Restocking of my grocery shop

Sammy Muluvi

Roadblock-eldoret, Kenya

100% repaid

Entrepreneur

Name

Sammy Muluvi

Member since

June 2015

On-time repayments

312 installments  •  88%

About Me

I was born in Roadblock village of Eldoret North,Uasin Gishu County 25 years ago.I grew up with a vision and greater ambitions of becoming a lawyer so as i advocate and lobby for the disadvantage in our society as a country as well as Africa.But wait,what happen to this great dream?.I started my primary education and completed my class eight with a certificate of kenya primary school education.(KCPE).In 2007,I join a local secondary school where i worked both hard and smart so as tl realize my dream of becoming a lawyer.In 2010 I completed my secondary school and passed with a mean grade of B(plain) but could not join university due to financial constraints.Instead I decided to become an entreprenuer doing a business of selling polythene bags in Eldoret market.After two years of saving,Ihad enough to start my own Glossary in Edoret,where i sell fruits and vegetables.

My Business

As I have fore mentioned already in my profile,I currently sell fruits and vegetables (glossary).Currently Eldoret town being the headquarters of Uasin Gishu County.This has attracted many people into the town who engage in various activities and at the end of the day they pass through my kiosk to buy some fruits and vegetables.This has made it worthwhile to sell my vegetables at a friendly prices which makes them to go faster.After restocking my business using the 1st loan I secured from Zidisha my current business is worth 150 dollars.This has given me morale even to expand further my business since am currently competing favorably in the market economy.And in that I say thanks to zidisha for the great financial support you gave me.To speak I have made a net profit of 130 dollars within my five months of operation after I received my first loan. I anticipate that these will grow up to at least 160 dollars profit.The profit obtained I have been using it to support my siblings and this anticipated profit I will continue to dive support to my siblings and pay university fees next year to do a business course.

Loan Proposal

Dear leaders as underscored above,I have some savings from my previous selling of polythene bags which enabled me to start and recast the current business. I therefore need to add especially our African or traditional vegetables commonly known as 'Kienyeji' vegetables which are mostly liked by many Kenyans because veges are used as medicine to treat and prevent various diseases.Therefore all the monies raised here,I will add to the savings I have so that I can order and purchase a comprensive stock of kienyeji vegetables that can go a long way in earning me huge profits,since such vegetables has offlet become a hotcake on our town. From what I am anticipating,I can get a profit of up to 8000 on a daily basis but am giving it a grace period of two weeks to gain ground. In summary all the 100dollars that I will raise here will all go to restocking of my grocery kiosk. Kindly help me achieve it.

Feedback

2

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  • BernadetteV    May 30, 2020

    I’m happy to support Sammy who works hard and repaid all his previous loans.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.52

Date disbursed

Jul 14, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $4.98

Upon joining Zidisha, Sammy paid a lifetime membership fee of $8.73.

Sammy opted to pay $26.19 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

PG

Paul Graham

United States

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