New stock of avocados for my grocery shop

Anthony

Umoja 2 Nairobi, Kenya

100% repaid

Entrepreneur

Name

Anthony

Member since

October 2014

On-time repayments

242 installments  •  25%

About Me

I am a 49 years old father married with three children .professionally am an accountant previously employed in the formal sector,but quit one year ago to give business a try,I bought a small truck from my savings and opened a grocery shop which I run with my wife,I also operate as a transporter in Eastleigh area of nairobi.During my free time or rather my hobbies are philanthropy whereby I engage in a worldwide Bible education programme sponsored by Watchtower Bible and Tract society.

My Business

I operate a grocery ,where we sell all kinds of fruits I also offer transport services when am not delivering goods to my grocery.This Eastland part of Nairobi is densely populated and residents simply love fruits.
I would like to increase my stocks and diversify my products to make it a one stop shop.
We buy our products directly from farmers to maximize our margins.
I entirely depend on these two businesses to pay my bills.
My ultimate dream is to grow my grocery to May be a chain of supermarkets.

Loan Proposal

Now that the mango season is over,we are changing our products to avocados and bananas.A full bunch of banana at the farm is going for $2.00 whereas $1 will buy 45 pieces of avocados,this will give me very good margins because in Nairobi $1 can only buy 10 bananas.on the other hand $1 will buy 10 avocados.

Feedback

2

1

None

  • Erik G    Aug 20, 2020

    unfortunately does not look like Anthony will be paying off the final instalment on the loan?

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Loan Info

Project Type

Classic Loan

Disbursed amount

$97.00

Date disbursed

Apr 6, 2015

Repayment status

On Time

Projected term

6 months

Lenders

T

thebonseung

Republic of Korea

Paul Buchheit

Mountain View, United States

C

ColoradoSkier

Denver, United States

MW

Matt Willis

United States

Paul

Seattle, United States

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