Expand wine & spirits business by selling fast-moving products

Caleb

Embakasi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Caleb

Member since

September 2015

On-time repayments

120 installments • 61%

About Me

About Me
My name is Caleb kioko. I come from KENYA in in Nairobi county. I started my basic school at a rural school back in the village, I furthered my education from there to Nzeveni secondary school . My parents are farmers by profession hence all my education cost was funded their product earns from the farm. In life it takes ones own imagination to be poor or rich ,thus you can identify a problem and solve it. I completed my secondary education and due to my hard work, and the respect that I have for people. I was employed in a store and began to identify the needs of the community. With the little savings made, I started my own Wines and spirits store to help me settle my bills and also pay school fees to my siblings. My people have unique cultural values in the sense of taboos and custom beliefs which are highly respected

My Business

I run a beauty products shop in my area. It is fully registered by the Kenyan law and located at off north airport road. I started this beauty business venture in this area because there was no one around so i grabbed this opportunity .Since i started the business, i can boast that people are always at my shop purchasing. The main products are The main motive behind me choosing this business was that, i saw many of my friends going far to get their beauty products hence getting robbed on their way back home.If I invest let say $ 200 within a week I can get $30 profit because as soon as I bring the goods people come in and purchase them . My business capital is not up to expectation since I want to purchase most of the products in order to attract almost 80% of people in the surrounding . The profit will also be used in reinvesting and opening of other stores in other to employ people and pay them to earn a living.

Loan Proposal

When i get this loan ill buy some of the beauty products that sell first,ill be saving all the profits on daily basis.At the end of the week ill have enough cash to repay my loan and add more stock.After repaying the loan ill use the balance also to add more stock to my business.