Purchase of more stock for my business

Simon Ngethe

Kianjoya Village, Kenya

10% repaid

Entrepreneur

Name

Simon Ngethe

Member since

April 2013

On-time repayments

171 installments  •  72%

About Me

I am a small-scale retailer and a part-time teacher at Mugaa Secondary School. I sell basic household things such as sugar, flour, salt, tea, etc. My business on average generates KShs 5,000 ($48 USD) in profit. I wish to expand the business so that it generates more profit to support my family. I get my stock from Nakuru town. We run this business with my wife, who attends to customers when I am teaching. My goal is to have a large shop so that I satisfy my customers and support my family.

During my free time, I like travelling and visiting places, listening to music, and watching movies. I have attended and completed college, but I have not yet gotten a meaningful job because there are few jobs in Kenya.

My Business

My shop is located in Kianjoya Shopping Centre, just adjacent to Kianjoya Primary School. I combine my small salary from teaching and the profit I generate from the business to support both my family and my younger siblings. My parents are old and rely on me and my other elder sister, who is married and lives far away. So I do not really manage to save a lot, but if I get a loan, I believe I will increase the stock so that I can get more profit to support my family accordingly. The more I expand the business, the more customers I will get and retain. I want my business to be stable and growing. In the future, I hope I can expand the business to even become a wholesaler.

Loan Proposal

I would like to purchase more stock for my retail shop. As we head to the festive season of December holiday i would like to increase the most demanded commodities during that period. This commodities are as listed below together with their prices:
Wheat flour..........480kgs.......US $100
Cooking fat...........60kgs.........US $80
Sodas................5 crates............US $100
Sugar................500kgs............US $ 200
Salt.................20kgs.................US $ 20
Together with the little savings I will add and make the purchase. Thanks in advance.

Show original English  

About Me

I am a small scale retailer and a part time teacher at Mugaa Secondary School. I sell basic household things such as sugar, floor, salt, tea, etc. My business on average generates Kshs 5,000 profit. I wish to expand the business so that it generates more profit to support my family. I get my stock from Nakuru town. We run this business with my wife who attends to customers when I am teaching. My goal is to have a large shop so that I satisfy my customers and support my family. During my free time, I like travelling and visiting places , listening to music, and watching movies. I have attended college and completed but i have not yet gotten a meaningful job because there are few jobs in Kenya.

My Business

My shop is located in Kianjoya Shopping Centre just adjacent to Kianjoya Primary School. I combine my small salary from teaching job and the profit i generate from the business to support both my family and my younger siblings. My parents are old and rely on me and my other elder sister who is married far away. So i do not really manage to save a lot but if I get a loan, I believe I will increase the stock so that I can get more profit to support my family accordingly. The more I expand the business the more customer I will get and retain. I want my business to be stable and growing. in future, I hope I can expand the business to even become a wholesaler.

Loan Proposal

I would like to purchase more stock for my retail shop. As we head to the festive season of December holiday i would like to increase the most demanded commodities during that period. This commodities are as listed below together with their prices:
Wheat flour..........480kgs.......US $100
Cooking fat...........60kgs.........US $80
Sodas................5 crates............US $100
Sugar................500kgs............US $ 200
Salt.................20kgs.................US $ 20
Together with the little savings I will add and make the purchase. Thanks in advance.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$433.17

Date disbursed

Oct 21, 2017

Repayment status

Late

Projected term

50 months

Cost to entrepreneur

Service fee: $18.17

Lenders

G

guenter

Bremen, Germany

ads68

Melbourne, Australia

PG

Paul Graham

United States

Stephan W

Witten, Germany

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

Daveycee

The Hague, Netherlands

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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