Additional stock for my cereal business

Elvis

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Elvis

Member since

June 2017

On-time repayments

99 installments  •  91%

About Me

once again I wish to appreciate my lenders
since i joined zidisha community ,for their generously awarding favourable credit incentive that has been gentle to me or rather to the busines .
I can be of good example to how Zidisha have improved individual lives that they have interacted with and developed a relationship
. I've been with Zidisha for along time ,and praise God for that and I'm certain it will as it has, kept on improving my life (business wise and day to day affairs)

My Business

The relationship I'm experiencing with zidisha is obviously positive. in the sense that :-
-my sales turnover did increase
-constant profit margin increas upward
-customer turnover increased
-improved the goodwill of the business
-expansion of the business in terms of adding more variety of goods
-hence improves my personal activities

Loan Proposal

I intend to buy a 90kg(45$) bag of beans at 4500 KES(45$) from my suppliers(farmers).I will sell at 70 KES(.70 cents $) per kg(pound).Therefore I will be making a profit of 18$ per bag. My business is important in the fact that I have a wide range of customers and I try to emphasise on quality which my customers appreciate.My profits increase as a result of selling more units of commodities.Also when some commodities are scarce in the market and I have the stock which I am able to sell at a slightly higher margin.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$57.00

Date disbursed

Jun 30, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

PG

Paul Graham

United States

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