Eggs and bread for my retail shop

Gift

Budenge, Kenya

100% repaid

Entrepreneur

Name

Gift

Member since

July 2016

On-time repayments

69 installments  •  86%

About Me

I am 37 old kenyan from busia county,Samia sub county,Nanguba location,Bujwanga sub location,Budenge village. I am a third born in a seven children family.I went to Namasali primary school. St Paul's Amukura high school, and then Makerere university where i studied Mass communication.I am currently working as afield officer at Innovations for poverty action as afield officer.due to life challanges i decided to start a retail shop to increase my income.

My Business

i run a retail shop just next to where i stay. it is doing well,thanks to the availability of customers.i sell mainly foodstuff including bread,sugar,milk,salt and other foodstuffs .in a month i get revenue of 3000 dollars and a profit 500 dollars.i really love my shop and sometimes when i am free i spend sometime serving my customers.most of the time my business is attended to by my spouse and i feel this gives her employment something that is very rare to find in my locality.

Loan Proposal

I plan to use the loan to purchase extra stock for my business. I plan to buy one extra crate of eggs for my shop at a wholesale price of 1.5 Dollars and resale at 2.5 dollars.This will give an extra 1 Dollar for my business for every two days.This totals to approximately 3 Dollars profit per week. I will also buy 3 loaves of bread at a wholesale price of 1.5 Dollars and resale at 2 dollars hence making an extra 2 Dollars per week.This will help grow my retail shop

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.00

Date disbursed

Jun 3, 2017

Repayment status

On Time

Projected term

7 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

Kevin

United States

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