Rice, flour, sugar & other general products for my shop

John Mungai Nganga

Rongai, Kenya

9% repaid

Entrepreneur

Name

John Mungai Nganga

Member since

October 2015

On-time repayments

58 installments  •  83%

About Me

I am happy to have been given this opportunity to express what many may not say.I am a young,energetic and physically fit since i was born.I was born and brought up like any other child in our local community set up.I went to school as well as helping my parents rearing our cows.I didn't manage schooling up to the secondary school due to lack of school fess.Life became unbearable in rural ares when my parents who could rely solely on a cow and doing odd jobs to put food on the table.This lead to dropping out of school at form two.I went to my Aunt's place in town where i helped her to sell her shop in returns with food and a place to sleep.I worked so hard while at my aunt's shop to a point where when she wanted to change her business she opted to leave it for me to learn and manage.I later borrowed some little money from friends and Uncles to add more stock and the business picked.This is how i came to start my own business of shop.The problems i faced became a thing of past.This even made me start helping my parents back home as well as educating my other brother and sisters.The unique feature of the culture of the place i live is that,community uphold a high level of integrity and hard work.My children would want to be brought up in the best way possible and be educated to a level of attaining Jobs skills for employment and good life.My unique hobby is helping the needy and unfortunate in our society.I love giving back to the society to upgrade the level of living standard for other people.
Thank you.

My Business

Meanwhile,in my business of selling general shop products,I commonly provides food stuffs and daily required products like floor,sugar,Bread,Soaps,e.t.c among many others.These products are useful on a daily basis because i sell basic food stuffs that every customer will find them being priority and therefore becomes more useful and always on high demand.
I decided to choose this business because i loved it since i started doing it for my aunt,it has a high profit and return on capital.My typical costs are cost of buying the stock,transport to my shop,electricity bills as well as security.My revenue is usually reinvesting on profit gained as well as soft loans friends.
So, i use my profit to reinvest as well as meeting my monthly expenses.Others i send to my parents to pay school fees for my brother and sisters.
Thank you.

Loan Proposal

Thank you.
When I get my next loan, will stock the same fast moving food stuffs that customers requires daily.
The products will be Maize and wheat Floor at USD55.00 and USD35.00 respectively.
Also on the list will be, Sugar at USD70.00.
I will also buy Milk and Bread at USD40.00 & USD32.00 respectively,
On other hand, will buy Rice at USD38.00 and yogurts at USD15.00.
I will add serials outside my shop at a cost of USD30.00 for Beans, Green grams at USD20.00.
The remainder will buy baby items such as blanket, clothes diapers and other assorted items.
By buying the above products, my shop will be more stable and will be a one stop shopping point. My customers will be happier and will be assured of availability of all products they need.
This will increase my income from the current USD35.00 per day to USD50.00.
I will be very proud of you and my life will never be the same again. My wife has built a lot of confident with me through your continuous support of our business.
Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$382.00

Date disbursed

May 19, 2016

Repayment status

Late

Projected term

68 months

Cost to entrepreneur

Service fee: $15.64

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