Food retail and green groceries

Nicholus

Kilifi, Kenya

100% repaid

Follow Nicholus

How it Works

Entrepreneur

Name

Nicholus

Member since

July 2016

On-time repayments

137 installments • 70%

About Me

My name is Nicholus Kai Haro aged 45 years. I am married to one wife and have 3 children. I have a bachelors degree in education majored in Special needs education. I am ateacher by profession teaching the mentally handicapped children in my country kenya. I have been in this profession for the past 17 years and I am the teacher in charge of the special Unit for the mentally handicapped children in the school. I am an employee of Teachers service commission. Beside being employed I am a business man.

My Business

My business started as a small retail shop dealing with food items and incorporation of green vegetables and little bit of cereals but has now grown to a big business.
My goods are in high demand because I always buy goods of high quality and fresh, the business premises is ever clean and tidy, the business attendants/ shop keepers use good and persuasive language.
I chose the business because the demand for the food and vegetables items was so high in the area and the supply was low and limited.
The typical costs and revenue include costs of the items, power, tax from county government. The income is able to cater for the cost and revenue , repay zidish loans and be able to cater for other development activities. So there is
alway profit.
I use the profit for education of my children in schools, reinvestment as in the case of my rental business house and improvement of my home and genera improvement of my life status.

Loan Proposal

I will use the loan fund to purchase goods for the shop and grocery as below; 30 bales maize flour at KES 35,000, 15 bales wheat flour at KES 21000, 3bags sugar at KES 15,000, 4 jericanes cooking oil at KES11,400, 10 cartons milk at KES 6000, 10 crates mineral water at KES 3000, 10 crates soft drinls at KES 5700,1 bag beans at KES 4500, 2 bag onions at KES 10,000 , 2 bags potatoes at KES 9,000 . 1 bag cabbages at KES 2000, 1 bag sukuma wiki at1800 , 2 crates tomatoes at KES4000 and 1 bag peas at KES 5000 . All adding up to KES133,000 and use the rest for transport.
This will enable the neighborhood get what they want timely and it will also uplift my lifestyle through the increased earnings.
I expect to have a 40% profit increase.