Loan for my food retail shop(milk bar & bakery)

Raphael

Kisumu, Kenya

Funds disbursed

$0 to go

100% funded of $4 goal

0

days left

Entrepreneur

Name

Raphael

Member since

February 2017

On-time repayments

5 installments  •  0%

About Me

I grow up from a humble background in Kisumu.Attended school upto college level at one point i dropped out of collge cause of lack of school fees.Being the first born in a family of three i had to continue pursuing my dreams and keep the family name up as this was our custom and belief.Fortunately,God opened up a door and i got a job in one of the largest Supermarkets in Kenya as ICT Administrator in 2005.This is the same year i got engaged and later married in 2006.Worked in this company until mid 2014 when i got relieved of my duties unfortunately together with my other work mates.I never gave up and went back home to settle my family back at home in Kisumu.After settling home for a few months things took a different turn.I had to sit and plan for my family(my wife and two sons).My eldest son is in class 4 and the youngest is in baby class.Considering the dreams my boys had told me i had to settle for a good plan and that was business.With the wide knowledge of experience in retail i got a friend who wanted to start a Supermarket.He (Jackson Kamau-0732704510/0724124401)called me in to help set up the business.This worked and he made some payment that i used to start my business of Milk Bar and Mini Bakery,and this what currently am running.This was started in October 2015.Out of business i like playing football and watching movies.

My Business

I run Rightprice Milk Bar & Mini Bakery as the founder and Director.Currently i got two branches.We deal with mainly milk products-fresh milk,yoghurt and fermented milk.Other products are cookies,bread,scones,cakes,birthday cakes(We bake on our own meaning we offer fresh products).The main branch opened its doors in October 2015.The second branch opened its doors in October 2016.There was need for a second branch cause most of my basic needs and other plans were attached to the first shop i started.Therefore i chose to find another best location for the second shop that would in turn boost me in terms of savings and growth.So far there is a big demand in this products i sell and am not able to meet the demand cause still most of the profits i get from this second shop i use it to pay staffs,and improve the business.Moreover i started this second shop with few shop requirements like flour,margarine that would not be adequate later considering the demand.
I chose this kind of business cause within the vicinity (radius of 7km )we didn't have such a business.

Loan Proposal

I will use this loan to buy food colours,yeast and flour.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$4.00

Date disbursed

Feb 24, 2017

Repayment status

Late

Projected term

5 weeks

Lenders

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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