Funds to expand a joint malimali shop

Brian

Eldoret, Kenya

9% repaid

Follow Brian

How it Works

Entrepreneur

Name

Brian

Member since

May 2017

On-time repayments

86 installments • 94%

About Me

I am Brian Ogendi. a Christian and a hardworking man. I was born and brought up in Kisii. I completed my primary and secondary Education and now i am at my higher learning level at the University of Eldoret.
Due to high demands of daily life, i had to think of a way to counter the issue and i did settle on a business idea as was was the most ideal way for me to improve my life. I sought financial support from my parents and relatives to facilitate the starting of a business.
The uniqueness of my land is the fact that there is a lot of farming due to land fertility and well rain distribution through out the year.My hobbies are listening to music,watching and playing football.

My Business

My business deals with grocery and blending of fruit juices. I chose this business idea due to huge number of students community and the high demand around.My monthly typical costs include Renf of Ksh. 3000, electricity bill of Ksh.250, raw materials of Ksh.5000 and miscellaneous cost of Ksh.1000.
My revenue(monthly net profit) ranges from Ksh. 13000 to Ksh.18000.
I use this profits to cater for my basic needs and also support my junior siblings at both primary and secondary level.

Loan Proposal

With these loan I purpose to add up stock of footwear and dresses of different brands since the festive holiday has started and the demand has suddenly gone up. This will enable me catch up with the high demand of different variety from my customers especially on shoes and clothing.This will inturn enable me expand to expand to a bigger and better shop in the future.