Selling vegetables and stationary

Patrick Gambo

Mrtwapa, Kenya

100% repaid

Entrepreneur

Name

Patrick Gambo

Location

Mrtwapa, Kenya

On-time repayments

233 weekly installments  •  6%

About Me

my name is patrick gambo , born in a family of six being the 5th born we have four brothers an two sisters who co-operate a great to improve our living standard,our family is located in matano mane but sister and i live in mtwapa as the specified plot no. i schooled at ganze boys high school and completed the year 2012. i started the business to sustain myself as am from need back ground,in my business i mainly deal with stationery and some food stuff mainly maize flour and some vegetables.the business has been able to maintain and at-least improve our living standard as a family that is my dad my mum and my yung sister

My Business

if am previlaged toget zidisha loan the source of of payement willbe from my business which is also myb source of employement . the things i buy is mainly stationery and some foodstuffs like maize flour and some wheat flour and also some vegitables like kales cabbages and many more. these food stuff i introduced them due to customers demand and itspreferable and profitable. there is no competetion whatsoever from this but a slight competetion from the sratineris as onother person is having the same business near mine. risk is mainly from the perishable vegitables but in stationery no much risk as it is long staying products.my monthly income is 30000/= expenses is around 18000/= leaving me with a profit of around 12000/=

Loan Proposal

i will use 50% of the loan to improve my stationery stock level as this is the time stationer's are needed at high demand and my stock level must be improved to ensure that customers are served at their best. secondly, i will use 30% of the same loan to increase vegetable stock in my shop so as to have the varieties that i don't stock to have them in place. the 20% will be used to renovate the place i use for selling my vegetables as it is now not in condition so i want to renovate it to have a good working place

Feedback

1

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None

  • Paula    May 9, 2014

    Paid back in full on time and good communication. Best of luck for the future!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$49.96

Date disbursed

Mar 16, 2014

Repayment status

On Time

Projected term

-31 weeks

Cost to entrepreneur

Lender interest: $49.96 at 15.30% annual rate over -8 months = $-4.56

Service fee: $-1.48

Lenders

Silver

Steiermark, Austria

Paula

Heerlen, Netherlands

Greg1

Southampton, United Kingdom

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