Loan to fund my retail shops

Gift

Budenge, Kenya

100% repaid

Entrepreneur

Name

Gift

Member since

July 2016

On-time repayments

69 installments  •  86%

About Me

I am 37 old kenyan from busia county,Samia sub county,Nanguba location,Bujwanga sub location,Budenge village. I am a third born in a seven children family.I went to Namasali primary school. St Paul's Amukura high school, and then Makerere university where i studied Mass communication.I am currently working as afield officer at Innovations for poverty action as afield officer.due to life challanges i decided to start a retail shop to increase my income.

My Business

i run a retail shop just next to where i stay. it is doing well,thanks to the availability of customers.i sell mainly foodstuff including bread,sugar,milk,salt and other foodstuffs .in a month i get revenue of 3000 dollars and a profit 500 dollars.i really love my shop and sometimes when i am free i spend sometime serving my customers.most of the time my business is attended to by my spouse and i feel this gives her employment something that is very rare to find in my locality.

Loan Proposal

I intend to use the loan to buy extra packets of sweet s for my business.I will buy 1 packet of sweet s at 0.75 dollars and resale it at 1.25 dollars.I will manage to get 0.5 dollars from each packet .This will increase my weekly profit level to 3.5 dollars. This help my business grow.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$7.00

Date disbursed

Oct 6, 2017

Repayment status

On Time

Projected term

7 weeks

Lenders

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Kevin

United States

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