Inventory for wheat and sugar for retail shop

Ochieng

Kesses, Kenya

5% repaid

Entrepreneur

Name

Ochieng

Member since

May 2014

On-time repayments

282 installments  •  20%

About Me

Am Valentine Ochieng , born on the 4th day of June 1991, a second born in a family of four, I sojourn in Kesses a small center in Eldoret town , Uasin Gishu county, Rift valley province, I do retail shop business, import business and am also an employee of Nairobi Aviation Eldoret branch under the department of Aircraft operation , I went to Usare primary school then to Mbita High school and then to Moi University, I started my business immediately after form four so that i can facilitate my education at higher level but since then the business has changed my life since i was able to pursue my degree and currently am able to pay for my sisters school fee who is in form 2 at St.Catherine Girls -Kesses, through my business i have been able to purchase a car for my transport business among other assets , am one man who like serious individual but extrovert, i like swimming , travelling , reading new materials and most of my free time i like playing with my only baby boy or going to a tour with my wife .
Am an aircraft operator and would like in future if financially more stable , open an international school for aviation students and sponsor those students who are willing but unable to persue aviation course.

My Business

I majorly get my finances through my business especially the shop business , there i sell goods like bread , soap, soda or soft drinks among other commodity that are fast moving , my business do well because it is a monopolistic business in the whole region apart from those at the main center , my customers always prefer my goods because they are always fresh and the price is relatively lower compared to those that are sold at the main center , my business is also profitable because i make order at least once after two days and my main suppliers are Eldomatt , Khetia supermarket and Diplomatt General stores , currently am my business is facing financial problems mainly because of the new branch that I had started but has not yet picked well so I still pump some of the cash in the new business
On a monthly basis i can make atleast 150,000/= with a profit margin of about 20,000-30,000/= monthly .If am granted the loan i will invest in the business and make an early payment so that i can qualify for a more cash that can make a great impact positively to my business

Loan Proposal

If am guaranteed the amount I would purchase wheat flour and sugar for my retail shop so as to increase my cash flow and make my customers happier since majority have started ordering in large amount as compered to initial quantity they use to purchase and this is due to the fact that am enjoying the monopoly of the business in the area. This will also increase my profit which i can then plough to my Daycare business which is yet to pick i will really appreciate if am given the loan ..
May God bless you and increase you all , lets change the world and make it a better place even for the next generation . i sincerely appreciate your support .
Thanks

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$230.00

Date disbursed

Oct 21, 2017

Repayment status

Late

Projected term

27 months

Lenders

Martin

Manama, Bahrain

PG

Paul Graham

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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