Loan to increase stocks

Christine

Meru, Kenya

46% repaid

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How it Works

Entrepreneur

Name

Christine

Member since

November 2014

On-time repayments

29 installments • 45%

About Me

My name is Christine Njeru, a 2nd last born in a family of 9 siblings. I was born in Embu County in Kenya where I grew up from and schooled up to Standard eight then proceeded to high school in Nairobi County. After high School I joined kenya Polytechnic where I undertook a Diploma Course in Sales and Marketing.

After my course completion I got a job with a Media house as a sales lady and later I got married and relocated to Meru County together with my husband who was posted there by the company he works for.

We have a daughter who is turning 3 years in January.

My Business

I am a distributor of Forever Living Products (health products, body care products, nutritional supplements and bee products) though doing it in small scale.

Forever Living Products are popular locally as they are reputed to treat/remedy many health problems, in addition to serving as food supplements.

Due to growth in demand of these products and my limited working capital, I'm currently not able to meet the demand of my customers who need more products .

I currently make a profit of about $ 25 per week which I intend to use some of it to do my weekly loan repayments once granted the loan and continue ploughing back the rest of the profit into the business.

I am therefore seeking a $ 100 loan to increase stocks and meet the demand.

Loan Proposal

I kindly request for a loan of $ 100. Once granted this amount, I will use $ 50 to buy two (1 litre@) cans of Aloe Gel, $ 25 will buy 4 Aloe tooth gels and I will top up the remaining $ 25 in order to buy three forever kids supplements.

I have orders for these products but do not have them in my current stock since I have been buying few stocks due to financial constraints but the demand for these products seems to be growing quite fast.