Rice, wheat flour, fish and drinks for my restaurant

Eunice

Kilifi, Kenya

47% repaid

Entrepreneur

Name

Eunice

Member since

July 2018

On-time repayments

4 installments  •  50%

About Me

I was born in a small village called Kirima. Kirima is located in Nakuru county. I went to Kirima Primary school and later I proceeded to kilima secondary school.
After my High school i got a job in Nakuru lodge where I served in the department of house keeping. While I was in Nakuru lodge, I used to save every month 20% of my salary every month.
After 17 years of working I decided to start my business of food retail so I opened a cereal and grocery shop here in the coastal region. The unique thing about the coastal culture is, people don't do farming and therefore they buy food on daily basis which makes their land a unique place to venture in this business of food retail.
I have 2 kids both are still learning and it is their wish when they grow up to became a doctor and a professor.
One of my unique hobbies is visiting different destination where I can also identify a business niche.

My Business

I run a cereal and grocery shop in the coastal region the business include; selling maize floor, wheat floor, rice, sugar, tomatoes beans and peas, maize tomatoes cabbages fruits, cooking oil, onions , garlic, and potatoes.
All these goods that I have mentioned above are always in demand here in the coastal region simply because; people in this region don't do any form of agricultural activities and therefore buying food on daily basis is a must.
The cost of this business is $1200 and the revenue ranges from $170 - $250 in two weeks.
I use my profit to add on my inventory and also to pay for my children's school fees.

Loan Proposal

I will use my loan to add on my shop inventory which includes; maize flour that will cost $10, and Rice with amount to upto $50.
The benefits that I will have once I receive the loan is; though the introduction of those to customers will add my profit and also save my customers time of wondering around of where to by them.
The profit that I expect to gain after buying and selling these items is $12 for both which I this is a great deal for me as I continue to expand m business with your services.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.00

Date disbursed

Aug 28, 2018

Repayment status

Late

Projected term

2 weeks

Other loans

Lenders

Mike and Jacqui

United Kingdom

I

Ivan

New York, United States

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