Buy loaves for my shop

Richard John

Maji Mazuri, Kenya

100% repaid

Entrepreneur

Name

Richard John

Member since

June 2018

On-time repayments

3 installments  •  100%

About Me

My Name is Ogol Richard .I am married with 6kids my background family is Avery sad one since all of my brothers and sisters never went to high school we all dropped school in primary due to lack of fees I therefore started working in peoples community farms for along time supporting my
parents since I was the first born I did this until I married and got capital to begin my own business .I began a general shop besides farming I also practice goose birds plus local poultry to supplement my income .my children are in primary 4of them and 2in high school this means I have to work hard to make sure I educate them to allow them meet their academic dreams

My Business

My business deals with house hold items from foods like sugar tealeaves all beverages soaps detergents flour of all types cooking oils cutlery kitchen utensils types of loaves types of packed milk different companies books for writing pens school stationery just basic ones perfumes cosmetics basics for women mostly like creams my total stock currently is 3000 dollars this us my current stock I will to increase this to am in I supermarket .my main customers are my community members I come from a rural place and my shop is the only shop around that is well stocked I have most of the house hold items my customers need in a day I make sales worth 50 dollars and make a profit of 20 dollars per day this is what I use for my daily maintanance and pay fees for my kids my main challenges is trans port problem since roads are muddy I buy my goods from Nakuru town weekly

Loan Proposal

I will buy a crate of loaves this will give 30 loaves to sell each loaf costs 0.3 dollars I will sell at 0.5dollars I normal sell 40
loaves in a day hence 30 loaves I will sell at 15 dollars a profit of 5dollars in a day that's owe some I will use the profit to pay for a debt from my supplier who gave me some goods on credit

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$10.00

Date disbursed

Jul 7, 2018

Repayment status

On Time

Projected term

2 weeks

Other loans

Lenders

Franmiguel

Perth, Australia

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