Loan to increase fruits stock

Otieno

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Otieno

Member since

August 2015

On-time repayments

146 installments  •  18%

About Me

am a first born in a family of three, a diploma holder in food science and an owner of fresh fruits and soft drinks joint.
After unsuccesfully trying to find a job, i opted to start a business which has become my source of income.
i borrowed capital from my uncle in order to start which i was able to repay fully.
my land is full people with big dreams especially in business but lack of capital has hampered many.

My Business

My business entails selling fruits such as apples and soft drinks.
Fruits form a big part of diets of many people as such the market is huge hence i started this business to tap into this market.
My typical costs include;
rent- $80
electricity bill-$20
county licence-$30
My revenue usually averages $360
I usually plough back most of the profits into the business.

Loan Proposal

With this loan i shall purchase;
apples worth $53
oranges worth $10
This enable the business to be able to fulfill more demands and also promote more healthy eating.

I project an increase in profit by atleast 4% since part of the loan will go to the membership fees.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$125.00

Date disbursed

Aug 28, 2015

Repayment status

On Time

Projected term

14 months

Other loans

Lenders

PG

Paul Graham

United States

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