Additional stock of maize flour for my shop
Edwin
Kisii , Kenya
100% repaid
Entrepreneur
Name
Edwin
Member since
February 2019
On-time repayments
33 installments • 76%
About Me
am a business man I Edwin migiro machuka I normally have a business in terms of processing and I sell in retail and wholesale I also have shop which I do sellers and marketing
My Business
I normally buy 5 packets of flour I @65 wholesale prices and I sell retail @110 I get a profit of 55 each packets and I buy creates of soda 3 per day one crate it cost 570 so I sell each bottle at 30 so per bottle I get a profit of 7 I also sell biscuits if given the loan I would appreciate I wii add my stock
Loan Proposal
Once i receive this money i am going to buy 10 Bundles of maize four for my shop and each bundle which consist of 12 packets of 2 Kg is sold at 1200/- kenya shillings . So currently due to famine the maize flour is scarce. So i will buy and retail to my customers. Since my shop is in the urban center i will make good money to pay back to the lenders
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Loan Info
Project Type
Classic Loan
Disbursed amount
$130.00
Date disbursed
Apr 28, 2019
Repayment status
On Time
Projected term
3 weeks
Lenders
Summary
Amount repaid
$130.87
Amount remaining
$0.00
Date repaid
May 20, 2019
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 10, 2019 | $0.59 | May 10, 2019 | $0.59 |
| May 17, 2019 | $130.08 | May 11, 2019 | $13.30 |
| May 20, 2019 | $116.77 | ||
| May 24, 2019 | $0.21 | May 20, 2019 | $0.21 |
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