Increase grocery stock

Benedict

Kitwe, Zambia

138% paid forward

Entrepreneur

Name

Benedict

Member since

July 2023

On-time repayments

31 installments  •  61%

About Me

My is Benedict Ngandu and I come from a humble background. I live in Kitwe the Copperbelt of Zambia. My house is off freedom way road in Parklands township. I completed my grade 12 or secondary school at Ndeke secondary school and I did obtain a very good school certificate. Later on , I went to Zambia Institute of Public Administration where I studied business management and accounts.

I spent three years in college and I graduated with a Diploma. After I graduated I got an opportunity to work in the FMCG company, where I worked as an accounts assistant. I worked therefore for 2 years and 5 months and during my tenure of service I was awarded a certificate of recognition due to my hard work.

Am also involved in the distribution of grocery goods and drinks, I own a shop which is located at Chisokone Market I buy and distribute good on both wholesale and retail. All in all, my dream is to become a great entrepreneur in future.

My Business

I started my business while working at the FMCG company in Kitwe town, I raised some money through my savings account from my monthly wages. After raising good capital, I started distributing grocery goods in wholesale shops and that is where my second source of income originates. I own a wholesale shop and retail shop where I sale grocery goods on both wholesale and retail prices. The following are the goods I provide in my shops

1. cooking oil, 20l, 10l, 5l, 2.5l, 2litres and 750mls bottles of cooking oil
2. Butter cups in different packages
3. white spoon suqar, 20kg, 10kg, 5kg, 2kg and 1kg
4. Juice drinks, 5l, and 2litres
5. Soft drinks, 250mls and 300mls bottles
6. Eggs
7. Washing soaps in different packages
8. Bathing soaps in different ranges and prices
I can only mention a few other wise there are a lot more goods stocked up in the shop . These goods however are very much useful they are daily consumed in every household and sale fast . I choose fast consumable goods they are highly profitable and always in demand.
For me to purchase these goods I need approximately ZMW 25,000.00 to buy all the goods and I need ZMW 7000.00 for transportation and distribution of these goods.

Project Proposal

With the funds am requesting, I propose to purchase more grocery stock in my retail shop due to massive demand of consumable goods. Following are the goods needed to be stocked up in my shop.
1. cooking oil, 20l, 10l, 5l, 2.5l, 2litres and 750mls bottles of cooking oil
2. Butter cups in different packages
3. white spoon suqar, 20kg, 10kg, 5kg, 2kg and 1kg
4. Juice drinks, 5l, and 2litres
5. Soft drinks, 250mls and 300mls bottles
6. Eggs, jam, tooth paste, rice, tea leaves, coffee, tissue and mealie meal.
7. Washing soaps in different packages
8. Bathing soaps in different ranges and prices
The total budget needed to buy the mentioned stock is ZMW 20,000.00 and the projected profit take home per week is ZMW 5000.00.
Your support will be highly appreciated. Thank you in advance.

Feedback

None

None

None

Project Info

Project Type

Pay It Forward

Disbursed amount

$122.00

Date disbursed

Oct 2, 2023

Backers

Walter

Rongai, Nakuru, Kenya

Pascal

Kakamega, Kenya

Alice

Nairobi, Kenya

Marsudi

Banjarmasin, Indonesia

Damaris

Delmonte Thika, Kenya

Edward

Nairobi , Kenya

RL

Robert L

United Kingdom

Ask Benedict a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Benedict    Jan 24, 2024

    I need to buy more stocks in the shop, since December i have not restocked and customers are going back due to lack of stock the shop. Once I restock I will lose no customers but continue generating revenue . Thank you my lenders for supporting my business project by helping me to expedite the loan.Thank you so much and God bless you.

    Log in to reply • Share
  • Jack Sonntag    Jan 22, 2024

    Namaste Benedict

    Log in to reply • Share
  • Benedict    Jan 17, 2024

    My previous project has helped me earned good profits to grow the business, the retail shop is expanding and growing steadily. During the festival despite being business being hard I was able to repay my loan on time. With your support my lenders the business is improving and the standard of living home. Without your support it would have been difficult for me to grow my business on my own. I hope and that you will support me once in the new year 2024 .Thank you in advance

    Log in to reply • Share
  • Benedict    Jan 14, 2024

    Since 1st January business sales at my shop has been very slow and customers are not buying as they suppose to be at the moment, hence I adjusted for the next two weeks to see how business sales will ran. Thank you my lenders for your support and patience.

    Log in to reply • Share
  • Benedict    Dec 30, 2023

    Currently the business is doing very well except the sales are still very low for me to pay the full payment. I have decided to adjust to allow me generate more sales for the next two weeks. Thank you so much my backers for patient and support.

    Log in to reply • Share
  • Benedict    Dec 17, 2023

    I have a challenge at the moment, thieves broke into my shop and stole some good in the shop, the matter has been reported to the police and the police have instituted investigation. I have adjusted to give my self ample to reorganize myself and start repaying my loan on time. Thank you my backers for efforts and patience.

    Log in to reply • Share
  • Benedict    Dec 4, 2023

    Dear lenders, I have not generated much sales in the last past week and I can only manage to adjust as am pushing sales of goods in the shop. I really appreciate you so much for your patience.

    Log in to reply • Share
  • Benedict    Nov 22, 2023

    I just did stock up my with new stock of goods and I have not yet started generating good income to allow me repay the full instalment, therefore I have made adjustment to give myself more time to more sales and the repay my full weekly instalments in two weeks time. Thank you all my lenders for good patience with me.

