Loan to increase stock

Lilian Mbogwa

Ruiru, Kenya

88% repaid

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How it Works

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.