Shop inventories and groceries stock increment
Saphan
Nakuru, Kenya
100% paid forward
Entrepreneur
Name
Saphan
Member since
November 2013
On-time repayments
82 installments • 65%
About Me
I'm Saphan Ochieng Ongonga son of George Ongonga.Im 33 years of age and still single.I was born and raised in Kisumu District Kombewa Division Konindo Village.
I'm holding certificate in Automotive Engineering .
Initially I was given funds to boost stocks in my shop, which I did but unfortunately my shop burnt up by fire which was caused by surge in electrical failure.
That really brought me down, I did have financial problems from that fateful day when my shop was burnt.
I thank God as at now is started a shop again which sells inventories,that is all shop items.
I also sell groceries that includes watermelon , pineapples,apples ,bananas and ovacados as at now.
Things are doing fairly with me.
My Business
I from my basic salary i earn KES 43000 per month and from the business i get up to KES 15000 after deducting all expense so all this source of income can either be used to repay the loan.
I deal with shop inventories as I stated earlier and groceries in which I yield good profits.
The demand is there because of the people residing around nanyuki need this commodities as they are basic.I have more and potential customers because of relation to them and i do not sell at higher prices as others around.
The business is profitable because we buy in large quantity at a discounted price and resale at a profitable price.
What's more encouraging is that after all expenses deduction,I still realize a profit of ksh.15000 every week.
Project Proposal
My great proposal is to increase stock in my shop.
Stock bought in large quantities always leads to great profits after sales are made.
I have identified a very strategic point where I will expand my shop for only selling groceries and vegetables.
Funds am requesting will only be used in adding stock to my shop.
That all about my proposal which I know with time I will be updating the zidisha family.
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Project Info
Project Type
Pay It Forward
Disbursed amount
$37.00
Date disbursed
Sep 18, 2022
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Payments Forward
Amount returned to the platform for this project
$31.10
Pay It Forward Projects funded by Saphan
$599 (35 Projects)
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$18,980 (593 Projects)
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