Buying more merchandise goods for sale
Erastus
Mwiki Estate, Kasarani Nairobi, Kenya
2% repaid
Entrepreneur
Name
Erastus
Member since
April 2013
On-time repayments
162 installments • 59%
About Me
I am married with four children of 14 years, 10 years, 7years and 4 years.. I did my primary education in the year 1992 and after that I was employed as a cowboy in the home village then I move to the capital city Nairobi for greener pasture in the year 2004 were I worked as a casual labor up to the year 2008 where I started a business of a small food Kiosk in Mwiki Shopping Center. Then I moved to business of providing transport services in Utawala shopping center and hawking house hold merchandise on wholesale.
My Business
I started a business of a small hotel in Mwiki shopping center in the year 2008 and the business was not doing well, In the year 2011 I started the business of selling household merchandise such us plastics ware, glassware, and many assorted goods to small shop in mwiki shopping center and Utawala and I also provide transport services of caring passenger using my motor bike where I make Ksh 15000 per month and Ksh shillings 10000 from the business of selling the assorted goods. This money I use to pay for my children school fees and some invested back to the business for expansion. The main challenge for this business is lack of enough capital to purchase more goods in bulk so that I may enjoy good trade discount thus make good profit and make goods available for my customer affordable. Zidisha fraternity I request you to assist me achieve my dream by funding my business for faster growth.
Loan Proposal
My business is doing well through your continues support, I wish to apply for another loan to upgrade my business to another level. I will use the loan to buy more products from distributors and sell them to my customer on wholesale prices. I will buy merchandise goods such as rice, sugar, sweets, detergents, cooking oil, plastics wares, packing materials, snacks, drinking water and many more products at a cost of Ksh 70,000. which after selling will give me a profit of 20% per month which will be enough revenue to pay back the loan and pay for my family needs and wants. your support will be highly appreciated
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Loan Info
Project Type
Classic Loan
Disbursed amount
$911.00
Date disbursed
May 25, 2016
Repayment status
Late
Projected term
11 months
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