Milk purchase

Benson

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Benson

Member since

January 2015

On-time repayments

72 installments  •  78%

About Me

My name is Benson Hongo from Kisumu Korando Village along the Kisumu-Busia road. I am married to one wife Diana Apiyo and we have been blessed with Two children; A boy Taji and a girl Neema. We have also adopted another girl Salma who is my niece but unfortunately was orphaned at a young age.
I stay with my mother who also operates a retail shop.
The kids are in lower primary.
I am a lay reader in our local church and also the current Parish Secretary.
I have plans to train as a Vicar.

My Business

I have ventured into selling Electricals and Plumbing parts, fittings and also offer advice to those who are building. I source for my items both locally and in Nairobi.
The items vary in terms of profitability with the first moving items returning small margins whereas the slow moving items providing decent profits.
My main clients are people constructing houses, those seeking to improve theirs and those doing repairs.
I am still in the marketing stages of the business and creating awareness on the same so that I can have clients aware of my products and services.
Capital has been a great challenge to my business and I have had to rely on family for support.

Loan Proposal

I will use the money to purchase a carton of milk to help boost sales in the shop. A carton has gone up to retail for Kenya shillings 580 thewhole carton after sales will realise Kenya Shillings 660. I can turn over three cartons in a week.
That translates to a profit of Kenya Shillings 240 per week on the milk alone.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$8.00

Date disbursed

Mar 9, 2017

Repayment status

On Time

Projected term

8 weeks

Lenders

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