Loan to buy flour, sugar, baking oil, and rice to sell in my shop

Kennedy

Kisumu, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Kennedy

Member since

March 2015

On-time repayments

113 installments • 36%

About Me

I am a Kenyan young man aged 22years old single and rooted from a family of four having two sisters and a brother. I learnt at Migosi primary school where I did my K.C.P.E and later joined Olembo boys high school where I did my K.C.S.E .
Currently am enrolled at The Kisumu Polytechnic where am taking a part time Diploma course Business Management where I attend my lectures in the evenings.

My Business

I started practicing business when I completed my Secondary education in 2013 where I operated my uncle’s retail shop for 5months then I started my own retail shop with the wages my uncle used to give me and summed up with some money my parents gave me. I operated my shop from 6.00am in the morning to 4.30pm. I close shortly to attend my lectures from 5.00pm to 7.00pm.I later open again by 7.20pm until 10.00pm.This makes my shop unique because I close late and open up very early. I also offer guddies to my customers who come to the shop with children therefore most children even come alone to the shop.I get between 3 to 4 US Dolars per day from sales of my food stuff and drinks.

Loan Proposal

the money will be used to buy bales of flour, sugar and rice 30, 25, 25 dollars respectively. This will enable me to acquire this essential commodities and sell the to my needy customers and get returns which help in the loan repayment and busting of my stock.since this is a business amy expectation is to have the profit to increase with about 4% from the previous month