Rice and maize for grocery shop

Edwin

Shanzu, Kenya

100% repaid

Entrepreneur

Name

Edwin

Member since

November 2016

On-time repayments

220 installments  •  66%

About Me

I am edwin owuor studied in upcountry from primary to secondary and joined mombasa polytechnic in the year 2001 till 2003 for diploma in accountancy thereafter i started running cereals shop at bombolulu but it went due to financing challenges and inexperience.I started running a shop again through challenges though through challenges untill now

My Business

I operate a retail shop where i sell goods that customers use on a day today like sugar,rice,maize flour etc which are o demand daily basis.I gotten used to selling fast goods from cereals shop and a more faster moving goods,i buy goods worth shs 5000 on a daily basis and sell between shs 6500 to 7000.I re invest most of it in business but there is need to expand the working capital to make more profits,i wanna buy a popcorn maker so as to diversify the business and make even more income

Loan Proposal

The rate of inflation in kenya is worrying coz prices of most essential commodities that i stock like maize flour,wheat flour,sugar,rice,milk,bread are always in the increase due to prolonged drought the country has witnessed over the past few months.I therefore urge my lenders to help raise the loan so as to avail stock.This will raise customer confidence in my store as a one stop centre where all there needs are always available,am thankful for the loans u have given me they really helped a lot.

Feedback

1

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  • Ahadi    May 5, 2017

    Edwin is a serious borrower.
    Repayment on time. ++++

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.00

Date disbursed

May 6, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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