Loan to increase stock for my green grocer
Otieno
Nairobi, Kenya
8% 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 $119
oranges worth $119
This enable the business to be able to fulfill more demands and also promote more healthy eating. Thereby boosting profit by 16%
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Loan Info
Project Type
Classic Loan
Disbursed amount
$249.00
Date disbursed
Dec 31, 2015
Repayment status
Late
Projected term
30 months
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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