Increase stock targeting christmass high sales
Francis
Eldoret Mailinne, Kenya
14% repaid
Entrepreneur
Name
Francis
Member since
December 2014
On-time repayments
44 installments • 7%
About Me
My Names are Francis Githenji Muna .I am 44 years old married to one wife with 4 children ,3 girls and one boy ,the eldest girl is in high school form 3 while second born in form 2 and the last two in primary school.A part from being a business man Iam also a pastor of P.T.F Church Fly over Eldoret Kenya ,I do the business together with my wife.
I live in a slum estate known as Fly over near Mailinne estate in Eldoret Town.I started this business to boost our family income to make us able to pay all our bills and use the rest to purchase food and house hold goods.
My Business
My business is selling different goods value e.g ear rings,neckless,socks ,men belts,wallets,wall clock .I normally do both hawking and also I have a small shop . I started business three years ago and my source of earning is from church and also the profits I make from the business .
The business is profitable because there is high demand for products that we are selling to them and also these products attract high profits.My business is .My business is in Eldoret town in sosian bus stop I have a shop inside and also hawking if one visits the place just ask anybody sell for pastor from Mailinne that is the common name they know me by. The risk my business faces is scarcity of products due to lack of enough capital to stock fully .My monthly cost of running the business is US$ 240 while Gross profit or income before these expenses is usually approximately US$ 380 .
Loan Proposal
My loan proposal is that if funded all the US Dollars 100 I intend to use it all to boost my business stock as I target end yer business.Thus I expect high sales due to December festive season .I expect increase of sales up to 400% if funded because I will be having enough stock to sale .Thanks God bless you looking forward to your wise consideration.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Dec 18, 2014
Repayment status
Late
Projected term
10 months
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