Purchase new bicycle to help supply my products
Isaac
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Isaac
Member since
January 2015
On-time repayments
238 installments • 30%
About Me
My name is Isaac Muthiani.I come from kilimabogo Division.I come from a family of six and i am the 5th born.I completed my secondary school education in the year 2007.In the year 2008,i traveled to the Nairobi to look for a job since my family did not have money to pay for my college fee.After a long struggle of looking job in vain, i got the idea of starting a business of distributing snacks to supermarkets using a bicycle.I did not have enough money to start the business but by good luck my brother offered to give me a bicycle to start the business.At the start,the business had lots of challenges since i had to market my products.But now,it is well established and i don't struggle in marketing .In the year 2012,i got married and i was blessed with a baby girl who is 3 years now.i would like to see my girl grow and become a prominent person in our nation.During my free time i like taking my young girl for a nature walk.
My Business
Thank you for the opportunity again. My business is majorly supplying snacks in supermarkets and shops.i have been in the business for at least 5 years. These goods are fast moving since many people in our country prefer them for breakfast.These products include breads,cakes,biscuits among other snacks.I choose to do this kind of business because the market was available and unexploited by many in the country.Many people do not prefer to this of business since its much involving.In a day, i manage to sell goods worth 225 dollars.Out of this sales, i get an average profit of 55 dollars.Since i sell on credit,that is payments are collected the following day,i use this profit to buy stock and use the remaining in pay school fees for my daughter and also pay bills for my house. This has seen me grow my business since the year 2008 up to day.
Loan Proposal
Thank you for the opportunity again. I am planning to acquire a new bicycle with this loan. The current bicycle which i am using has served me for the longest period ever and it has become worn out and needs to be replaced. As a serious, one way of marketing you products is to be smart in all ways. I really feel my current bicycle is totally letting me down and also i use alot of effort when cycling to distribute my products.
Once i acquire the bicycle, i will be able to deliver my goods to the clients in time and also i will use less effort hence won't be much tired at the end of the day.
Also this will help me increase my customer base since i will be using less time moving from one shop to another.
This will lead to an increased profit of atleast 30%
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Loan Info
Project Type
Classic Loan
Disbursed amount
$95.00
Date disbursed
Jun 22, 2015
Repayment status
On Time
Projected term
3 months
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