Increase inventory and hire delivery / sales staff for wine and spirit shop

Evans

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Evans

Member since

March 2014

On-time repayments

160 installments  •  4%

About Me

I AM MR EVANS AKALICHE A KENYAN CITIZEN WHO LIVES IN NAIROBI KENYA.I HOLD A DEGREE OF BSC AGRIBUSINESS MANAGEMENT FROM EGERTON UNIVERSITY.I AM ALSO A TRAINED ACCOUNTANT .I AM A SELF EMPLOYED PERSON WHO RUNS A WINES AND SPIRITS . I STARTED THIS BUSINESS BECAUSE I DIDN'T WANT TO BE A JOB SEEKER BUT A JOB CREATOR.WITH THE EARNINGS FROM MY BUSINESS I ALWAYS TARGET TO INCREASE STOCK AND GROW BIG.I AM A HARD WORKING AND FRIENDLY PERSON WHO ALWAYS AIMS TO ACHIEVE SET TARGETS.PREVIOUS LOAN I TOOK HAS HELPED ME INCREASE STOCK LEVELS IN MY SHOP AND THERE IS GOOD BRAND MIX WHICH HAVE INCREASED CUSTOMER SATISFACTION.I BELIEVE WITH THE HELP OF YOU GUYS I WILL BE ABLE TO GROW BIG.

My Business

AS DESCRIBED EARLIER I RUN A WINES AND SPIRITS WHOLESALE AND RETAIL SHOP.MY MAIN AIM HAS ALWAYS BEEN TO GROW BIGGER AND THIS I CAN ONLY ACHIEVE THROUGH INCREASING MY STOCK AND LABOR FORCE,THEREBY MEETING MY CUSTOMERS EXPECTATIONS.
MY MONTHLY INCOME RANGES BETWEEN 310US DOLLARS TO 400US DOLLARS.BUT WITH THE INCREASING DEMAND I NEED TO INCREASE MY SUPPLY,THAT IS,STOCK IN ORDER TO MEET ALL THAT MY CUSTOMERS REQUIRE AND ALSO BECOME MORE MARKETABLE.MY MAIN MARKET STRATEGY IS TO OFFER QUALITY PRODUCTS AT AFFORDABLE PRICE UNLIKE MOST OF MY COMPETITORS WHO HIKE PRICES.THE BUSINESS IS PROFITABLE AS MOST PEOPLE PREFER SPIRITS AND WINES AS COMPARED TO BEER BRANDS. THEREFORE THE LOAN WILL OFFER A BOOST TO MY BUSINESS.

Loan Proposal

IN MY WINES AND SPIRITS BUSINESS I WILL USE THE LOAN TO INCREASE STOCKS AND IMPROVE ON BRAND MIX IN MY SHOP.THE LOAN WILL HELP ME INCREASE MY CUSTOMER BASE AS I WILL HAVE MORE STOCKS TO SERVE THEM WHICH TRANSLATES TO AN INCREASE IN PROFIT .IT WILL ALSO ENABLE ME CREATE EMPLOYMENT AS I WILL INCREASE LABOR FORCE THAT WILL DO DELIVERIES AND SALES.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Apr 3, 2014

Repayment status

On Time

Projected term

5 weeks

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DLarson

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NicolaG

Mantova, Italy

S

Serene

Philadelphia, United States

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howard

Vence, France

Sarasota

Sarasota, Fl, United States

B

Boeing777

United States

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