Buy bottled water in bulk and resell as a retailer

Kennedy Karuoya

Thika, Kenya

100% repaid

Entrepreneur

Name

Kennedy Karuoya

Member since

December 2018

On-time repayments

4 installments  •  50%

About Me

I am 35 years old with a passion for improving the environment and helping other to profit from the same. I am college educated in Sociology, but entrepreneurship gives me more fire in the belly. This has led me to different areas of livelihood and every experience has added value to what I intend to stick to now, which is making coal briquettes from repurposed organic waste.

My Business

I make coal briquettes from common waste products. Charcoal, waste paper, macadamia shells, dried leaves and vegetable material, waste vegetable cooking oil and any other applicable material serves as raw material.
I then sell these briquettes to the local homes and businesses. I also get orders from established entities in nearby towns and shopping centres.

Loan Proposal

Add stock to my business.
Currently I buy packed water in bulk pallets at wholesale prices. After sales as a retailer, I manage to turn a profit of up to 80% depending on the market and time range. Maximum time spent to resell has been 7 days.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Jan 9, 2019

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $0.04

Credit risk payment: $0.17

Lenders

C P

Mazatlan, Mexico

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