Buy two crates of soft drinks

Annastacia

Wote, Kenya

100% repaid

Entrepreneur

Name

Annastacia

Member since

August 2017

On-time repayments

16 installments  •  88%

About Me

I am Annastacia Mbovi Mutisya. Went to Primary and Secondary In the nearby villages and excelled well. I could not continue with studies because of my parents were poverty stricken. Am gland I have worked in various places and helped my parents. I later had a dream to begin my business where have started in various towns and closed due to lack of fund. Finally have come accross a new area in Mumbuni and my business is growing exponentially. I am now here to look for finance to boost my business retail shop stock. I have a girl in school and I support her education while she is being brought up by my aged parents as I also support them . My hobby is travelling . My daughter would like to be a nurse when she grows up

My Business

I have a shop where I sell fast moving house hold goods such as milk, rice, maize flours, sugar ,candy and plenty of vegetables for daily consumptions. Its high time everyone demands this goods on daily basis regardless of whether they are farmers or not. Many of the residents of this are are cash crop growers concentrating on mangoes and oranges for export and hence require to buy their stable food on daily basis after the sale of the cash crop which is annually on seasonal basis. The area is also categorised of many youth with consumption of luxury non basic needs goods such as cigarettes and other such kind of goods. I supply to them all the goods legally authorised in Kenya. I also buy roasted peanuts for sale to the youths as part of the fast moving goods.My typical profit in a month is approximately Kes 10,000 where I use Kes 2,000 to pay rent , Kes 5,000 to support my parents and daughter education and the rest for my consumption and house rent and the remainder to boost my existing business. I have recently ventured in Charcoal retailing business and is giving me good returns

Loan Proposal

I intend to buy two crates of coca cola soft drinks for reselling . A crate of soda cost Ksh 570 and I will top up the extra amount from my daily stock savings. This will anable me serve my customers well as I look forward buying bottles and empty crates to expand my retail shop. The whether is hot here as we approach rain season. Drinking Soda is On high demand right now because of the high temperatures . I also intend to pay deposit of a loan coca cola fridge which is Ksh 10,000. A bottle of Soda is sold at Ksh 30 and hence 24 bottles gives me 720. Two crates Ksh 1440. A profit of Ksh 400. I will use my profits to pay my child's examination fees.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$8.00

Date disbursed

Oct 8, 2017

Repayment status

On Time

Projected term

4 weeks

Lenders

Kevin

United States

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