To buy bar stock

Vincent

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Vincent

Member since

September 2018

On-time repayments

15 installments • 47%

About Me

My name is Vincent Chweya Nyagaka. I was born in Kisii County in a country known as Kenya. I started school at the age of 4 years Ribate Academy before I joined Eronge Adventist. I passed very well and Joined Cardinal Otung'a Mosocho. After finishing high school I started to run a small business back at home to be able to assist my mother financially.
However, things were not that easy since you know back in rural areas businesses don't work well because most people don't have a main source of income and are in poverty.
I had to continue my studies after the results were out in 2011. I went to learn Business Management at the Nairobi University.
But due to the high unemployment rate in Kenya and lack of Jobs, I decided to venture into business.

My Business

I ran a business or Bar and Restaurant in Masimba, Kisii County. I have been running this business for 3 years now but unfortunately, last year was so worse since of Covid-19 pandemic. Our business was hit badly and I am looking for some money to add stock so that my business can recover fully. I also do small-scale farming I sell alcohol and beverages. Apart from selling liquor I also sell food. The business also has some lodgings.
I a good day I can make a profit of up to $80 and on the worst day, I can make $20.

Loan Proposal

My main business is bar and restaurant. I want to request for a loan so that I can stock my bar with beverages and liquor. I have been doing this business a year now. I intend to buy beverages for the fridge that is beside me in the photo. The reason I intend to buy sodas is because they are fast moving. With the $25 I will be able to buy three crates of sodas since each costs $9.1 From the profits I will be making from the crates I will buy I can use them to buy more beverage and even liquor.
I certain that I will be able to repay the loan within a week since I a bad day I can sell a half crate of sodas and I would have made $3 has a profit. I also have lodgings which can enable I to raise more funds.
I will be grateful for everybody who will fund me.