Wheat flour,cooking oil inventory for new branch business
Margaret
Nairobi., Kenya
100% repaid
Entrepreneur
Name
Margaret
Member since
May 2014
On-time repayments
241 installments • 66%
About Me
I am a young,energetic lady aged 27 years old married and with one child.I am the second born.My childhood was difficult as my parents separated so my mum had to raise the four of us.She did her very best to take us to school.Discipline for me was key since I was a little girl.My kindergarten teacher at one time came and said she wanted to reward one pupil who had impressed her by the simple etiquette the pupil had.I was shocked when she called me to the front and gave me a gift.She said she was impressed by how I used to greet her everyday in the morning something I learnt that I was the only one who used to do it.I was a disciplined student all through my primary school and hence a good performer academically.I was admitted to one of the best Secondary girls school in Nairobi for my Secondary education.I worked hard all through the four years and I passed my final exam well enough to join the university.My mum couldn't raise all the fee needed for my university education so I stayed back home but I used to tuition some students when they were on holidays.I didn't earn much but I did my best to save.I saved for one year and the proceeds were good enough to start a small business.I started just a simple of making doughnuts.I used to wake up very early to cook the doughnuts.The sales were good as customers fell in love with the tasty doughnuts.I later started to make chapatis..they were so good!at some point I thought people were no longer cooking in their houses as the demand became overwhelming.At this point I decided to employ one young man as a handy man.Business grew and i decided to vventure into real food business and as expected,it didn't dissapoint.My community is full of hard working people so im not really surprised that I became one.My son is now three years old and will be joining kindergarten soon.I want to work so hard to give him the best education that will not only transform his mind but also make him grow into a responsible man.During my free time I go to church as I believe that spiritual nourishment is just as important and I also acknowledge that I have come this far due to God's faithfulness.
My Business
My business is purely food business.Every human need food and that is why it is a basic need.The reason I chose the business was to make life easier for those who are working during the day and are not able to go back home to take lunch or those who leave their homes quite early to avoid traffic hence foregoing their breakfast.My business has meals for breakfast,lunch and also soft drinks like soda.Like any other business,food business has it's good and bad days.The major challenge is competition.Food related items have become so expensive due to inconsistent weather patterns.I spend 40_45$ per day to buy these items and I make a profit of 20_25$ per day though there are some days I make less than that depending on a number of factors e.g. harsh weather.The profits I make are generally to pay rent,school fees for my younger siblings and now my son will be starting school soon.I am also planning to employ one more employee who will be a supervisor as my time at the business will be lumited since I am planning on opening a branch at a nearby estate.
Loan Proposal
With this particular loan,I plan to purchase 3 bales of wheat flour,3 bales of maize flour,10 litres cooking oil,vegetables,cooking pots,cups,plates,forks and spoons.These will cost me upto 250$.with the remaining fifty dollars,I will use to renovate the premises by painting and creating a convenient working area for the kitchen.This will in turn attract customers as the place will look inviting and a high level of hygiene will be maintained.I expect to start making a profit of 15$ and I am hoping it will increase to at least 25$ within the 3rd month of business per day.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$289.00
Date disbursed
May 11, 2015
Repayment status
On Time
Projected term
58 months
Other loans
Lenders
Hong Kong, Hong Kong
United States
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