Peninah

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Peninah

Member since

March 2012

On-time repayments

16 installments  •  13%

About Me

I am business woman, the first born in a family of three – a brother and a sister. I live in Green Plots Apartments, which is on 5TH Avenue, Ongata Rongai, an upcoming urban town that borders with Nairobi, Kenya’s capital city. I have been a business woman ever since I started my eatery, back in June 2010 under the name of ‘Sawa Snacks’. I have majored in Hotel And Hospitality course and attained a college diploma in the same. This is because of the passion that I have hold since my childhood, and it’s of the same reason that I started my business. Basically, most of my business earning is spent back in the business in terms of expanding it by purchasing extra equipments and machinery needed in my business and a continuance replenishing of my stock. I would say, that I am a better business woman today than I was when I entered this industry, due to the vast experience I have gained over time.

My Business

‘Sawa Snacks’ is a wide-service eatery, located behind Tusky’s Supermarket, the heartbeat of Ongata Rongai, in Kajiado County, a heavily populated, home-town community. I have wholly owned and operated ‘Sawa Snacks’, for the past two years, an eatery that offers a wide array of Snacks and Beverages like, bread, sandwiches, crisps, doughnuts, cookies, pastries, coffee, tea, milk, natural juices, energy drinks, sodas, mineral water and other soft drinks.
Snack stores are rapidly gaining popularity in this area as people become more work-oriented, creating less time for household purchases, thus ‘Sawa Snacks’ focuses on carrying a wider variety of products than any of its competitors and tries to offer these products at lower prices. Carrying a wider line of goods and services, allows my customers to satisfy more needs quickly in one location, which makes them prefer dealing with me than any of my competitors. The stores larger floor space also allows it to provide items not previously offered in the local market. Its location has also gained my stores a competitive advantage. My typical monthly operating expenses include my rent, advertising expenses, labor cost, restocking and utilities, which totals to around Kshs. 16, 000. And with an average monthly sales revenue of approximately Kshs. 30, 000, my business is left with a profit of just about Kshs. 14, 000.

Loan Proposal

I will use this loan to expand my business by buying a bigger refrigerator and a microwave oven. I will also replenish my existing stock and increase my marketing camping funds. The financial breakdown of the purchases is as follows:
Refrigerator @ Kshs. 14, 000
Microwave Oven @ Kshs. 7, 000
Stock @ Kshs. 10, 000
Marketing Funds @ Kshs. 4, 000

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$428.00

Date disbursed

Apr 17, 2012

Repayment status

On Time

Projected term

12 months

Lenders

melliecarma

Portus Town, Germany

F

Fabrizio

Grottaferrata, Italy

D

Delph007

Den Haag, Netherlands

EricDWalters

Rochester, Mn, Usa, United States

carlos vendrell

Barcelona, Spain, Philippines

P

Philippe

Adliswil, Switzerland

V

vamPierchen

Luxembourg, Luxembourg

S

spiritracker

Indianapolis, United States

Rdcmole

Cincinnati, United States

D

dancesflo

sao carlos, Brazil

JLadieu

Bellingham, United States

Eliduc

Prague, Czech Republic

L

lenderfromquebec

Saint-raymond, Canada

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