Inventory shop & retail

Benjamin

Kisumu, Kisobwa Town, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Benjamin

Member since

January 2015

On-time repayments

199 installments • 67%

About Me

My names are Benjamin Asavah, I was born in 1966 in Vihiga District. I went to vihiga Primary School and completed my CPA and later joined Muslim Secondary school and completed my CSE Certificate of Secondary Education. in my college level I joined Utalii College where I did catering course in Food and beverages.

I started working in Imperial Hotel in Kisumu while doing my course and same time Hawking in town selling newspaper , but later when married I stopped Hawking and open a grocery shop for my wife while I pursued my catering job in a hotel . I am employed working while my wife is working in our grocery shop and a retail shop.

My Business

I myself am employed and working but also run as Retail and grocery shop, where my wife in looking after the shop.
In my shop we sell home use commodities and the grocery as well such as maize, beans, grains, and many more and the shop we have products such as cooking oils, sanitaries, books, pens, pencils, food products, and many more.

This goods or services that we offer are day to day use in the community and are the necessities and therefore they are in demand. Also i incur the following costs, transport to transport my inventory to shop, rent for the leased shop, and also revenues annually for the council . The profits is used to expand the business, home improvements and also school fees and also part of my salaries.

Loan Proposal

Hello to all lenders
I am very much grateful for your lending support since I joined this community. I am happy also for my previous loan which I have serviced well and I managed to get well profit as the inventory stock went well. Kindly am again posting another loan today and my proposed budget as below
1 Carton of Menengai bar soap @ KES 9000
4 Bags of 50kg brown sugar @KES 4500x4=18000
2 Cartons of 1KG Cooking oil @ KES 2200x2=4400
2 bags of rice 50Kg white rice @ KES 8000x2=16000
Transport @ KES 1000
Total KES 48,400

Estimated Budget in USD $511.828

Thank you all lenders and the management team, I sincerely request you for lending me again.

Sincerely,

Benjamin