Wines and spirit business

Brigid Kimitei

Eldoret, Kenya

12% repaid

Entrepreneur

Name

Brigid Kimitei

Location

Eldoret, Kenya

On-time repayments

40 weekly installments  •  8%

About Me

My names are Brigid Jepkemoi Kimitei, born again Christian. I was born in 1987 in a village called Kapsiekwa in Elgeiyo Marakwet County. I joined Kapsiekwa primary school in 1991 and completed in the year 2002 and there after I joined Chepkongony Church of Christ Secondary School and completed in the year 2005. Currently Iam doing Criminology degree course at Kisii University.

My Business

Wines and Spirit Business has been my soul daily bread. I started this business in the year 2006 after lacking school fees to join a college. my business is based at pioneer near sosiani river in eldoret, in a day I get around Ksh1200 profit but due to rising basic needs and the school Iam paying on my it makes things difficult. But I thank God for this business for making where Iam. The money Iam borrowing will enable get more stock and new brands on the market like Jabel lemon brand that is on high demand.

Loan Proposal

The loan will enable me buy new wine and spirits brand called Jabel lemon which is currently on high demand. I have been unable to purchase it due to high demand of living and small margin of profit I have been getting. The loan will help me increase also the stock which will increase the profit per day. the profit will give an opportunity to repay back the loan in time as well as rising up my mode of living and the other dependants from my family. one dozen of of Jabel Lemon if $36 and will give approximately of $12 when the stock is fully sold. Due to high demand one half dozen can be sold in a day giving around $16 profit in a day. When combined with other types of wines and Spirit sold the profit will double the previous one before I got this type of brand.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$80.43

Date disbursed

Sep 16, 2017

Repayment status

Late

Projected term

8 months

Cost to entrepreneur

Service fee: 5% of $80.43 = $3.61

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