214 installments • 95%
I am the fifth child in a family size of six. My father farms. My mother is also a trader. With the aim of becoming a teacher, I started at an early stage helping my mother in selling in order to raise money to help in financing my education by hawking. After my secondary education, I partly took over my mother's small business. l have established a business with the small money I saved while I was working with my mother. In my society we work to support young people who are willing to work and come up with something meaningful in life. I want my family to be happy in life and does not suffer the way I went through to get to this stage I have attained in life and so am paving a way for my family and want my kids to enjoy a better life than I have had. After all, there is no better satisfaction than to see people become happy, because of your actions.
I sell food ingredients and other general products. Is demanding, because people need them in preparing their foods. The business is strategically located to help people in getting what they need in the shortest possible time. I picked this business, because it will shorten the time and cost people waste in buying their various food ingredients before they can prepare their foods. I will use the proceeds to cater for my families, parents and needy one's in my area who are in need.
I sell food ingredients and other general products like food seasonings will cost around $200 and food
items such as garden eggs, tomatoes, carrots, eggs which cost around $800. When I get the loan it will
be used to expand my food shop by buying additional food inventories as stated.
The business is strategically located to help people in getting what they need quickly. I choose this
business, because is a necessity business. It will cut short the cost and time people waste in getting their
various food ingredients before they can prepare their foods.
And I expect my profits to increase by at least 15%.
Jun 18, 2018
Cost to entrepreneur
Service fee: $12.79
Credit risk payment: $63.94