Drink store inventory

Alice Othieno

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Alice Othieno

Member since

June 2020

On-time repayments

121 installments  •  100%

About Me

I am Alice Othieno a graduate from the University of Nairobi where I studies Psychology and Sociology. Currently I am residing at Komarock Estate where I operate a Liqour Store to earn a living due to the high rate of unemployment in Kenya. I have been in Entrepreneurship for 2 years now and I must admit that I am very happy with my job.

My Business

My business is a Liqour store where I sell both alcoholic and non alcoholic beverages in wholesale and retail.

Loan Proposal

I will use the loan to buy inventory for the business both alcoholic and non alcoholic drinks. Soft drinks and water have become high in demand.

Income Source

Due to the unstable economic environment, my business has a adopted a lean strategic approach where we will not hold too much slow moving inventory. Additional items such as scratch cards, masks and hand sanitizers will be added to the already existing stock.

Feedback

3

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Loan Info

Project Type

Classic Loan

Disbursed amount

$382.78

Date disbursed

Jan 9, 2021

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $17.94

Credit risk payment: $50.23

Optional expediting fee: $35.88

Lenders

PaulE

Cockeysville, MD, United States

CN

Craig Newmark

United States

RA

Ray and Abram

Melbourne, Australia

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