Rice, flour, sugar and sweets for retail shop

Stephen

Mutuatine, Kenya

100% repaid

Entrepreneur

Name

Stephen

Member since

April 2018

On-time repayments

6 installments  •  50%

About Me

I was brought up in Meru County ,from a poor background.I worked hard in school to make sure i made best use of the opportunity i got. I received sponsorship for my studies from well wishers. I am studying in the University, with determination and business minded. Handwork ,persistence and determination has helped me a lot in overcoming challenges i face in life. I started my business from my pocket money in order to raise money for my upkeep.

My Business

My business is running a small retail shop in the market next to the university. The high student population is my target. I was motivated to start the retail shop because of the high demand of basic commodities. The basic costs i face is rent for the premises,labour for the person who runs the shop when am attending classes, cost of buying stock. The small profit i realize i use for my upkeep in school and supporting my siblings.

Loan Proposal

I will buy more goods such as sugar, rice, flour and different types of sweets in a whole sale prices from the wholesaler to increase on my stock in order to help me make more profit and pay back the loan i requested. It will help me pay the shopkeeper who i normally leave to help me run the shop when i attended the lectures since i am a student who ventured into the business after getting ideas from my studies and decided to start one so has to help me get some cash for my upkeep while in school.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

May 10, 2018

Repayment status

On Time

Projected term

1 week

Lenders

RM

Roddy Murray

United Kingdom

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