More stock for my retail shop

Beth

Nairobi, Embakasi, Kenya

100% repaid

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How it Works

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

Hello Lenders, now that I've got a new refrigerator, I need to get some more stock in terms of bottled water and other soft drinks. Am looking forward to buy different types of bottled water @$250, Coca-Cola drinks @$200, other soft drinks @183, and some assorted snacks and cakes @180. This adds up to @813. With these items my business will be up and running, this will benefit me and my family who get assistance from the business. Am also looking forward to hire an assistant who will also benefit from the business. This I project will push my profit by about 20%. Once again I thank you all.