Soft drinks wholesale and mpesa business

Frank

Kisii, Kenya

29% repaid

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How it Works

Entrepreneur

Name

Frank

Member since

April 2014

On-time repayments

290 installments • 48%

About Me

I am Frank Zablon i come fromm a family of 5 i am the 1st born in my family .I live in kisii town near kisii Bottlers,I am a teacher and also a business man in my free times.I took my education at sameta High School and latter perused my university education at Kisii University for bachelor of education Arts .I started my business of M pesa which helps me to support my self and also my family.I started this business with a capital of 50,000 and makes a profit of 8,000 per month.I love football and also hockey.

My Business

I have a self employed business of M pesa and small shop at Kisii town just within the kisii Bus stage,i started it with a capital of 50,000 and makes me a profit of 10000per Month.I started this business to help me bpay the house bills and also support me pay my school fees while i was in school.I request to be given a loan to increase my Float in my Mpesa and also add some stocks besides the Mpesa .Theres a great demand in my business because its just around the stage and its strategically positioned,Its profitable because no much risks are involved .

Loan Proposal

I'm applying for a loan of kes 38516 around 385 us dollars... with this amount of money I intend to add 20000 from my savings so as I'll have around fifty thousand shillings with me.. out of this I'll make an order of mineral water from a nearby distillery which goes for 260 per carton.. I'll order one hundred of then at a total cost of 26000 roughly us dollars 260..with time I'll increase this stock after observing the market trend.. with the remaining amount I'll order for afia drinks.. which goes for 600 ksh a carton.. which translates to 42 cartons or 2520p ksh.. my target market will be the hawkers around the kisii town main stage. Who will buy in bulk and sell later to the travellers.. the projected sales per day will be around fortyfive cartons with a net profit of around four hundred and fifty shillings or 45 us dollars.. this will further supplement my income from mpesa services...