More cereals to expand my foodstuff shop

Beth

Nairobi, Embakasi, Kenya

100% repaid

Entrepreneur

Name

Beth

Member since

February 2015

On-time repayments

161 installments  •  89%

About Me

Am Beth Nyambura Ndungu, was born in Muranga county, Kariuki sublimation. Am the fourth born in a family of seven. My parents were not well up and most of their income came from farming which wasn't much promising. Went to Mairungi primary school, and later Kamahuha girl's secondary school. Later I did a certificate in End at St. Claire college in Nairobi. After looking for a job without success for more than 2years. I decided to start a business of selling rice, soft drinks and bottled water.

My Business

I run a business in Tena estate, along Moi drive. The business entails sale of rice, soft drinks and bottled water. I decided to do this business because I felt that people must consume food, and also it fell within my budget. Have been doing this for the past 7 years and the business hasn't been doing very well owing to the expenses involved. These include paying the shop rent, utility bills, other operating costs like local authority permit and also I've to assist my husband with some domestic expenses. I am considering expanding my scope, and stock more cereals, have been doing this for the past 7 years and the business hasn't been doing very well owing to the expenses involved. These include paying the shop rent, utility bills, other operating costs like local authority permit and also I've to assist my husband with some domestic expenses. If the number of customers who ask whether am selling other cereals is anything to go by. I foresee a boost in business and this will relatively increase my profit. Though this requires a bit of more capital, this is the reason am requesting for a loan.

Loan Proposal

The loan am requesting is for expanding my business. From a rice and soft drinks shop to a full cereals shop, where one can get all cereals and flour. During the times we are living in today people have realized better diets and hence the increase in cereals consumption. This is the opportunity I want to take and transform my life and that of my family. This change will definitely impact on the returns and hence the profits shoots up significantly. I require about 100 dollars to begin with.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Apr 8, 2015

Repayment status

On Time

Projected term

7 weeks

Lenders

Paul Buchheit

Mountain View, United States

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