Loan funding for stock boasting of jack shop
Antony
Nairobi Umoja Estate, Kenya
100% repaid
Entrepreneur
Name
Antony
Member since
August 2014
On-time repayments
282 installments • 17%
About Me
My current resindence place is umoja (innercore) plot no:229.i am married to Francisca gakii and a father to brucecollins muthomi our first born son.on 1st dec 2014, we were blessed with twin baby boys name Ken and Khan. having been born from a tea catchment area,i have grown to see many young men do not think outside tea farming.i started my first business in 2005 were i operated a computer services shop at kionyo market for up to 2010 when i opted out of the said business after several players enter into the said field thus leading to unhealthy competition.i went back to farming were i managed to plant over 2000 trees of tomarlilo (tree tomato) fruits plant.this was a good venture but it went down after the spread of unknown disease which destroyed the crop thus great losses followed.with the help of my elder sister funding, i moved to nairobi umoja estate were i stated jack shop on April 2014 as a ordinary household shop wereby i stocked items like sugar, cooking fat, salt, milk e.t.c.after one month of operation, i discovered an opportunity in in electronic money transfer i.e m-pesa and airtel money,with the cash i had from the shop,i applied for both and i was offered the agency which am operating under the same shop.I have a dream of transforming this shop to be
A wholesale outlet and by almighty grace a supplier outlet to server umoja community.
My Business
i respect my business because since i started,it has enabled me to provide for my family and pay rent. i know if i can raise more capital to fund the stocking of the shop,i can get more income from it because i have not managed to stock most of goods which my customer need.i also have a problem with m-pesa and airtel money because some time i can't make big transactions becuase i am operating with limited float.if i get any funding, i will invest it into my business because i know it will pay back.my first loan from zindisha was small but it has enabled me to stock several snack which sales have worked wonderfuly in terms of returns. I am also in a prosses of buying an airtime vending machine which I hope will he operational by the end of this week mainly because of customers who need airtime of high denominations.
Loan Proposal
1. Buy 10 crates of drinking water (1/2 Lt Mumias sprinkles at s cost of $53.3.
2. To buy wo dozens of led bulbs 5 watt at a cost of $40.
3. To buy additional one crate of soda (300 ml)at cost of $5.2.
4. To buy balon for children at a cost of $1.5.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Nov 26, 2014
Repayment status
On Time
Projected term
2 months
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