Loan to buy fresh fruits for selling to get a profit

Rebecca

Mbita Township, Kenya

53% repaid

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How it Works

Entrepreneur

Name

Rebecca

Member since

April 2015

On-time repayments

30 installments • 23%

About Me

I am a 62 year old widowed woman with seven grown-up children, two boys and five girls. I grew up in a very loving and caring family. My parents were responsible, caring, loving and responsible though very poor and couldn't manage to raise school fee to support my intermediate primary school education.

Having dropped from school at a tender age, I started selling cereals by the roadside to clients from the local community especially fishermen who were buying food in large quantity for use during their fishing expeditions. My parents struggled to take care of us and being the eldest child, I had to support them on a daily basis through taking care of my siblings at home as they went out into the farm to plant and grow food.

All parents had died and now am the only surviving among my six siblings. My hobbies are visiting the sick and singing in Church choir. Mbita community is a cosmopolitan area and there's different cultural practices but commonly respect is paramount.

My Business

Having dropped from school in the year 1965, I started cereals selling in 1970and later on expanded to include sale of fruits, e.g. bananas, oranges, and peanuts. I conduct business in front of Kisui Beach Management Unit (BMU) Office compound, by the roadside in Mbita Town. I start selling in the morning around 8:00 A.M and finish at about 9:00PM on weekdays except weekends. I run this business full-time in order to generate enough funds to help me meet my basic needs and often those of my 7 orphaned grand-children am living with in terms of food, health care, and clothing.

Loan Proposal

Hello dear lenders, I am seeking a loan of KES 9,134 to enable me buy fruits and re-stock my kiosk. I will be able to sale and attract more clients to my fruits stall and the increased profits will be used to repay the loan and support my children education.

The loan of KES 9,143 will be used as follows;

-Buy Cereals at a cost of KES 3,800 and sale at KES 2,800 per day

-KES 6,300 will be used to buy assorted fresh fruits from farmers and re-sale at a very good market prices. I project to cash in KES 2,000 from fruits alone per day.

The increased sales and thus profits will help meet family expense, repay the loan on time and save to expand the business . Thank you.