Extending my shop to be a self-service supermarket

Joshua Mudianga Aoro

Kondele Village,kisumu, Kenya

20% repaid

Entrepreneur

Name

Joshua Mudianga Aoro

Member since

February 2014

On-time repayments

95 installments  •  18%

About Me

Hi everyone. I’m Joshua Mudianga Aoro.I was born in 04\04\1994.I am a resident of Kondele Village,Kisumu District,Nyanza province. My area chief is called M'c Owitti Arthur. From his office you can walk for less than ten minutes to get my residence home.
I have one wife called Akinyi and two children both are boys. I am of Christian faith and i congregate at the Pentecostal Assembly Church together with my family here in Kondele town. I like being here because i also work at the shopping Center in my small shop.

My Business

I own a small retail shop. My shop is located at the Kondele open market. In this village there are countable shops within which makes our services to be of high demand. I started my business two (2)years back. I have also registered my shop under the Local Authority's levy Act, which mandates all legal businesses within town to be permitted by the issuance of the annual licenses. My shop sells all types of domestic goods\items like,sugar,salt,cooking oil,breads,rice,matchboxes,credit-cards(safaricom,Yu,Airtel and Orange)among other many varieties of household items\goods.
In a busy month i gets a revenue of around ksh.120,000.After then i restock my shop with additional goods and pays all my business and home expenses. I am remained with ksh.40,000.net profit after all the expenses paid. This means that as Zidisha team will be considering to loan me through my shop,i am planning to extend my shop to be more spacious and to be a self-service one. This will make my shop to be a mini supermarket, and later to be a self-service supermarket. I will in future open another mini shop in another village so as to satisfy my customers needs and to target more sales and profit. Thank you.

Loan Proposal

Thank you zidisha platform for considering my business.From the loan from your institution,i am planning to extend my shop to be more spacious and to be a self-service shopping point. This will make my shop to be a mini supermarket, and later to be a self-service supermarket. I will in future open another mini shop in another village so as to satisfy my customers needs and to target more sales and profit. Thank you all and i welcome the bidders for the funding.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$149.87

Date disbursed

Mar 11, 2014

Repayment status

Late

Projected term

22 months

Cost to entrepreneur

Lender interest: $149.87 at 16.57% annual rate over 22 months = $45.85

Service fee: $9.77

Lenders

EricDWalters

Rochester, Mn, Usa, United States

investor

Candiac, Canada

B

Bpryse

Long beach, United States

JLadieu

Bellingham, United States

S

sirius

Lauterach, Austria

T

ToddK

Indianapolis, IN, USA, United States

E

Elisa

Espoo, Finland

B

Bavarian

Bavaria, Germany

Jason

Auckland, New Zealand

Sarasota

Sarasota, Fl, United States

V

Volpone

Geneva, Switzerland

dlpringle

Denver, United States

A

alretz

United States

V

valiy

Switzerland

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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