Expand potato stock for my store

Albert

Nakuru, Kenya

30% repaid

Entrepreneur

Name

Albert

Member since

March 2017

On-time repayments

11 installments  •  27%

About Me

My name is Albert luseno residing in Kenya, Nakuru town. I was born and raised in the western part of Kenya at a place called Kakamega. Since I came from a very humble background, I was transferred to Nairobi Lavington primary School. My schooling was sponsered by Missionaries in a children's home where I had to really strive hard because of the financial situation at home. I later joined Kapenguria boys high School and did my O levels. I was able to overcome challenges due to my love for sports and entrepreneurial skills. In my high school years I was able to do cereals business and manual jobs. Currently I sell potatoes which I was able to start by raising capital from another previous employment where i worked in a hotel as a cook. I was not satisfied with the Income I from my job and that's when I decided to start my potato business.

My Business

I sell potatoes especially ones which are used to make french fries.my business is a supply business meaning, I buy from farmers and supply to grocery shops, hotels . This goods are useful because they are a source of food ,income. They are on demand because they take a short period to grow and when cooked takes a shorter time.I chose this kind of business because of the customer needs. There was a gap of potatoes needed to make french fries in many hotels in town which prompted me into starting my business. I wanted to bring potatoes closer to the people since most have to go to the market to get some.my cost mainly transport and labor. I don't have a car of my own yet so I pay a lot on transport. I normally use my profits to pay school fee and reinvestment to grow my business.

Loan Proposal

will buy one more sack of potatoes at 18$ . From the profits I will reinvest into the business which will enable me to pay tution fee for my kids and buy more books for them.For business I expect to make 8$ for every sack of poatoes.b i sell.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$20.60

Date disbursed

Mar 20, 2017

Repayment status

Late

Projected term

2 months

Lenders

PG

Paul Graham

United States

Humble Bundle Community

San Francisco, United States

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  • Albert    Mar 4, 2017

    Hello Lenders,
    Thank you for generously supporting my business this will really help me meet my target customer needs, increase stock as well as generate profit for sustainability.

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