Maize stock and cereals for my grocery shop

Stacy Mugo

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Stacy Mugo

Member since

December 2015

On-time repayments

104 installments  •  39%

About Me

My name is Stacy Mugo and I come from Eldoret Kenya Est Africa.
I was was born in the year 1980 in Eldoret and I attended The schools as follows ,
From the year 1986 to the year 1993 at Kimalel Primary School.
and from the year 1994 to 1997 at wareng High School in Eldoret an in Uasin Gishu County of Rift Valley Province in the republic of Kenya.

After my high school studies I started a small business of grocery in the same town.
of which afterward I joined the college to study community development then latter Business management .
I started my own business from my own savings which am doing to date which is Posho mill (milling machine) and grocery.
The unique thing in my culture where am coming from is that Ladies are not considered when it comes to Education and property inheritance.
I am married with 4 kids ,Three girls and one boy, and one of them want to Engineer ,one Nurse , researcher, a Doctor.
My unique hobby is Singing Gospel music in my free time and Children.

My Business

I provide grinding flour fr customers and also selling cereals to them.
These goods and services are so important in that many Kenyans eats Ugali( Local bread) therefore this services are so much important in this region and more especially to my customers.
I chose this kind of Business because the place where I live there is demand for the same and because I was interested in serving the people in my local community.
My typical cost and revenue is 45000KES.

This is how I use my profit I get from my Business
1.School fees for my children 5000
2.Reinvestment in growing the business =10,000KES
3.Home improvement =10000KES
4.Church activities and others 5,000KES
5.house rent 5000
when given this loan amount i will be faithful in repaying the same.

Loan Proposal

After receiving my loan am planning to improve my stock by purchasing maize 7 bags at 2600/= each bag thus 18200/=
Beans 1 bag at 6000/=
Rice 1/2 sack at 2300/=
This will help me maintain my customers and make more profit.
The profit will be used for children academic needs and family up keeps .
My business if well managed will give me a double profit of about 13000/=

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$262.09

Date disbursed

Jan 20, 2018

Repayment status

On Time

Projected term

26 months

Cost to entrepreneur

Service fee: $11.60

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ZS

Zach Silveira

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HB

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JL

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J

John

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