Purchase of solar-powered cooler box for fruits & vegetable
Eunice
Mbita, Kenya
4% repaid
Entrepreneur
Name
Eunice
Member since
February 2015
On-time repayments
321 installments • 26%
About Me
My name is Eunice Adhiambo Odero, 24 years old and the mother of three daughters (Lilian, age 7, Elliane, age 3, and Kathie, age 2) and one son (John, 8 months old).
I am married to Kennedy Onyango and we run a family retail and groceries shop called Eunix Shopping Mart. The shop supplements our family income as we are both unemployed, though involved in social entrepreneurship activities in and around the Mbita community. My husband runs two charitable schools (EDTEC Academy & Hope School) and the family shop serves as a reserve to support the recurrent expenditures of the school.
My Business
Eunix Shopping Mart sells a range of food and grocery-related food items. We stock the much-needed food supplies being used in the house, like sugar, flour, baking items, oils, tomatoes, onions, beans, rice, carrots, and other products.
The business is in its early stages, having operated for the last 5 months. I need capital to improve the stock and make good sales. This is a very strategic and promising business capable of generating more money to fund our needs as a family and continue to offer quality early childhood education through our family-run charitable schools (www.edteckenya.webs.com).
Loan Proposal
I am seeking a loan of KES 42,219 to enable me buy a solar - powered & charged cooler box and increase my fresh food stock for selling. I will use the loan of KES 41,173 as follows;
-Buy a solar - powered cooler box for food storage at a cost of KES 26,000
-45kgs of green vegetables (kales) at a cost of KES 6,000
-Buy 1 crate of tomatoes at a cost of KES 3,500
-Buy 2 crates of onions at a cost of KES 4,500
-Buy 1 crate of oranges at a cost of KES 3,000
The new cooler box will enable me store my fresh on farm produce like; tomatoes, onions, mangoes, paw paw, fish among other fresh food products that are perishable and needs a cooler box to store them for long-term sales. Mbita being a hot area, it's very hard to sale perishable food items without a cooler box.
With a solar-powered cooler box, I will be able to store food items and sale at a very good and competitive pricing enabling me to get a projected profit of KES 5,000 per week from the current profit ration of KES 3,500. The increased profit will be used to repay the loan in good time as agreed upon.
About Me
I am Eunice Adhiambo Odero, aged 25 years old and the mother of three daughters; Lilian age 7, Elliane age 3, Kathie age 2 and one son; John 14 months old. I was born in an island of Mfangano in Lake Victoria, Kenya as the 4th born among 7 siblings though two died while still infants.
I went through my primary education in Mfangano island and since my parents did not have stable income, I did not continue with my education past primary level. I got married to Kennedy Onyango and we do run a family retail and groceries shop 'Eunix Shopping Mart'. The shop supplements our family income as we are both unemployed though involved in social entrepreneurship activities in and around Mbita community. My husband runs two charitable schools (EDTEC Academy & Hope School) and the family shop serves as a reserve to support the recurrent expenditures of the school.
My 1st born daughter would like to be a Banker, the 2mnd born is social and can serve as a politician, while the 3rd born is quite reserved and unfriendly, My last born is jovial. I have high hopes for my kids and sky is the limit for their aspirations and goals.
In my free time, I do sing in the Church as a choir member and visit the sick in hospitals.
My Business
I trade on essential on-farm and processed food commodities in high demand under the name of 'Eunix Shopping Mart'. I sell a range of processed food items like; sugar, bread, milk, wheat flour, maize flour, cooking oils, body lotions among others. I also stock on fresh farm produce like; beans, rice and grocery related food items. I do stock the much needed essential food products being used daily in the house like; sugar, flour, tomatoes, onions, beans, sourghum, cassava, carrots, green vegetables (kales & cabbages) among other green vegetables that are in high demand.
The business is in it's early stage having operated for the last 17 months. I seek a low interest rates loans as an expansion capital to improve the stock and make good sales. This is a very strategic and promising business capable to generate more money to fund our needs as a family and continue to offer quality early childhood education through our family run-charitable schools (www.edteckenya.webs.com).
Loan Proposal
I am seeking a loan of KES 42,219 to enable me buy a solar - powered & charged cooler box and increase my fresh food stock for selling. I will use the loan of KES 41,173 as follows;
-Buy a solar - powered cooler box for food storage at a cost of KES 26,000
-45kgs of green vegetables (kales) at a cost of KES 6,000
-Buy 1 crate of tomatoes at a cost of KES 3,500
-Buy 2 crates of onions at a cost of KES 4,500
-Buy 1 crate of oranges at a cost of KES 3,000
The new cooler box will enable me store my fresh on farm produce like; tomatoes, onions, mangoes, paw paw, fish among other fresh food products that are perishable and needs a cooler box to store them for long-term sales. Mbita being a hot area, it's very hard to sale perishable food items without a cooler box.
With a solar-powered cooler box, I will be able to store food items and sale at a very good and competitive pricing enabling me to get a projected profit of KES 5,000 per week from the current profit ration of KES 3,500. The increased profit will be used to repay the loan in good time as agreed upon.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$422.00
Date disbursed
Dec 24, 2015
Repayment status
Late
Projected term
50 months
Other loans
Lenders
Germany
Taiwan
Hong Kong
United States
United States
United States
United Kingdom
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