Expanding my provisions shop

Geoffrey Katumo

Mazeras, Kenya

100% repaid

Entrepreneur

Name

Geoffrey Katumo

Member since

September 2016

On-time repayments

77 installments  •  69%

About Me

I was born on 8/11/1987 in a village called muthingiini makueni county. I'm a first born of mr katumo katoa and mrs Alice katumo. I started my primary education in 1994 at Iiani primary school and completed in 2002. Then I started a small business selling groundnuts at my home village it was not doing very well. Then i went to mazeras town in kilifi county to find a job. I was employed as a shop keeper for two years. Then the shop got burned and left me jobless. I then started working in a farm for a year and got a capital to start my own kiosk and it has grown up to a shop now. People here like farming and selling coconuts. My child wants to be come a business man when he grow up. I like watching football.

My Business

I sell almost everything sold in a retail shop such as milk, bread, maize floor, sugar, washing soaps, tea leaves, blue band etc. They are in high demand because people cannot do without using these types of goods in their daily use. I choose this kind of business because they sell faster and have good profit. My typical cost for license is 5,000 KES per year electricity about 3,000 KES per month. I used the profit for home improvement and school fees for my son.

Loan Proposal

I will buy 2 gallons of cooking oil of 20 letters each at 24.65 per gallon, 1 bag of beans at $80. 45, 2 bags of rice at $17.65 each, 5 bags of wheat floor at $13.50 per bag and 20 bags of maize floor at $ 14.50 per bag. I expect to increase my profit by $ 10 per day. Thankyou.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$418.01

Date disbursed

Feb 8, 2017

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $17.66

Lenders

G

Goodwill

Oakland, United States

ibc123

Seattle, United States

Paul Buchheit

Mountain View, United States

E

Erich

Zurich, Switzerland

M

mmartin

United States

Cameron Graham

Nashville, TN, United States

PG

Paul Graham

United States

kt

Brush Prairie, United States

DK

Danny Kelly

United States

C P

Mazatlan, Mexico

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

JF

J Fister

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Geoffrey a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...