Inventory of goods for retail shop

Edwin Bett

Kericho, Kenya

12% repaid

Entrepreneur

Name

Edwin Bett

Member since

December 2014

On-time repayments

111 installments  •  9%

About Me

My name is Edwin Bett. I am 26 years old married and expecting my first born soon. I live with my family in our rural home Nyagacho village- a few Kilometres from Kericho town where I grew up. I am a first born in a family of six. I am an electrician by profession and posses a diploma in electric engineering from Eldoret polytechnic.
Jobs have been hard to come by and I am currently assisting the locals with electric installations.
I am born from a humble background and therefore to support my parents and siblings, I have to work extra hard. I recently established a retail shop at Nyagacho shopping centre- currently ran by by wife.
I love God and spend my free time on church chores where I am the youth leader at A.I.C church- Kapsoit.

My Business

I have a retail shop at Nyagacho shopping centre - on your way to Kapsoit centre. We sell mostly domestic goods such as food stuffs, detergents and other fast moving goods whose local demand is high.
The shop has been growing and has been my main source of income ever since.
To improve profits and customer base, I would like to add my stock and introducing new products

Loan Proposal

With my plans to reach more customers and improve profits, I would like to add stock to my retail shop. I would also like to improve the size of the inventory to reduce costs.
Therefore I plan to use the $100 loan on new inventory especially on fast moving goods such as food stuff and detergents.
This will increase profits from about $7 to $11 a day which will go to saving, repaying the loan and sustaining my family.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.18

Date disbursed

Dec 23, 2014

Repayment status

Late

Projected term

25 months

Cost to entrepreneur

Lender interest: $100.18 at 5.05% annual rate over 25 months = $10.87

Service fee: $7.96

Lenders

HE

help each other

Glasgow, United Kingdom

dmirpuri

Bangkok, Thailand

A

Akowal

United States

J

jayne62

Australia

P

Prometheus

Duisburg, Germany

KM

Kirsty M

United Kingdom

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