Increasing stock of foodstuff & plastic items to resell
John
Nakuru, Kenya
$0 to go
100% funded of $587 goal
0
days left
Entrepreneur
Name
John
Member since
March 2015
On-time repayments
23 installments • 61%
About Me
I went to Wei primary school and join Wei secondary school. I later join Tambach Teachers College.I am a teacher employed in a private primary school.I like involving myself in our business when i am free.when am back to work, the business is managed by my wife.
My Business
We have opened a small business with my wife. we sell different types of household items like sugar,rice,maize and wheat flour,some cereals,cooking oil,detergents and many others.l buy these goods in wholesale and then later sell them to my customers in retail.Its a good business because one cannot stay without making sale during the day.I fund it using the small income from my teaching job.I use my profit to expand the business.I am planning to start selling some of the products in wholesale like sweets, rice,sugar,sanitary towels and others.l would like to improved my shop now that our country is gradually reopening the economy and business will start to pick even well.
Loan Proposal
The demand for foodstuffs in my area has shot up. This means that the supply for foodstuffs in the area is low.I am taking this chance to supply.l will buy millet worth 20000,maize worth 8000,greengrams worth 8000,beans worth 20000 and cooking oil worth 5000.I will aslo supplement my business with Nikos and plastics materials worth 2000.all these materials,l will buy in wholesale and sell in retail.
Income Source
Now that economy has opened in our country. There is circulation of money in the market.my commodities are fast moving products and u make sale daily.I also employed and I can use this income to supplement my repayment of the loan.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$587.00
Date disbursed
Sep 8, 2020
Repayment status
Late
Projected term
2 months
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