Buying tomato in bulk for retail

Conslata Achieng

Siaya, Kenya

100% repaid

Entrepreneur

Name

Conslata Achieng

Member since

February 2015

On-time repayments

25 installments  •  44%

About Me

My name is conslata Achieng, I am the second born in a family of four. I went to sega primary school and sega township secondary school . I completed my o-level in 2012 and has not been able to join college. I am single with one kid aged 1 year.
My husband who was a driver had a bad accident in September last year and passed on leaving me with a s month old kid . I was so depressed ,to be a widow at tender age ,but had no otherwise. After the death of my husband I was the sole bread winner for my son and my nephew. I had to look for income to sustain them. i started my business of selling vegetables so that i could provide for my young family.I started with $30 loan from a friend ,the business has expanded and is worthy $200 today.
The unique culture in our traditional folk song and dance.
I am good dancer and singer ,I sing for my widows group band and it earns us income that we use to support ourselves with.

My Business

I sell tomatoes ,capsicum,onions,tulips,kale's and other vegetables depending on prices and availability of the products.
These goods are very important as people use the as vegetables or spices to add taste to various meals . Most families are used to this products and are always consuming them on daily basis.hence high demand.
In a month I spend $200 buying my products for resale. In a good month I make $150 in profits. I reinvest the money ,pay fees for my nephew and take care of my young family general expenses.

Loan Proposal

Dear lenders , I am requesting for $100 loan to help me buy tomatoes in wholesale for retail business. The loan will enable me buy in large quantities and therefore enjoy economies of scale. Tomatoes are scarse and demand is very high. Given the loan my revenues will increase significantly. Thank you in advance for your support and kindness.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.33

Date disbursed

Mar 11, 2015

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $3.80

Lenders

T

ToddK

Indianapolis, IN, USA, United States

ads68

Melbourne, Australia

P

pignolet

zurich, Switzerland

S

sanfransec

San Francisco, CA, United States

ThomasJosef

Berlin, Germany

jennysommer85

United States

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