Entrepreneur
Name
Dorcas
Member since
October 2018
On-time repayments
12 installments • 50%
About Me
am Dorcas lenkopito from samburu county maralal town is my city i was born there in samburu went to school in 1992 which primary and completed at 2001 i joined secondary at kisima girls in year 2002 and completed in year 2006 i joined a college of nurses in year 2008 and completed in year 2011 i stayed hassling for a bout 6 years at looking for a job in the year 2017 i February i was employed in county government of samburu sa nurse in referral hospital in maralal and also happy because during those i started a small business of retail shop which is helping me and my children my hobbies during my free holidays is visit the families a round and also helping the needy children in my community and also trying to know of big challenges in my community try to help where necessary also like swimming and music and visit friends around
My Business
my business is retail shop selling foodstuff like perishable goods and non perishable goods like vegetables since i started this business in 2017 November i almost used $850 to start the business which i saved from my salary i saved for almost 7 months to get the money since i was employed at February i have been earning good profit every week this business has helped me to educate my children like paying school fees and also i built a house at home and helping my mother and my two brothers who are studying in secondary school every week the sell of food stuffs and vegetables to customers has been a challenge since the shops are many so every week profit is $450 compared from the business on the ground i used $300 every week to pay for more stock which i use to add more stock for bout $550 profits i deduct 150 to save for my family the $300 i use this amount to add more stock and that how my business operates
Loan Proposal
shs
gross sales 56,786
less returns 22,000
net sales total 78,786
less: opening stock 58,675
add: purchases foodstuffs 96,420
less returns on wards 18,900
net purchases of food stuffs 94,700
cost of goods available in stock 124,567
cost of goods sold weekly 43,564
GROSS PROFIT
less: expenses 56,400
wages/salaries 7,400
transport 10,760
electricity,water 6,730
stationary and postage 4,500
rent and rates 6,400
total expenses 92,190
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Loan Info
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Dec 15, 2018
Repayment status
On Time
Projected term
3 weeks
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