Rice & beans for grocery shop

Kennedy

Rarieda, Kenya

100% repaid

Entrepreneur

Name

Kennedy

Member since

December 2016

On-time repayments

5 installments  •  60%

About Me

Introduce yourself to lenders.I went ndwara primary school kcpe 2001,ndigwa sec. school kcse 2005, maseno university graduation 2011.through struggle and perseverance I went through to the whole Kenyan system of education though an orphan. from commercial weeding with a mere shs.5000 I started my business in 2010 while at college. the land around here is very good with production of sukuma wiki , onions and tomatoes. the people around here really love their cultivated and are hardworking. my children mostly say they want to be business consultants when they grow up. one day I went out swimming with the family members but had a very chilling experience, the crocodile almost took my wife!

My Business

Describe your business or income source.I sell beans, green grams,groundnuts and maize.I find that as prices of fish and omena go high, more people resort to these grains as alternative meals making demand to go high. grains are less perishable yield better returns.250 a tin of beans, 300 a tin of greengrams, 350 a tin of groundnuts and 80 a tin of maize. sales range between 5000-10000 during the peak seasons and 3000-5000 during other seasons. I have plans of growing my business to the next level so majorly I plough back the profits from sales.

Loan Proposal

Describe what you will do with the loan.increase my stock. to purchase two tons of beans @ us dollar 1.80 making at a profit of us dollars 0.70. next purchase will be around 3 tins making a better profit.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Dec 20, 2016

Repayment status

On Time

Projected term

3 weeks

Other loans

Lenders

David McLauchlan

Seattle, United States

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

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