Entrepreneur
Name
Juma
Member since
January 2015
On-time repayments
72 installments • 54%
About Me
Am the eldest child in a family of three kids and a single mother. we were raised from a poor family but with a very humble background.My two brothers are in high school and i am college graduate with a certificate in food and beverage production.my mother and i have encountered so many challenges towards meeting our day to day needs including the school fees issues and other domestics issues but thanks to the almighty God who has showered our efforts with blessings. I do own a food retail shop that have been operating for almost a year and offwhich i opened it from the little savings that i had from my previous employment.Actually balancing the little income that i do earn with my personal goals and domestic issues that must be met is one of the greatest challenges that is still trying to overcome
My Business
My retail shop deals with household stuff and foodstuff that are one of the essentials commodity in human life.Due to the low numbers of shops dealing with that line of business and the dense population in my area whose demand can not be wholly met by the few retail shops provided a good business opportunity to me.Besides the the two reasons mentioned above,also the cost of operating a retail shop is much more cheaper as compared to other types of business and the probability of the business providing a reasonable income is much more higher because i believe human beings cannot survive without essential commodity.In the operation of the business the cost that that operates and sustain it include:rental expenses,electricity expenses, security expenses and other indirect expenses that all totals up to ksh 5000
Loan Proposal
For the retail shop to meet the high demand of the household stuffs and foodstuffs,the shop need to have adequate stock and therefore all the amount will be channelled towards purchase of more stock and also addition other variety of commodities and by the this shortages of product will be arrested and the demands of the customers will be met which in return will provide a strong clientele base and create a reputation to my shop.The addition of stock to my retail shop will increase the profit by probably us dollar 40
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 3, 2015
Repayment status
On Time
Projected term
3 months
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