Shop renovation and stock expansion

Juma Ramadhan

Nairobi Kenya, Kenya

100% repaid

Entrepreneur

Name

Juma Ramadhan

Member since

January 2015

On-time repayments

72 installments  •  54%

About Me

Am the eldest child in a family of three kids and a single mother. we were raised from a poor family but with a very humble background.My two brothers are in high school and i am college graduate with a certificate in food and beverage production.my mother and i have encountered so many challenges towards meeting our day to day needs including the school fees issues and other domestics issues but thanks to the almighty God who has showered our efforts with blessings. I do own a food retail shop that have been operating for almost a year and offwhich i opened it from the little savings that i had from my previous employment.Actually balancing the little income that i do earn with my personal goals and domestic issues that must be met is one of the greatest challenges that is still trying to overcome

My Business

My retail shop deals with household stuff and foodstuff that are one of the essentials commodity in human life.Due to the low numbers of shops dealing with that line of business and the dense population in my area whose demand can not be wholly met by the few retail shops provided a good business opportunity to me.Besides the the two reasons mentioned above,also the cost of operating a retail shop is much more cheaper as compared to other types of business and the probability of the business providing a reasonable income is much more higher because i believe human beings cannot survive without essential commodity.In the operation of the business the cost that that operates and sustain it include:rental expenses,electricity expenses, security expenses and other indirect expenses that all totals up to ksh 5000

Loan Proposal

Having earned a reputation, my shops need some changes to be done to it which will make it more presentable to the customers and also that will assist in accommodating more stock.to achieve all this there are some major renovations that needs to be done to it. For instances the shop walls has to be painted both internally and externally,also i have to add more shelves to the shop to accommodate more stock .Besides doing the renovation i also need to add more stock to increase the business income and expand the business stock.120 dollars of the loan will be used in renovating the shop and the rest of the amount together with my savings will be used in buying more stock.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$190.00

Date disbursed

Jun 11, 2015

Repayment status

On Time

Projected term

4 months

Lenders

JonasG

Cologne, Germany

E

erozlum

Istanbul, Turkey

A

andyfletcher

I want my "My loans" page back, Qatar

R

rhc2104

Burlingame, United States

DeanDropshot

Oslo, Norway

Zidisha

Sterling, United States

H

HappythroughHelp

Torrance, United States

B

bentst

Kongsberg, Norway

HansLindgren

Uppsala, Sweden

HE

help each other

Glasgow, United Kingdom

D

Dadiolafs

Vestmannaeyjar, Iceland

M

michaelangers

Toronto, Canada

J

JKorevaar

Springfield, Canada

J

Jopar

Corroios, Portugal

Muslim

Riyadh, Saudi Arabia

C

caz32

chertsey, United Kingdom

Zal0m0n

Atlantis!!!! x), Mauritania

B

Bokolo

Leeds, United Kingdom

mohita

delhi, India

P

PaddyP

athenry, Ireland

O

osterqvist

Linköping, Sweden

xtrahardware

Cazenovia, United States

TuveTheDog

Helsinki, Finland

M

Madone52

Brisbane, Australia

B

boingrid

Norrköping, Sweden

DJBic

Clinton, United States

G

GoCO

Golden, Co, United States

L

Lennert

Alphen aan den Rijn, Netherlands

B

bwitt

Berkeley, United States

G

GanSatya

United States

D

dcb1987

Chicago, United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

J

janakan

Hong Kong, Hong Kong

pvilliger

Zurich, Switzerland

H

HoseB

San Francisco, United States

Matching Fund

Sterling, United States

T

Tritlo

Reykjavik, Iceland

M

microlender

United States

A

adildzhalilov

United States

cc5alive

Los Angeles, United States

R

Rootdet

Fairfax, United States

ColinHicks

Chichester, United Kingdom

L

lenders

United States

M

meric

Australia

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