Shop expansion

Benson Njoroge

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Benson Njoroge

Member since

May 2015

On-time repayments

246 installments  •  72%

About Me

My story in childhood is that i was able to join kim's kindergarten which was just opposite our home later i joined mirangine primary school. after that i joined mikeu secondary school and the grade that i got could not help me to join university. i started hustling up and down looking for better life.through all this process i meet many difficulties that i almost loosed hope and i had to go back home and started small scale farming and little by little i found that i could make it. that season i had planted maize and it did well that i was able to get 309$ which i moved with them to start a shop in nakuru-langa langa.

My Business

My business is currently doing good cause the products that i deals with have to be consumed each and everyday. my shop deals with home basic needs that is; sugar, bar soaps, cooking fat, all types of detergent,flour, soft drinks but though its small i hope to expand it in future.
the cost of my business are;
rent=82$
license per year is 123$
all product cost is 500$
my daily need 3$ my monthly income is 144$
total profit 59$

Loan Proposal

Hi lenders,I hereby would like first to thank you for the great support all through. my business has grown wonderfully since i have increased sales per day. customer are now flowing due to quality products in my shop. am now planning to increase my stock on goods that are flowing and the new brands like millet, dry peas. wheat grains and add on rice, cooking oil and fats, sugar, bar soaps, tea, maize flour and other brands. the above items are in much demand that's why I need to add on them to provide more quality services to my customer. the cost on the products are: sugar 50kg @60$, cooking oil 40 litres @ 80$, fats 5 cartons @60, bar soap 5 cartons @72$, tea 10 bags @ 40$, maize four 150kg @ 75$, finger millet 90Kg @80$, Dry peas [email protected]$ and wheat flour 69kg @ 41$. By buying the above products i will be able to meet all my customers demands and also increase my daily profit. i expect my profit to increase by 50% which will allow me to pay back my loan, increase my living standards and save. thank you much in advance for the grant of my loan in time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$543.24

Date disbursed

Oct 21, 2017

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Service fee: $22.79

Lenders

ads68

Melbourne, Australia

S

Sven

Netherlands

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

W

wgibson86

United States

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