Stock of cold drinks for my shop

Simeon

Githurai Progress, Kenya

43% repaid

Entrepreneur

Name

Simeon

Member since

April 2013

On-time repayments

62 installments  •  60%

About Me

I am 36 years old, married and blessed with 2 children. I have a five year old daughter called Abigael and I am holding my young son James in my profile photo. I successfully completed my secondary education and later did training in phone repair. I later started an electronic business which deals with selling & repair of phones but I have now closed this business to work with my wife in a general store. With the profit from the store we support ourselves and our children and we try to assist our younger siblings with high school fees.

My Business

My wife Shillah and I are working in a general store in Githurai Progressive in Nairobi. We sell basic food items like eggs, flour, sugar,milk,washing powder, bread toilet paper and mobile phone air time. As Shillah is a trained tailor she also runs a tailoring business at the store by repairing and making clothes. We also offer phone charging service for people who do not have electricity in there houses. We also offer Mpesa mobile phone money transfer service. The different parts of the business work well together. For example, customers sometimes withdraw money using Mpesa and then spend that money on items in our store. Our monthly profit is about 13,500 shillings each month (US$ 150). Sometimes I also assist a friend in his electronics store and I usually earn around 5,000 shillings each month ($60) from this.
I greatly thank Zidisha for the just concluded loan that has now increased our income by ksh 2500 shillings each month ($30)

Loan Proposal

I wish to spend my next loan on soft drinks business. These are Coca-cola sodas Quencher fruit juice Afya fruit juice Rebina fruit juices.
I want to 2 crates of 1litre of soda @ sh 750 - 1500
2crates of half liter soda @ 800 - 1600
3 crates of 300ml soda @ 480 - 1440
2 bales of half liter quencher juice @ 550 -1100
3 bales (orange, mango and passion) half litre juice @ 560 -1680
A bale of 250ml juice @ 700 -700
TOTAL 8020
This will enable earn a profit of 1000 shillings per week and make my living standards better.
Many many thanks in advance your consideration.
I promise to repay my loan back on time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$84.00

Date disbursed

Jul 1, 2015

Repayment status

Late

Projected term

2 months

Lenders

YB Song

Seoul, Republic of Korea

dlpringle

Denver, United States

Guillaume

Rimouski, Canada

N

Nicole

Pittsburgh, United States

Lou Kaucic

Sanbornton, NH, United States

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