Buy more sugar and rice for sale

Samwel Mwita

Kegonga, Kenya

9% repaid

Entrepreneur

Name

Samwel Mwita

Member since

May 2017

On-time repayments

35 installments  •  49%

About Me

I was born and raised in Kuria in very hardship with my parents having to work on tobacco farms to get us food,clothes and pay fees for our education.
I learnt up to Form 2 and dropped out of school for lack of fees. I joined farming and managed to raise some capital to roast groundnuts for sale and I later started a small shop called a kiosk which I operate with the help of my wife.
I'm married with four children all of whom want to be teachers.
I do some farming and I like singing in the church.

My Business

I sell fast moving goods like sugar,salt,oil,tea ,soap etc. I chose this business because most people use them and they are abit cheap.
They are used in everyday life and in every home.
They not highly profitable but they sell quickly ,I get some good profit because for every KES 10000 used for new stock I get 1000/- more in two weeks.
The profits I get I buy more goods ,buy some food ,pay some fees for children and also some home materials.
The business helps me.

Loan Proposal

I want to buy 50 kg of both sugar and rice at USD 50 and 45 respectively, this will make me a profit of around USD 35 collectively. These will increase my stock and also improve me in the family.
With higher profits I can increase the supplies and also buy more stock .

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$96.00

Date disbursed

Nov 1, 2017

Repayment status

Late

Projected term

4 months

Lenders

L

Ladysmom

Dallas, United States

Michel Bavin

Antwerp Area, Belgium

PG

Paul Graham

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

M

Margaret

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Samwel Mwita a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...