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.
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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
Other loans
Lenders
Germany
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