Wines & spirits business

Fredrick

Kisumu, Kenya

67% repaid

Entrepreneur

Name

Fredrick

Member since

January 2016

On-time repayments

183 installments  •  65%

About Me

I was raised by my grandmother from a humble background after the death of my mum who passed away when I was eight years old. I passed through hardship but I was successful to get education which provided me with enough knowledge and skills to be an entrepreneur. I have been idenfying numerous business ideas and opportunities but have never been able to implement the idea due to Lack of funds. Out of my ideas, I decided to pick on wines and spirit business which is a very profitable business in our country.

My Business

As you may know, in our country about 60% in every area drinks regularly while about 40% drinks daily spending an average of kes 150 daily per person according to the recent research carried out by NACADA. The demand for wines and spirit has been so high in my shop that most of the time I usually run out of stock because I have been stocking insufficient stock due to lack of enough stock. I would like to add a stock of kes 150, 000 to cater for the high demand. This will ensure that I retain more customers and my sales volume will be high hence more profit. As a result, I will be able to repay all the loan on time

Loan Proposal

I am planning to stock more wines and spirit in my shop to avoid stock out. I am also planning to introduce some more more brands which I have never stocked before but customers have been asking for them.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$914.00

Date disbursed

Jul 19, 2018

Repayment status

Late

Projected term

17 months

Lenders

R

RMIM

United States

Paul Buchheit

Mountain View, United States

Katja

Switzerland

ER

Ellen Ray

United States

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