Retail shop

Wilfred Okoth

Burumba, Kenya

100% repaid

Entrepreneur

Name

Wilfred Okoth

Location

Burumba, Kenya

On-time repayments

190 weekly installments  •  99%

About Me

Am wilfred okoth from busia county to be precise burumba area. We grew up in the same area as siblings and now used to the area. am currently running a small shop to earn a living, this was generated from small savings that were saved after being employed in a certain car wash. It is very exciting where i live as many youths don't indulge in idling, they are work oriented,I have been blessed with two daughters of which one when she grows up she wants to be a dentist and the other one is not of school going age. Love being occupied with some thing to do, i hate half baked jobs (work.)

My Business

As described a above i run some small retail shop in my area. i sell things like floor, cooking oil,salads, match boxes , just to mention but a few. i chose this type of business because of the nature of savings i had gunnered from my previous job(car wash).i use my profits partly to expand my business and also for my family's up keep.

Loan Proposal

I will increase my stock, i will buy things like 2 bales of flour that will cost$25, this will enable consumers to have maximum supply of goods. since with shops the profit margin is not all that big i expect a profit margin of $35.

My Videos

Sep 12, 2021: Retail shop

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$25.89

Date disbursed

Apr 27, 2017

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: 5% of $25.89 = $1.16

Lenders

Paul Buchheit

Mountain View, United States

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