Entrepreneur
Name
Johnson
Member since
October 2016
On-time repayments
112 installments • 87%
About Me
My name is Johnson.As a young boy growing up in Muhoroni(a small dusty town in Kisumu county-Kenya),I admired my parent source of income.They started off with a little shop with a handful of consumer goods.But with time it grew to be a wholesale shop catering for customers from far and wide.I have always wanted to do the same but capital has been a limitng factor for my small startup of making pastries for distribution to shops.
My Business
Through the help of Zidisha lenders and some financial help from friends and relatives, I have recently opened my small kiosk. In this kiosk I generally stock household goods such as sugar, soap, soda, petroleum jelly, pampers, margarine, snacks, tea leaves, salt, shoe polish to name but a few. One of the first selling commodities in my kiosk is bread. In one day one can sell upto 100 loaves of bread. Each loaf of bread retails at $0.5.I have been offered a bread distributor opportunity by one of the suppliers. For this reason I need to raise some capital so as to grab the opportunity quickly. I am kindly to zidisha lenders to fund me so that I can get this golden opportunity.I am requesting for funding of $12. From each loaf of bread I will be able to make a profit of $0.05.Part of this profit will go into repayment of my loan while part will go into growing the business and meeting my family expenses. The beauty of this opportunity is that the more aggressive I am in my sale the more the profit. The opportunity also takes away the hustle of preparing pastries like I used to do.
Loan Proposal
This loan will be used to increase my bread Distribution stock from the current 20 crates to between 30 and 35 crates of bread. This will help increase my profits by between $7 and $11.A crate of bread costs $4.5.Each crate has a profit of $0.7.With an extra 15 crates IL make $10.5. Some $3 will be used to pay a person that helps me in the distribution.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$163.00
Date disbursed
Jan 8, 2019
Repayment status
Late
Projected term
4 months
Other loans
Lenders
Gammalkil, Sweden
United States
Luxembourg
United States
United States
United States
Ask Johnson a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.