Adding stock to my shop: mainly foodstuffs

Serah

Nakuru, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Serah

Member since

April 2017

On-time repayments

65 installments • 98%

About Me

I am the first born in a family of three. Living in Nairobi then we had difficult time growing up as we lost our parents when I was only 13. My siblings and I were taken in by close relatives who took us to school. It was not all smooth there but we had to persevere in order to get our basic needs. I managed to go up to the university level but have never gotten a job. This motivated me to look for a business thus my husband borrowed a loan from his self help group to help me start a food store. I have one four year old daughter who is yet to discover what she would like to be in future. I love playing hockey and making new friends.

My Business

I have a small shop in Nakuru where by it entails a food store mainly cereals although I sell other stuffs like toiletries, soft drinks, and stationaries. These goods are important because they are daily basic needs that must be used. The profits I obtain from the shop are used to pay rent, school fees and family investments.Being in a slum where most people live in abject poverty, I have really struggled to keep the business to thrive because most people come to lend me goods promising to pay later but they don't. Trying to differentiate loyal customers who can lend and pay back has proved to be a challenge. This has lead to my stock deteriorating.

Loan Proposal

Being in a slum where most people live in abject poverty, I have really struggled to keep the business to thrive because most people come to lend me goods promising to pay later but they don't. Trying to differentiate loyal customers who can lend and pay back has proved to be a challenge. This has lead to my stock deteriorating. Thus this next loan I would like to increase my stock. Mainly grains, sugar, maize flour, cooking fat. Thank you.