Flour, sugar, & other food items for my shop
John
Rongai, Kenya
100% repaid
Entrepreneur
Name
John
Member since
October 2015
On-time repayments
58 installments • 83%
About Me
I am happy to have been given this opportunity to express what many may not say.I am a young,energetic and physically fit since i was born.I was born and brought up like any other child in our local community set up.I went to school as well as helping my parents rearing our cows.I didn't manage schooling up to the secondary school due to lack of school fess.Life became unbearable in rural ares when my parents who could rely solely on a cow and doing odd jobs to put food on the table.This lead to dropping out of school at form two.I went to my Aunt's place in town where i helped her to sell her shop in returns with food and a place to sleep.I worked so hard while at my aunt's shop to a point where when she wanted to change her business she opted to leave it for me to learn and manage.I later borrowed some little money from friends and Uncles to add more stock and the business picked.This is how i came to start my own business of shop.The problems i faced became a thing of past.This even made me start helping my parents back home as well as educating my other brother and sisters.The unique feature of the culture of the place i live is that,community uphold a high level of integrity and hard work.My children would want to be brought up in the best way possible and be educated to a level of attaining Jobs skills for employment and good life.My unique hobby is helping the needy and unfortunate in our society.I love giving back to the society to upgrade the level of living standard for other people.
Thank you.
My Business
Meanwhile,in my business of selling general shop products,I commonly provides food stuffs and daily required products like floor,sugar,Bread,Soaps,e.t.c among many others.These products are useful on a daily basis because i sell basic food stuffs that every customer will find them being priority and therefore becomes more useful and always on high demand.
I decided to choose this business because i loved it since i started doing it for my aunt,it has a high profit and return on capital.My typical costs are cost of buying the stock,transport to my shop,electricity bills as well as security.My revenue is usually reinvesting on profit gained as well as soft loans friends.
So, i use my profit to reinvest as well as meeting my monthly expenses.Others i send to my parents to pay school fees for my brother and sisters.
Thank you.
Loan Proposal
First,given the loan i will buy stock of fast moving food stuffs that customers ask daily. These products would be Floor USD 6.5, Sugar 14.00,.I would also buy a Milk USD 4.3, yogurts USD 3.5, and add serials outside my shop at a cost of USD 40.00,among many other Food stuffs that are bought on daily basis This will give me a higher profit and save people the need to move from one shop to another asking for an item that i don't stock because my current capital cannot allow.
This increase in capital will have an increase in my profit from the current USD 18.00 to USD 40.00 per day. I can be very happy attaining such great heights.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Nov 16, 2015
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
United States
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