Stock increase

Wilfred Okoth

Burumba, Kenya

100% repaid

Entrepreneur

Name

Wilfred Okoth

Location

Burumba, Kenya

On-time repayments

190 weekly installments  •  99%

About Me

Am wilfred okoth from busia county to be precise burumba area. We grew up in the same area as siblings and now used to the area. am currently running a small shop to earn a living, this was generated from small savings that were saved after being employed in a certain car wash. It is very exciting where i live as many youths don't indulge in idling, they are work oriented,I have been blessed with two daughters of which one when she grows up she wants to be a dentist and the other one is not of school going age. Love being occupied with some thing to do, i hate half baked jobs (work.)

My Business

As described a above i run some small retail shop in my area. i sell things like floor, cooking oil,salads, match boxes , just to mention but a few. i chose this type of business because of the nature of savings i had gunnered from my previous job(car wash).i use my profits partly to expand my business and also for my family's up keep.

Loan Proposal

What will be increased is the cooking oil which i have to increase it to 60 litres amounting to 60 dollars.
Will also have to introduce a new product which is two sacks of rice amounting to 50 dollars.
Wheat flour will also be increase to two bundles at a total amount of 45 dollars.
The remaining 41 dollars is to purchase other items like sweets,snacks,juices and many more.
This will creat more benefit as now people will get more items from my kiosk and avoid walking long distances and also hope to increase my profit double

My Videos

Sep 12, 2021: Retail shop

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$193.67

Date disbursed

Nov 5, 2017

Repayment status

On Time

Projected term

23 months

Cost to entrepreneur

Service fee: 5% of $193.67 = $8.72

Lenders

ads68

Melbourne, Australia

PG

Paul Graham

United States

Humble Bundle Community

San Francisco, United States

Ellen

Michigan, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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