Inventory update

Robert

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Robert

Member since

April 2017

On-time repayments

28 installments  •  39%

About Me

I schooled at Heni primary school and consequtively at Heni high school and despite the challenges that I Went through I managed to end up in an institution of high learning in Kenya whereby am now a Bachelor of commerce graduate from the University of Nairobi.
Life was so difficult going to pimary school bear foot and walking for a very long distance and sometimes had to go without meals, but that did not deter my determination for success, I soared high against all the odds. .
I managed all the way and know am a graduate from university of nairobi
With the high unemployment rate in Kenya, I opted to start a shop which aligned with the culture of my home area of integrity, honesty, and utmost due care where every person is expected to be a brothers keeper. I started a shop within my area and buy good at a wholesale price and selling them to my neighbors at a small margin.

My Business

Having worked at a supermarket and my level of education, I felt I had enough qualities and customer service skills, I therefore started a shop which sells basic household goods like maize flour ,wheat food and other sugar, rice, milk and other food stuffs. I buy them at whole sale and sell them in small quantities to my customers.
The highest cost are the rent, fluatuation of prices and transportation costs and also lack of enough supplies to the shop.
I use the profits to expand my business and meet my daily needs and expenses

Loan Proposal

I will buy more inventory of the shop. Since it was the eve of elections in Kenya, the sales were a little slow, and that lead to low profit and consecutively low stock. I will use the loan to refurbish the shop with more stock.
The benefit to me is that it will raise the my value and other people problems will be solved by getting what they want.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$8.00

Date disbursed

Sep 5, 2017

Repayment status

On Time

Projected term

3 weeks

Lenders

Franmiguel

Perth, Australia

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