Stocking my shop with rice,fat and flour for wholesale

Geoffrey Waweru

Miti Mingi, Kenya

100% repaid

Entrepreneur

Name

Geoffrey Waweru

Member since

August 2014

On-time repayments

279 installments  •  67%

About Me

I come from a small family where my parents have brought me up well. I was born in the same village where I live today. I attended school up to Form 4 but couldn't afford to go further due to financial constraints.

I was employed in a nearby school as an untrained teacher with a meager salary of 25 US Dollars per month. After I gathered 500 US Dollars, I started a small business. As business picked up, I got married and later, was blessed with two kids. From the earnings of this business, I am able to cater for my family and partially support my aged parents. My first born is a boy, who will join class one next year. The way he tells their teachers how he will undertake extra classes inspires me to regain my hope of education for him as well as for myself. Sometimes, he sees me cycling a motorcycle and tells me that will be a pilot.

During my free time, I like reading inspirational books and also paying visits to nearby orphans.

My Business

My business is a general shop where I sell foodstuff including both consumable and non-consumable good. For example, I sell maize floor, sugar, cooking fat, cereals (maize and beans), umbrellas, shoes, padlocks, and so on. I like this kind of trade since most commodities are basic and compulsory to human beings for they cannot evade feeding. It is locally known as Babu Shop. I usually get substantial profit although it depends on seasons. My business has survived for six years and I am always optimistic that it will continue growing. There is competition but my customers like my shop because of standard price, availability of different commodities and good service. I also give some discounts . During promising seasons which are most, I even make a profit of 50 US Dollars per week which adds up to over 200 US dollars per month. From these earnings, I am able to keep good the life standard of my family and investing around with some little amount for the better future.

Loan Proposal

i plan to stock my shop with these fast moving commodities.i developed these wholesaling idea since there are several youths that have started operating some small shops in our center for them going for these stock in town is a bit problematic considering that they can only purchase in small quantities.doing so will earn me some good profit as i ease their struggles in stock purchasing.rice will cost me 230 us dollars,fat will cost 300 us dollars and flour will cost me 330 us dollars.these will total to 860 us dollars.from these calculations,my profit will increase to 100 us dollars from the current 70 us dollars per week.this will therefore enable me to clear my loan on time as i have done before.

Show original English  

About Me

I come from a small family where my parents have brought me up well. I was born in the same village i am today, schooled up to Form 4 but couldnt further due to financial constraints. i was employed in a nearby school as an untrained teacher with a meagre salary of 25 US Dollars per month. after i gathered 500US Dollars i started a small business. it picked well after which i got married and we are so far blessed with 3 children,one boy and two girls consecutively. from the earnings of this business, i am able to cater for my family and partial support to my aged parents My first born is a boy who is in class 2.The other 2 are girls and the elder one is learning in a nearby nursery school.what inspires me more to regain my hope of education is the way he tells their teachers on how he will further his education in university to learn how to be a professional businessman like their dad..During my free time I like visiting the orphans and pupils in less previledged school like in photos shared in my page.

My Business

My business is a general shop where I sell foodstuff both consumable and non-consumable good - things like, maize floor, sugar, cooking fat, cereals (maize and beans), umbrellas, shoes, padlocks and so on I like this kind of trade since most commodities are basic and compulsory to human beings for they cannot evade feeding. It is locally known as Babu Shop. I usually get substantial profit although it depends on seasons. My business has survived for 10 good years and i am always optimistic that it will continue growing. There is competition but my customers have like my shop because of standard price, availability of different commodities and good service. I also give some discounts . During promising seasons which are most, I even make a profit of 150US Dollars per week which adds up to over 600US dollars per month. From these earnings am able to keep good the life standard of my family and I have built them a 4 roomed permanent house.I have also been enabled in paying school fees for my 2 children. Late last year,I constructed some 5 rental rooms in my plot too and they are giving me a rental income of 100 US dollars per month.All enabled by Zidisha loans

Loan Proposal

i plan to stock my shop with these fast moving commodities.i developed these wholesaling idea since there are several youths that have started operating some small shops in our center for them going for these stock in town is a bit problematic considering that they can only purchase in small quantities.doing so will earn me some good profit as i ease their struggles in stock purchasing.rice will cost me 230 us dollars,fat will cost 300 us dollars and flour will cost me 330 us dollars.these will total to 860 us dollars.from these calculations,my profit will increase to 100 us dollars from the current 70 us dollars per week.this will therefore enable me to clear my loan on time as i have done before.

Feedback

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  • Mary    Jan 18, 2018

    Repaid in full. Geoffrey has an excellent business plan for continued growth. I would recommend loaning to him in the future!

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    • Geoffrey Waweru    Jan 19, 2018

      Thanks a lot Mary for Discovering the potential in me and also trusting me with your loans.I promise to never ashame this great Team. I pledge to work hard to see most youths transform their hopeless livehood to better in the whole society. Thanks and I treasure you big time

      Log in to reply • Share
    • Geoffrey Waweru    Jan 25, 2018

      Good afternoon Mary..I appreciate your positive comment on my business flow.I have posted a new loan application and its lending has taken a trend,now 2% funded with 7 days remaining to expire...if in a position visit my page.Thanks in advance

      Log in to reply • Share
    • Geoffrey Waweru    Apr 5, 2018

      Thanks a lot my Great Friend from US,Mary I have been you are the first in lending my loan...Appreciate and treasure you big...hoping to get some other lenders

      Log in to reply • Share
    • Geoffrey Waweru    Apr 17, 2018

      Good evening Mary,I have made a new loan application. If in position lend me something. Thanks and be blessed

      Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$794.17

Date disbursed

Nov 11, 2015

Repayment status

On Time

Projected term

19 months

Cost to entrepreneur

Service fee: $32.98

Geoffrey opted to pay $112.11 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

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Ask Geoffrey a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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