Inventory of rice & wheat flour for my shop, and a motorbike for transport
Edward Njoroge
Mazeras, Kenya
100% repaid
Entrepreneur
Name
Edward Njoroge
Member since
August 2014
On-time repayments
247 installments • 66%
About Me
my business is a retail shop that mainly sell goods like bread, blue band, biscuits,sugar,rice,milk among others , my services are on high demand since my prices are relatively low and hence can easily be acquired by middle and high class and low class individuals , customers also prefer my services since they are always clean and tidy and the services are offered from early in the morning upto very late in the night hence making my services accessible even to those that come home late unlike the competitor who opens the business late and closes early , my business is profitable since my suppliers provide me with the goods at a competitive price but my business also faces various challenges which are indirect for example poor road network and also on a bad week some goods will soil since i deal mostly;y with the perishables , on a good month i can make a total sales of upto 10,000/= with a profit of upto 2.000/=. if am granted the loan i will ensure that i increase my stock and expand my business
My Business
when am granted this loan i will make sure that purchase the above mentioned that is rice and wheat flour for my retail shop so as to increase my income and also to serve my customers with sufficient products and services . This will also make my capital increase to even purchase other products to fully stock my retail shop i therefore request lenders to please assist me raise this cash ....thank you the Zidisha team and the lenders for your support thank you edward njoroge.
Loan Proposal
Describe what you will do with the loan.First is to thank all lenders and zidisha team.Transport have been a problem to my bussiness it has costed me alot,i have decided to use Ksh 65,000 to buy a motorbike.this will help me to carry bags of rice,beans,wheat flour,and other commodities from wholesales shops.this will help me to have them at right time and i will reduce the cost of transport. I will use Ksh 35,000 to buy different variaties of rice example pakistan,Bryian,Pishori etc. ksh 20,000 i will use to buy wheat flour becouse we are heading to december where the demand is high this will help me to have enough stock for my customers.ksh 20,000 will use to buy cooking oil which walk hand in hand with wheat flour.I will be happy if granted this loan.to all lenders i will not let you down.thank you in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,510.00
Date disbursed
Nov 30, 2016
Repayment status
On Time
Projected term
17 months
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