Purchase of more stock for my business
Simon
Kianjoya Village, Kenya
10% repaid
Entrepreneur
Name
Simon
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.
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
$434.00
Date disbursed
Oct 21, 2017
Repayment status
Late
Projected term
50 months
Other loans
Lenders
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Ask Simon a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
James Oct 14, 2017
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