Metal milk bucket for general store
Simeon
Githurai Progress, Kenya
100% repaid
Entrepreneur
Name
Simeon
Member since
April 2013
On-time repayments
62 installments • 60%
About Me
I am 36 years old, married and blessed with 2 children. I have a five year old daughter called Abigael and I am holding my young son James in my profile photo. I successfully completed my secondary education and later did training in phone repair. I later started an electronic business which deals with selling & repair of phones but I have now closed this business to work with my wife in a general store. With the profit from the store we support ourselves and our children and we try to assist our younger siblings with high school fees.
My Business
My wife Shillah and I are working in a general store in Githurai Progressive in Nairobi. We sell basic food items like eggs, flour, sugar,milk,washing powder, bread toilet paper and mobile phone air time. As Shillah is a trained tailor she also runs a tailoring business at the store by repairing and making clothes. We also offer phone charging service for people who do not have electricity in there houses. We also offer Mpesa mobile phone money transfer service. The different parts of the business work well together. For example, customers sometimes withdraw money using Mpesa and then spend that money on items in our store. Our monthly profit is about 13,500 shillings each month (US$ 150). Sometimes I also assist a friend in his electronics store and I usually earn around 5,000 shillings each month ($60) from this.
I greatly thank Zidisha for the just concluded loan that has now increased our income by ksh 2500 shillings each month ($30)
Loan Proposal
In my food retail I also sell packed and unpacked fresh milk. This brings so extra profit to my business apart from supplying milk to my young growing children with the same. I wish to buy a metal packet of 50litres that recommended by the Kenya milk dairy board to be used for currying and storing fresh milk by vendors. the bucket costs Ksh 5000. this helps keep the milk temperatures lower than that of room temperature changes. I also wish to buy and maintain a 50litres of milk stock which will be enough to sell for the whole day. This is because I keep milk stock in all times of the day for fear of letting it go bad and bring losses to my business.
I also wish to buy stock of the three varieties of community's favorite packed milk. these are Fresha, Daima and Mount Kenya longl-ife milk.
This how I will spend my loan;
Metal 30litre bucket - ksh4000
30litres of unpacked fresh milk @ ksh 50 to sale ksh60 - ksh1500
1 Carton of Fresha long-life fresh milk @ 18 packets ksh 846
1 Carton of Daima fresh long-life fresh milk @ 18 packets ksh 846
1 Carton of Mount Kenya long-life fresh milk @ 18packets - ksh 846
TOTAL KSH 8,038
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Loan Info
Project Type
Classic Loan
Disbursed amount
$88.00
Date disbursed
Mar 18, 2015
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Newport, United States
United States
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