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Food Retail

Purchase of solar-powered cooler box for fruits & vegetable

John DoeJ
EntrepreneurEuniceLocationMbita, Kenya
Project status
100%funded
$422raised
5%paid forward

My name is Eunice Adhiambo Odero, 24 years old and the mother of three daughters (Lilian, age 7, Elliane, age 3, and Kathie, age 2) and one son (John, 8 months old).

I am married to Kennedy Onyango and we run a family retail and groceries shop called Eunix Shopping Mart. The shop supplements our family income as we are both unemployed, though involved in social entrepreneurship activities in and around the Mbita community. My husband runs two charitable schools (EDTEC Academy & Hope School) and the family shop serves as a reserve to support the recurrent expenditures of the school.

Eunix Shopping Mart sells a range of food and grocery-related food items. We stock the much-needed food supplies being used in the house, like sugar, flour, baking items, oils, tomatoes, onions, beans, rice, carrots, and other products.

The business is in its early stages, having operated for the last 5 months. I need capital to improve the stock and make good sales. This is a very strategic and promising business capable of generating more money to fund our needs as a family and continue to offer quality early childhood education through our family-run charitable schools (www.edteckenya.webs.com).

I am seeking a loan of KES 42,219 to enable me buy a solar - powered & charged cooler box and increase my fresh food stock for selling. I will use the loan of KES 41,173 as follows;

-Buy a solar - powered cooler box for food storage at a cost of KES 26,000

-45kgs of green vegetables (kales) at a cost of KES 6,000

-Buy 1 crate of tomatoes at a cost of KES 3,500

-Buy 2 crates of onions at a cost of KES 4,500

-Buy 1 crate of oranges at a cost of KES 3,000

The new cooler box will enable me store my fresh on farm produce like; tomatoes, onions, mangoes, paw paw, fish among other fresh food products that are perishable and needs a cooler box to store them for long-term sales. Mbita being a hot area, it's very hard to sale perishable food items without a cooler box.

With a solar-powered cooler box, I will be able to store food items and sale at a very good and competitive pricing enabling me to get a projected profit of KES 5,000 per week from the current profit ration of KES 3,500. The increased profit will be used to repay the loan in good time as agreed upon.