Retailing maize, rice and other staples
Elijah Kung'u
Nakuru, Kenya
$0 to go
100% funded of $1,691 goal
0
days left
Entrepreneur
Name
Elijah Kung'u
Member since
July 2011
On-time repayments
340 installments • 56%
About Me
My name is Elijah Nderitu Kung’u I live in Bahati at a place called Maili Kumi na Mbili, from Nakuru to Nyahururu you reach a place called Maili Kumi you take a road to Solai or Wanyororo, along that road you aright at a place called Maili Kumi na Mbili where there is bore holes which supply water to Nakuru.am a married man with children.
My Business
I operate a wholesale/retail general shop at Maili Kumi Center where a sell to the people around t like people from Wanyororo, Maili Tisa, Bahati and Maili Kumi. I have been doing this business from the year 1996 this business has helped to raise my children and also to buy my plot at Maili Kumi Mbili where we live currently. From this business I get about 800000 profits annually.
Loan Proposal
A s this time is predictable because of COVID 19 all i need to do is to stock my shop with food stuff than any other items and i will buy the following items which will cost the following amount respectively.
FOOD STAFF
20 bags of maize @ 3000 Kes 60000
30 bags of rice @2500 Kes 45000
20 bags of sugar @ 2500 Kes 50000
Cooking oil Kes 10000
Miscellaneous Kes 5000
Total Kes 170000
Income Source
A s this time is predictable because of COVID 19 all i need to do is to stock my shop with food stuff than any other items and i will buy the following items which will cost the following amount respectively.
FOOD STAFF
20 bags of maize @ 3000 Kes 60000
30 bags of rice @2500 Kes 45000
20 bags of sugar @ 2500 Kes 50000
Cooking oil Kes 10000
Miscellaneous Kes 5000
Total Kes 170000
Feedback
Positive
10
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,691.34
Date disbursed
Jun 16, 2020
Repayment status
Late
Projected term
3 months
Cost to entrepreneur
Service fee: $131.32
Credit risk payment:
$196.98
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