Buy utensils, crockery and plastic basins for my shop

Serah

Nakuru, Kenya

100% repaid

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

In Kenya, we buy utensils, crockery and plastics almost on a daily basis. I would like to expand my shop by buying these items so that I can sell them to my customers. I would like to bring them close to the estates because most people travel up to town to buy them. On saving transport to town for my customers, I will get enough profit for the shop that will help me meet my basic needs.

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

2 months

Lenders

PG

Paul Graham

United States

JA

Jan Andresen

Hamburg, Germany

Craig Newmark

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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