Expanding my home supplies shop

Benson Njoroge

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Benson Njoroge

Member since

May 2015

On-time repayments

246 installments  •  72%

About Me

My story in childhood is that i was able to join kim's kindergarten which was just opposite our home later i joined mirangine primary school. after that i joined mikeu secondary school and the grade that i got could not help me to join university. i started hustling up and down looking for better life.through all this process i meet many difficulties that i almost loosed hope and i had to go back home and started small scale farming and little by little i found that i could make it. that season i had planted maize and it did well that i was able to get 309$ which i moved with them to start a shop in nakuru-langa langa.

My Business

My business is currently doing good cause the products that i deals with have to be consumed each and everyday. my shop deals with home basic needs that is; sugar, bar soaps, cooking fat, all types of detergent,flour, soft drinks but though its small i hope to expand it in future.
the cost of my business are;
rent=82$
license per year is 123$
all product cost is 500$
my daily need 3$ my monthly income is 144$
total profit 59$

Loan Proposal

Hi lenders, my plan with the loan is to bring in new brands and add to the existing one and by that i will be able to capture more customers in my business. my aim is to buy 10kilograms of rice costing 14$, i will also buy 15kilograms of maize four costing 18$, 10litres of cooking oil costing 12$. this will help me win more customers leading to more profit and customer will be able to get service according to their needs. my profit increment expectation is 10 per cent and above which will help me pay my loan and saving for the rain seasons.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$199.04

Date disbursed

Nov 18, 2015

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Service fee: $8.26

Benson opted to pay $112.11 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

PG

Paul Graham

United States

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