Loan to expand my grocery

Jane

Nairobi, Kenya

30% repaid

Entrepreneur

Name

Jane

Member since

August 2016

On-time repayments

123 installments  •  11%

About Me

am single mother of 3 children 2 girls and 1 boy who are both schooling in primary school at double vision academy at pipeline.I am self employed and i do sell vegetables and fruits since am not employed as i did not manage to continue with my education due to lack of school fees which made me to drop out of school while in class seven.my husband passed away after the bus he was traveling exploded with a grenade by terrorist in 2013.i used a small amount i got through my church support to start my small business which improved and has helped me to raise my children and take them to school.since most people in my area are social and religious,they have been of great help and support since i lost my husband. i would like my children to become doctors,and soldiers when they grow up in order to help the society.i like meeting new friends and singing in church.

My Business

i sell vegetables,fruits and charcoal in my stall for my customers. i chose this business due to its demand in my area as this goods are basic needs for all people throughout their life.since my business location is located at a populated area i always make good selling in a day and earn a good profit.i spend $20 in a day to buy my stock which gives me a profit of over 45%which i spend to pay school fees,rent,growing my business and home improvement as am the only one to provide for my family.

Loan Proposal

i will use my loan to add more stock in my grocery to enable it to expand and change my life.for this reason i will use $50 to renovate my stall to make it more decent and attractive to my customers in order to attract more customers.i will use $30 to buy different types of fruits like mangoes,pineapples,oranges,pawpaws,water melons and bananas. i will use $20 to buy i create of tomatoes and $1.9 to buy vegetables like sukuma wiki, kienyeji,cabbages,spinach and peppers.this will help my business to expand and my profit will increase by over 45% which will help me to cater for my family basic needs.thank you all and be blessed.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$121.00

Date disbursed

Oct 31, 2016

Repayment status

Late

Projected term

27 months

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