Opening a kibanda[vegetables and grocery shop]
David
Kiambu, Kenya
100% repaid
Entrepreneur
Name
David
Member since
July 2015
On-time repayments
211 installments • 87%
About Me
I David gichara, am very hardworking and interesting and Am a simple person by nuture. my childhood was okay l cant complain . l finished high school in year 2006 after that l joined college to pursue accounts but l dropped out because of luck of funds. l have been working really hard too make progress in life l done alot of casual jobs to sustain my self .
for now l have not yet started my business but am saving to start. our land here is beautiful . we have a rich culture which is passed on from generation to another. am not married but in future l will. l love watching movies and reading
My Business
Am planning to start transport services (boda boda business) . l want buy a motorcycle which will cost me ksh. 90,000 ($900) but l have already saved half it is ksh.45,009 ($450) .
Transport services in our county is a booming business, and providing boda boda services which are more faster and efficient and can not be held in traffic jam for long and can access roads which vehicles cant access due to poor road networks. this gap is an opportunity to make profits and lender services .
l chose this venture due various factors, l saw the the gap which was there and the maintenance of the motorcycle is not high and it has a ready market
Loan Proposal
am planning to open a small kibanda where l will be selling vegetables like kales, cabbages, carrots etc and groceries etc
ksh.2000($20) will pay rent for a place am starting the business and Ksh. 1500($15) will pay business permit and ksh.500($5) will pay for health permit. ksh. 8000($80) will buy vegetables and ksh.7000 will buy groceries.
this business will create cash flow for me and market for nearby farmers.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$196.00
Date disbursed
Feb 27, 2017
Repayment status
On Time
Projected term
21 months
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