Food and retail shop

Josephine

Eldoret, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Josephine

Member since

February 2015

On-time repayments

128 installments • 80%

About Me

My name is josphine Libese.Iam 30yrs old married to my husband Patrick Amugamwa and we have two Children. I was born in Vihiga but currently living in Eldoret together with my husband .I own a business that deals with food stuffs.I studied upto O levels.I decided to start the business so as to care for my family.

My Business

I run a small shop that deals with food stuffs I always take a stock of between six thousand to seven thousand.This gives me a profit of three thousand a month I take my stock from a whole sale in Eldoret town. My monthly expenditure is 3500/= . It is challenging but I am still moving on, hopping that with Zidisha loan I will able to improve my living standard and also expand my business.

10% tithe which I give to the Church where I fellowship. I use 15% to pay my rent, I use 50% to help me increase my stock, while 15% is used to help my parents and the remaining 10% I will use to service my loan

I live in an area where low class people live. These are people who can not afford even transport to town Center to buy goods from a mall and therefore I have to stock goods in very small quantities.

I chose this business as a result of the demand for the goods in this particular area. If I increase my stock, I will draw more customers hence increased profit and benefit to Community around who will not have to travel far to do their shopping.

Loan Proposal

if i will be funded,i will first purchase goods which will be sold at a profit so that it will uplift the lives that do depend on this business.due to a huge increase in the prices of goods such as sugar,that will not be in my lists because it can fluctuate thus making a big loss.my purchases mostly cover on bread which are consumed almost in every homes this will give me a good profit because a loaf goes for KES 35 at whole sale and retail price KES 50 these give out a profit of Kes 15,thus if I sell 25pieces i will manage a profit of KES 375 on bread alone.this will make it easy to rays my weekly payments easier. this and other goods will make this business great .