More stock of wines and spirit

Fredrick Ochieng

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Fredrick Ochieng

Member since

January 2016

On-time repayments

183 installments  •  65%

About Me

I was raised by my grandmother from a humble background after the death of my mum who passed away when I was eight years old. I passed through hardship but I was successful to get education which provided me with enough knowledge and skills to be an entrepreneur. I have been idenfying numerous business ideas and opportunities but have never been able to implement the idea due to Lack of funds. Out of my ideas, I decided to pick on wines and spirit business which is a very profitable business in our country.

My Business

As you may know, in our country about 60% in every area drinks regularly while about 40% drinks daily spending an average of kes 150 daily per person according to the recent research carried out by NACADA. The demand for wines and spirit has been so high in my shop that most of the time I usually run out of stock because I have been stocking insufficient stock due to lack of enough stock. I would like to add a stock of kes 150, 000 to cater for the high demand. This will ensure that I retain more customers and my sales volume will be high hence more profit. As a result, I will be able to repay all the loan on time

Loan Proposal

I will use the loan to increase my stock to avoid issues of running out of stock most of the time. I will be able to retain my customers, acquire new ones thus increasing my sales volume and more sales means more profit. I will reinvest the profit and donate some to children's home around me. I expect my profit to increase from kes 3500-7000 daily.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$449.88

Date disbursed

Jan 20, 2017

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $18.55

Lenders

Daniel

Brussels, Belgium

investor

Candiac, Canada

J

johan

Oslo, Norway

torelizer

Reggio Emilia, Italy

O

Oliver

Geneva, Switzerland

ErikN

Stockholm, Sweden

T

Tec69200

Jacksonville, United States

AndreaBravi

London, UK, Canada

R

rcmssr

Woodbury, United States

A

Aloha

Cologne, Germany

R

Roman

Barcelona, Spain

A

ashtanga99

Newport, United States

C

cyrilleberger

Gammalkil, Sweden

G

Goodwill

Oakland, United States

ads68

Melbourne, Australia

R

Rking

Eugene, United States

Bhayl

Stavanger, Norway

E

erogers

Vancouver, Canada

W

willemsenphilippe

Edegem, Belgium

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

K

kingcamo1095

Mountain Home, United States

Inspire

Calgary, Canada

E

E

Marin county, United States

A

anson

Alexandria, United States

D

dbuksh

United States

sderickson

Berkeley, CA, United States

jonnyhj

Stockholm, Sweden

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

adrianz

United States

SuperMario28

Cudahy, United States

Kyle Hoback

Omaha, United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

E

Erich

Zurich, Switzerland

E

erica

antwerpen, Belgium

JD

Jeff DePree

United States

Oliver Hasenberg

Iserlohn, Germany

PG

Paul Graham

United States

MS

Mark S Yourek

United States

Christopher Hey

Sudbury, Canada

L

LK

United States

DK

Danny Kelly

United States

SB

Sue Bucholz

Sacramento, United States

Mary

Germany

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

V

VJ

Canberra, Australia

PC

Peter Cordier

United States

HCPSPIRIT

Helsinki, Finland

KA

Khaled Asmri

Saudi Arabia

BB

Ben Breen

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

JS

jackson silvey

United Kingdom

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