Entrepreneur
Name
Gladys
Member since
January 2023
On-time repayments
61 installments • 57%
About Me
I am Gladys. I am a businesswoman based in Mombasa Kenya. I deal with food products mostly sale of cereals like corn and beans.
I normally get my stock from wholesalers and then I retail the products.
I am married with three young children who are yet to figure out their careers. However, they are doing well in school and I hope to guide them to choose careers that will suit their ability.
My Business
As mentioned above, I sell dry cereals form my small outlet. I sell small amounts ranging from one kilogramme to 50 kilogram bags. It is a profitable business but I get into challenges when harvest is not good because this makes the cereals very expensive and this erodes my profit margins.
Project Proposal
I will use the money to buy a 100kg bag of beans. I will then retail them from my outlet at a fair profit. My profit margin is about 40% and this will enable me service this loan quickly as well as boosting my income.
Thank you and I look forward to being funded once again.
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Project Info
Project Type
Pay It Forward
Disbursed amount
$57.00
Date disbursed
May 8, 2023
Other projects
Backers
San Francisco, CA, United States
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