Inventory of additional goods in my retail shop

Pascal

Iguhu, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Pascal

Member since

April 2015

On-time repayments

237 installments • 27%

About Me

My name is winjila I'm 25 years old and come from humble family of four. I went to primary school at makhokho primary after which I joined makhokho secondary for the high school educacation.after completing high school,I did not have money to undergo further education so I had to join my parents in doing farm activities so that we could earn a living. Things changed when my dad died in key 2013. After the burial,I moved to kakamega town where I did part-time casual jobs. These really helped me to think business because I had saved some money,that's now how the idea of starting a retail shop came about.

My Business

I run a kiosk that sales basic food products like maize, beans, bread, sugar, blueband.I Chose these type of work because I realise that in my neiborhood people have to walk long distances to access this product s. This business gives me a profit of 2usd per day. I save part of the profits which I use to pay for my child s school fees. The kiosk is on my land. So I don't pay rent. I would like to increase my profit so that I have a bigger shop.

Loan Proposal

The second loan helped me alot. I was able to provide more products and different products to my customers. I have done so well that I am expanding into a bigger shop. It has helped my family's quality of life.
My humble request to my lenders is to lend me the said amount of the third loan so that I can buy fast moving stocks in my shop. I expect to spend that amount as follows:
1. Two bales of cooking flours 2kg at a total cost of USD 50
2. Two bales of baking flour 2 kgs at a total cost of USD 23
3. Two 50 kgs bags of sugar at a cost of USD 130
4. Two boxes of 1 kg bar soap(Menengai brand) at a total cost of USD 30
5. Cooking oil 20 litres at a total cost of USD 30
From this capital if granted, I expect to increase my profit margin by 10% of capital with 4 times stock turnover in a period of four months which is approximately a gain of USD 75 at the lower side.
I will be grateful for your kind assistance and also re assure you to repay it as planned.