Selling groundnuts

Stephhen

Kayole Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Stephhen

Member since

December 2012

On-time repayments

39 installments • 54%

About Me

Am born and raised in molo in mona village,am married with two children in primary school and the other one at home.i sell ground nuts in buruburu next to jimlizer hotel.my educational back ground was not able to finish my primary school due to lack of finances .my parents were not able to finance nmy schoool so i decide to vcenture in to business with my level of education i want able to secure a job so i started selling second hand cloths then left to ground nuts.i stop selling clothes because it was door to door and it was seasonal,so i stop for groundnuts because its profit was huge comparing to my business

My Business

i sell groundnuts and boiled maize at buru buru next to jimlizer hotel. I started the business with some savings which I got from selling second hand clothes. There is demand of goods because the services, quality products, customer care compared to my competitors. The challenges facing the business when maize is out of service, the demand grow low, I run my business in an open air, so which makes it hard day if under scorching sun. When prices get hiked and am not able to pass them to the customers. Given the way I will expand the business open more brands. Montly costs 150,000 Ksh, profits 40,000.

Loan Proposal

I will be glad if you well be able to give me the loan that am applying for. If you give me the loan I will be able to invest the amount in my business which is in Buruburu.
I do sell groundnuts and that where I will invest.

Thank you in advance

Yours faithfully,

Stephen Kariuki