grace

How it Works

Entrepreneur

Name

Grace

Member since

August 2015

On-time repayments

150 installments • 71%

About Me

I am single mother from a family of 6 siblings. I didn't manage to finish my 8_4_4 education system since I was the first born in our family and my parents didn't have enough money to take us all to school. I have worked in a flower farm in our home area in order to provide the essential needs to my siblings since my parents also work in the farm. Through all that, I have managed to save some money to start my own business of a small pub, but I don't have enough stock.

I have three kids. One is going to college and he would love to be a pilot and that's the reason I want to add stock for me to be able to take him to college. I love spending time with my kids and I would do anything for them to have a better life.

My Business

I sell soft drinks within our home area and I started this business because there was no else who had this business. The profit is commendable compared to other businesses in our area. The capital is high but the returns are enough to take care of my family and, with more stock, the revenue will be more and I will manage to take my kid to college.

Loan Proposal

I have successfully paid my 1st loan and i would like to apply for a 2nd one. i was able to pay my loan with out much difficult because of the festive season. The 2nd loan will be used to expand my business. i would like to add more seats and tables since have greatly improved. with this i will be able to create more employment. i will employ 2 more people to help me run my business. The loan will also be used to pay part of my sons school fees.
LOAN BUDGET
School fees - 80 dollars
10 SEATS@ 6 DOLLARS -60 DOLLARS
5 TABLES @ 10DOLLARS-50 DOLLARS
STOCK ADDITION -108DOLLARS

Show original English

About Me

I am single mother from a family of 6siblingsI ddnt manage to finish my 8_4_4 education system since I was the first born in our family andy parents didn't have enough money to take us all to school.I have worked in flower farm in,our home area in order to provide the essential needs to my siblings since MY parents also works in the farm through all that I have managed to save some Money to start MY own business of a s
Small pub but I dont have enough stock I have three kids one is going to college n he would love to be a pilot and thats the reason I want to add stock for me to be able to take him to college I love spending time with kids and I would do anything for them to have a better life.

My Business

I sell soft drinks within our home area and I started this business coz there was no else who had this business the profit is commendable compared to other business in our area's the capital is high but the returns are enough to take care of my family and with more stock the revenue Will be more and I will manage zto take my kid to college. My soft drinks business have been doing well which enabled me start a poultry farming, it also doing well apart from selling chicken eggs have been Soo much...I sell them to my customers like 20 trays per day...since the demand is very high I think to start suppling to my nearby villages...this businesses have made me save like 200 thousand...my aim of applying this loan is I want to buy a second hand vehicle which I will be using to supply eggs....it's worth 320 thousands...I trust in God everything will be okay..may God bless you all