Loan for inventory of fast-moving goods for my retail shop
Kiprop
Kamara Silibwet Village, Kenya
100% repaid
Entrepreneur
Name
Kiprop
Member since
October 2014
On-time repayments
214 installments • 30%
About Me
I am a Kenyan citizen who is currently residing in Nakuru Kenya ,I graduated with Bachelor of science degree at university of Eldoret IN 2009. My main occupation is freelancing with a bias in market and data analysis.
I am a team player and a servant leader where i am currently engaged in youth mentorship in my rural village where our main focus is success for all in different fields.The brainchild of the initiative was to demystify the myth that success is equivalent to success, rather everyone has a key role in society and the term success is multi-dimensional concept.
My Business
Apart from the freelancing job that I do part time, I own and ran a retail shop selling mainly food stuff and fast moving homes supplies.
The shop has been good and have supported me all through. The retail shop is loacted at Kapsowar in the outskirts of Eldoret town and we sell mostly domestic goods such as food stuffs, detergents and other fast moving goods whose local demand is high.
To improve profits and customer base, I would like to add my stock and introducing new products.
Loan Proposal
Thank you so much for the first loan you gave me. It helped me get started with my freelancing last year. The profits also helped me establish a retail shop that I currently plan to improve.
The shop is located in an area that has a good stable demand for fast moving home supplies but the size of my stock has been low- missing some products.
I will therefore use the second loan to purposely increase the stock of existing products and introduce a few more items such as cereals and grains that have a good demand in the estate.
I project this to improve my current daily profit of KES 450 per day by about 35% that will go to further improvements within the shop and other projects.
I will honour my obligations of timely repayment of loan and will keep my lenders updated of my progress.
Thank you in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$250.00
Date disbursed
Jun 17, 2015
Repayment status
On Time
Projected term
68 months
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