Loan for expanding my shop

Benson Njoroge

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Benson Njoroge

Member since

May 2015

On-time repayments

246 installments  •  72%

About Me

My story in childhood is that i was able to join kim's kindergarten which was just opposite our home later i joined mirangine primary school. after that i joined mikeu secondary school and the grade that i got could not help me to join university. i started hustling up and down looking for better life.through all this process i meet many difficulties that i almost loosed hope and i had to go back home and started small scale farming and little by little i found that i could make it. that season i had planted maize and it did well that i was able to get 309$ which i moved with them to start a shop in nakuru-langa langa.

My Business

My business is currently doing good cause the products that i deals with have to be consumed each and everyday. my shop deals with home basic needs that is; sugar, bar soaps, cooking fat, all types of detergent,flour, soft drinks but though its small i hope to expand it in future.
the cost of my business are;
rent=82$
license per year is 123$
all product cost is 500$
my daily need 3$ my monthly income is 144$
total profit 59$

Loan Proposal

Hi lenders, my plan with the loan is to increase on new brands and add to the existing one and by that i will be able to win many more customers in my business. my aim is to increase my stock by buying 50kilograms of rice costing 70$, i will also buy 90kilograms of maize flour costing 108$, 40litres of cooking oil costing 48$,20 pieces of bar soap costing 14$, 50kg of sugar costing 55$. this will help me to meet all class of customers therefore i will expect more customers in my business and will also be able to meet all their need since this products are very needy basic in each and every day. with all that my profit will also increase with more than 20% which will help me pay my loan in time and save for rain seasons.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$301.04

Date disbursed

Oct 2, 2016

Repayment status

On Time

Projected term

21 months

Cost to entrepreneur

Service fee: $12.40

Lenders

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

D

DandS

United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

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