Loan to increase stock

Lilian Mbogwa

Ruiru, Kenya

88% repaid

Entrepreneur

Name

Lilian Mbogwa

Member since

February 2015

On-time repayments

34 installments  •  65%

About Me

Am a lastborn in a family of six, a sales agent at African Finance Business, a diploma holder in hotel and hospitality and a green grocer owner.
My childhood was largely a quite affair, though fullfilling.
My biggest dream was always to venture into business.
From funds borrowed from family members and friends, I was able to start up a green grocer.
Growing up in a family and region which relies on farming inspired me to look around for opportunities which i could harness from farming.
Starting a green grocer was the result of this.
My hobby has always been cooking

My Business

My business involves retailing fruits and vegetables.
Food being a basic commodity means that my products are always in demand.
I chose to venture into this business because foodstuffs are always in demand irregardless of the season.
My typical costs include:
Rent- $62.5
Wages for my sales girl-$87.5
While my business generates an income of $250.
I usually re- invest most of the profits into the business.

Loan Proposal

With this loan i will increase my stock from $250 to $325.

This loan will increase my business profitablity by atleast 25%.
This represents a profit margin increase by $62.5

As a result customers will now be able to find additional supplies and variety.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.33

Date disbursed

Mar 5, 2015

Repayment status

Late

Projected term

8 months

Cost to entrepreneur

Service fee: $2.59

Lilian opted to pay $16.61 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

J

Jason

New Jersey, United States

T

Tallago3

Munich, Germany

Zidisha

Sterling, United States

eaganlender

Kalamazoo, United States

K

Klemens

M, Germany

R

rohbear

asheville, United States

L

LenoMetus

Perth, Australia

B

Badass78camaro

Mohnton, Pa, United States

trincowski

Vilar, Vila do Conde, Portugal

K

KRose

United States

C

cathyu2crazy

United States

smastermind

Jerusalem, Israel

E

ewaters1

Australia

SimonD

Lincoln, Uk, United Kingdom

E

expatri

United States

L

Linda

United States

S

simonthompson99

United Kingdom

S

Sophia20450

United States

N

NorCalLender

United States

J

JonAlec

United States

Grant Xavier Storer

Seattle, Wa, United States

H

Heath

United States

kiwiyan

Wellington, New Zealand

D

dh1423

United States

K

Kebrenagast

New York, United States

F

Foster

United Kingdom

B

bvp5105

United States

stephen sontag

Narragansett, United States

TM

Theo Mbise

Switzerland

Dominik Wagner

Karlsruhe, Germany

PT

Pattie Thomas

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Lilian a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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