Maize, rice, flour & sugar for my mini-mart
Douglas
Ongata Rongai, Kenya
5% repaid
Entrepreneur
Name
Douglas
Member since
March 2016
On-time repayments
43 installments • 79%
About Me
Thank you for this wonderful opportunity.
I am a middle aged man and a family man. Having been born and brought up in up country by my parents am a first born of four. Just like any other child I was taken to school where I went through primary and secondary education. While going to school, I used to help my parents with domestic activities. My parent practiced mixed farming and I helped in rearing cattle at home. I was a helpful to my parents in bringing food to the table. The cash crop that involved coffee and tea helped us to pay school fees and other expenses. After completing the secondary school I joined a college and pursued a business course. In my career of business management, I did not succeed to secure a job even in the government or private sector. I opted to do manual job while staying with my uncle in town. I later started helping my uncle in his shop business where I got exposed to doing business. Later on my uncle moved to a new house and instead I offered to buy him the shop. My parents helped me to start the business that has thrived to a level of a mini supermarket. This is how I managed to start my own business and overcame all the odd to be a self employed and loving it. What is unique about the land I live is that people do help one another to grow socially. I would like my children to be well educated and grow healthy morally and socially. My unique hobby is visiting and helping orphans and destitute children and watching foot ball.
Thank you.
My Business
Thank you.
My business is purely selling products like food stuffs like maize & wheat flour, Rice, Bread, Milk, e.t.c, hygienic products like soaps, pampers Tissue papers, e.t.c, and many other general shop items. These goods are always on high since they are food stuffs like Maize floor is a stable food in my country making it an all time on demand. Others are supplement like rice wheat floor e.t.c.Life is about many things and hygiene goods become on demand. So I purely stock much of basic life needs that must be bought at any cost. I decided to choose this business simply because I am experienced businessman dealing with shop products and general goods. This is besides being a profession I love the job and it gives me a livelihood. My expenses are cost of buying the stock of almost every item that is fast moving for my daily customers, so cost of buying stock is one among others like rent electricity transport and security. My profit always goes towards reinvesting, meeting my family needs helping my parents and the needy and the locals.
Thank you.
Loan Proposal
Thank you Zidisha lenders, I have been good and working extremely hard to repay your loan and move up in my growth. Gone are days when we used to work only during the day. Our government has enabled most business people across the country to work 24 hours with improved security and streets lightings.
I have been taking advantage of the development to work extra time and increase in my profitability.
My next loan will again help me much and I was able to repay your loan and other things comfortably.
The following is the list of the products and items I will buy with the loan;
I will buy Rice at a cost of USD56.00,and Cooking fat at USD68.00
Also on the list was bought Sugar at USD50.00.
On the still is Milk and Eggs at USD35.00 also Cheese and butter at USD27.00.
I will also buy Bread and washing detergents all at a cost of USD30.00.
I will also add Soft drinks, tea leaves and Airtime all at a cost of USD48.00
more importantly will be Maize flour at USD40.00, and Candles at $12.00
My customers will be able to do shopping at on stopping point and find shop more affordable, cheap and well socked to their needs of everyday.
The good news is that my profit will shoot up to USD120.00 per day and this will be interesting to me and my business too.
I will be able to repay your loan on time and my mother will be well cared for as she is now old. I will enjoy doing my business as well as supporting my other siblings in education and food. My family wife and children will be able to get food and many other basic needs to grow healthier
I have been giving back to the society by contributing for the elderly people in our rehabilitation homes in our area.
I cannot be hidden my happiness for your great support and help with funds to invest in my business.
Thank you everyone.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$375.00
Date disbursed
Sep 4, 2016
Repayment status
Late
Projected term
64 months
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