Loan for my shop inventory

Gift

Budenge, Kenya

100% repaid

Entrepreneur

Name

Gift

Member since

July 2016

On-time repayments

69 installments  •  86%

About Me

I am 37 old kenyan from busia county,Samia sub county,Nanguba location,Bujwanga sub location,Budenge village. I am a third born in a seven children family.I went to Namasali primary school. St Paul's Amukura high school, and then Makerere university where i studied Mass communication.I am currently working as afield officer at Innovations for poverty action as afield officer.due to life challanges i decided to start a retail shop to increase my income.

My Business

i run a retail shop just next to where i stay. it is doing well,thanks to the availability of customers.i sell mainly foodstuff including bread,sugar,milk,salt and other foodstuffs .in a month i get revenue of 3000 dollars and a profit 500 dollars.i really love my shop and sometimes when i am free i spend sometime serving my customers.most of the time my business is attended to by my spouse and i feel this gives her employment something that is very rare to find in my locality.

Loan Proposal

I plan to use the loan to increase my business inventory.This time I plan to buy 10 packets of sweets at 1.5 and resale them at 3 dollars. This will translate into a profit of 30 dollars per week.This will attract more teens to the shop who will in return buy more other products.This will improve my lifestyle

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$17.00

Date disbursed

Jul 21, 2018

Repayment status

On Time

Projected term

4 weeks

Lenders

Craig

Memphis, TN, United States

HH

Helen Horseman

United Kingdom

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