Increase the stock of utensils for my shop
Edward
Kericho, Kenya
$0 to go
100% funded of $100 goal
0
days left
Entrepreneur
Name
Edward
Member since
July 2015
On-time repayments
13 installments • 0%
About Me
My name is Edward Kipyegon aged 36 and a resident of Kapsoit village in Kericho county. I am married and blessed with three children.
Due to financial challenges, I could not study beyond form four but I am currently a business man and a farmer as well.
I spend my free time watching soccer and visiting friends and family.
My Business
I own and ran a shop in Kericho town where I sell home appliances especially utensils.
I started about four years ago and has been doing well. I make a net profit between 10- 20% on most items and my customers are mainly the urban dwellers.
I have plans to improve my stock which I need the support of Zidisha.
Loan Proposal
My shop is located in a busy street ensuring a constant demand. However, my business is often limited by inadequate stock. I would therefore use the loan to build on this stock especially the utensils such as plates, bowls and cups that are fast moving. All the $100 loan and subsequent profits will thus go to building the stock. Improved stock will enable me derive the full potential of the shop.
My current sales will enable me repay the loan on time.
Thank you all.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Aug 16, 2015
Repayment status
Late
Projected term
3 months
Lenders
Austin, United States
Philadelphia, United States
Germany
Jake Gibson and Beverly Picardo
San Francisco, United States
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