    Log in to reply • Share
  • Benedict    Nov 16, 2023

    I received the funds in my MTN payment line and bought the following stocks for retail shop.

    1. cooking oil, 20l, 10l, 5l, 2.5l, 2litres and 750mls bottles of cooking oil
    2. Butter cups in different packages
    3. white spoon suqar, 20kg, 10kg, 5kg, 2kg and 1kg
    4. Juice drinks, 5l, and 2litres
    5. Soft drinks, 250mls and 300mls bottles
    6. Eggs, jam, tooth paste, rice, tea leaves, coffee, tissue and mealie meal.
    7. Washing soaps in different packages
    8. Bathing soaps in different ranges and prices
    The total budget needed to buy the mentioned stock is ZMW 25,000.00 and the projected profit take home per week is ZMW 7000.00.

    Thank you my lenders for your support, I really appreciate you so much.

    Log in to reply • Share
  • Benedict    Nov 13, 2023

    I will buy the following goods in my shop,
    1. cooking oil, 20l, 10l, 5l, 2.5l, 2litres and 750mls bottles of cooking oil
    2. Butter cups in different packages
    3. white spoon suqar, 20kg, 10kg, 5kg, 2kg and 1kg
    4. Juice drinks, 5l, and 2litres
    5. Soft drinks, 250mls and 300mls bottles
    6. Eggs, jam, tooth paste, rice, tea leaves, coffee, tissue and mealie meal.
    7. Washing soaps in different packages
    8. Bathing soaps in different ranges and prices
    The total budget needed to buy the mentioned stock is ZMW 20,000.00 and the projected profit take home per week is ZMW 5000.00.
    Your support will be highly appreciated. Thank you in advance.

    Log in to reply • Share
  • Benedict    Nov 10, 2023

    Dear lenders the just ended loan you supported me did wonders in my retail business project. Because my shop is now stocked up with a variety of good that are fast consumable and the demand is very high on the customer our community. I was able to drive profits and increased on daily revenue and the business is growing. Thank you for supporting me and I hope will support again in my new loan.Thank you so much in advance.

    Log in to reply • Share
  • Benedict    Nov 9, 2023

    I bought a number of groceries in my retail shop and these are fast consumable goods that are highly sellable.

    There is a big difference in my shop now because customers are able to make a choice of their own on goods they want to buy, since the shop well stocked up with different lines of product or goods.

    My earnings now have increased by per week from ZMW 2500.00 to ZMW 4000.00 per week, indicating that the business is growing steadily, because the profits made are able to improve the standard of living at home and also school fees for the children.
    Thank you so much my lenders for your support for making it possible for the business to be doing very well today and improve the living standard of my family.

    Log in to reply • Share
  • Benedict    Oct 30, 2023

    Last past week sales have gone down on my business and I have adjusted my weekly instalments to give ample time to make generate goods and allow pay according. Thank you so much for your patience my backers.

    Log in to reply • Share
  • Benedict    Oct 15, 2023

    I have made adjustment due to low business sales as of last week I hope this week business will normalise so that I can repay my actual weekly instalments. Thank you so much

    Log in to reply • Share
  • Benedict    Oct 2, 2023

    I will buy and stock up my shop with the different types of good that are on demand to the customers around the community. As a results, these fast consumable goods will help me generate my profit very fast and grow my business.
    Thank you so much to you my lenders for supporting me. Therefore I will do my best to satisfy you on my business progress.

    Log in to reply • Share
  • Robert L    Oct 1, 2023

    Good luck!

    Log in to reply • Share
  • Walter    Sep 23, 2023

    Good luck in your grocery.

    Log in to reply • Share
  • Benedict    Sep 21, 2023

    Your support was very supportive to my business and my grocery shop is growing and expanding. Am very thankful my backers to you.
    Because on my own I was going fail considering the economic challenges and how to find.
    Thank you so much because through the suppprt you have given the profits made, the standard of living is improving and the family is so happy. I beseech you to support me again on my new project.

    Log in to reply • Share
  • Benedict    Sep 7, 2023

    Received the funds successfully and I bought all assorted grocery items that move sell very fast in my shop.
    With your favorable support my backers am so grateful because your financial support is transforming my business into another level. Thank you so much I really appreciate.

    Log in to reply • Share
  • Benedict    Aug 30, 2023

    With the funds am requesting, I propose to purchase more grocery stock in my retail shop due to massive demand of consumable goods {Fast moving goods at shop} Following are the goods needed to be stocked up in my shop weekly.
    1. cooking oil, 20l, 10l, 5l, 2.5l, 2litres and 750mls bottles of cooking oil
    2. Butter cups in different packages
    3. white spoon suqar, 20kg, 10kg, 5kg, 2kg and 1kg
    4. Juice drinks, 5l, and 2litres
    5. Soft drinks, 250mls and 300mls bottles
    6. Eggs, jam, tooth paste, rice, tea leaves, coffee, tissue and mealie meal.
    7. Washing soaps in different packages
    8. Bathing soaps in different ranges and prices
    The total budget needed to buy the mentioned stock is ZMW 20,000.00 and the projected profit take home per week is ZMW 5000.00.
    Your support will be highly appreciated. Thank you for your support my backer, Mr Walter Onyore may God bless you, let us support each other's project.

    Log in to reply • Share


Loading...

Loading...

Loading...