Rice, cooking oil, and other provisions for my shop
Patricia
Wote, Kenya
100% repaid
Entrepreneur
Name
Patricia
Member since
March 2017
On-time repayments
144 installments • 68%
About Me
I have been brought up by good parents but a hard life. I worked hard in school to improve poverty. I ended up getting employed immediately after finishing high school as a shopkeeper. I went ahead to learn computer skills which I use currently. I used to work small casual jobs(cultivating crops for neighbors who had money) at the age of 10years. As I was working as a shopkeeper I gained accounting skills and customer relations since my boss was so strict. I raised enough money by 2015 and was able to start a small business in the same town. Since then, I attracted attention to customers. My husband supports me too, whom we have a girl joining kindergarten soon this month.
My Business
I plan to add low investment goods in my retail shop.I have a strategy to fully stock my retail shop with all goods on demand. Notice, some of the basic commodities in Kenya their prices were increased suddenly. As a result, people have opted for cheaper food one of them being chapatis hence the baking floor and the cooking fats are in high demand. Hence I need to buy enough cooking oils and floor bundles to cater for the extra demand and leave the maize floor. Hotel guys have placed orders on my stock hence I sell too much of my food stuff to them and collect the money in the evening. I will also add cereals which is specifically maize and beans because of their increasing demand. Get ready to lend me your money and I promise to pay back more than your expectations.
Loan Proposal
If you give me your money I will use all of it to buy stock for my retail shop. I will buy: *Two 50 kgs bags of rice at US$ 74
*One 50 kgs bags of sugar at US$ 80
* One 20 litres jerican of cooking oil at US$ 29.5
* Ten crates of coca cola drinking sodas 300 ml at US$ 58 at US$ 5.8 per crate
* Two dozens (a dozen here has 24 bottles) of coca cola plastic bottles soda 500 ml at US$ 23.2 at US$ 11.6 per dozen
*I will add two bundles of government subsidized maize flour at US$ 21 at US$ 10.5 per bundle since is on demand but has very little profit since its government regulated.
My profit/selling price
*A kg of rice is sold at US$0.8 hence 50 kgs give me US$ 40. So two 50 kgs bag give US$ 80.Profit is US$ 6.
*A kg of sugar is sold at US$ 2 hence 50 kgs give me US$ 100. Profit of US$ 20.
*A litre of salad cooking oil cost US$ 1.8 hence 20 litres gives me US$ 36. A profit of US$ 6.5
*A bottle of 300 ml drinking soda (soft drink) cost US$ 0.3. A crate with 24 bottles give me US $ 7.2 hence ten crates give me US$ 72. A profit of US$ 12.
* A 500 ml plastic bottle of soft drink cost US$ 0.7 hence a dozen pack of 24 bottles gives me US$ 16.8 and two dozens of 24 bottles each, give me US$ 33.6. A profit of US$ 10.4
*A 2 kg packet of maize floor is sold at US$ 0.9 hence a bundle gives US$ 10.8 and two bundles gives US$ 21.6. Get a profit of US$ 0.6.
My total profit is US$ 55.5. The good thing about the goods is can be sold in a weeks time or two. Hence in a month I can raise at least US$ 100.
I will use my profit to cater for my age stricken parents and also support church activities such as fund raising to buy musical instruments at our local church. I will also help my needy older sister who is poverty stricken despite of being married.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$279.00
Date disbursed
Jun 7, 2017
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
United States
Austria
France
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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