Buy more stock for sale

Kenneth

Kitui, Kenya

100% repaid

Entrepreneur

Name

Kenneth

Member since

August 2017

On-time repayments

41 installments  •  22%

About Me

i was born and grew up in Kitui county. Kitui is a great place as there are many different ethnic communities living here. In my schooling here i was able to interact and learn a lot from different people.
Ever since i had been involved in selling of our milk when i was young , i gained a lot of skills which enabled me to start and run a small business.
And after college studies I was able to start a general shop in kitui town estates which have supported my siblings and catered for other things for this long.
I love reading novels and playing basketball during my free time

My Business

I run a general retail shop where i sell sugar, flour, cooking oil , i also have cereals such as beans, maize, rice, among others.
I started this retail shop after a careful market survey in kitui township. I found out that there was need for a retail shop dealing in food products and other small household products.
In a week i make profits of upto $100 which i use in expansion of the business and meeting my basic needs together with those of my siblings.
My biggest challenge is stocking the shop as i also depend on it for daily upkeep of my siblings therefore am forced to use some of my stock.
My customers are teachers from the surrounding schools and some workers from the nearby vast farms in kitui.
My goals for the future include expanding my shop to stock and more products am so proud of my customers.

Loan Proposal

The purpose of the loan is to buy more stock of food stuffs for sale. maize flour 5 bundle is 1500 Kes,4 bundles of wheat flour is 3500 Kes, crate of bread is 750 Kes, sugar is 4600 Kes ,100 kg of rice is 3400 Kes and soap is 1500 Kes a doze.
With the stock my profits will increase and i will be able to improve my livelihood

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Sep 23, 2017

Repayment status

On Time

Projected term

12 months

Lenders

PG

Paul Graham

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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