Loan to increase stock in my provisions shop

Onesmas

Nairobi, Kenya

0% repaid

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How it Works

Entrepreneur

Name

Onesmas

Member since

April 2020

On-time repayments

41 installments • 51%

About Me

I am Onesmas Mutuku, a young hard working man born in Ukambani. I did my primary schooling in rural ukambani before i joined secondary school in Nairobi. I completed high school, and later did a diploma course in purchasing and supplies management.
I started my business from the small money I borrowed from my father who is craft man.
I started selling second hand clothes and later opened a small shop which I run up todate.

I am married with one daughter.

I like the town I live in because its a populated town there fore making it good for business.
Mostly am free on Sundays , I go to church, visit my friends and go out to have fun with my family

My Business

I currently run a small shop where I sell household goods and a Mpesa business.
My business in located in a residential area, I there fore sell things such as rice, sugar, cooking oil, bottled water, airtime, and mpesa business.
The typical cost of my business is the cost of stocking and cash money to run Mpesa.
I use my profit to restock, pay rent and feed my family

Loan Proposal

I currently introduced general cereals in my shop such as several types of porridge flour, maize , rice and beans and peas. So I will like to add more stock

5 bales of flour at Ksh 10000
5 bags of sugar at ksh 25000
5 bags of assorted rice at ksh 12000
Mpesa float ksh 70000

Income Source

Considering that I sell household goods which are basic needs I am able to continue selling. I am able to procure goods directly from company and thus I get best prices so am able to sell at subsidised prices and thus mantain my profits