Loan to increase stock for my shop (soap, wheat flour, soft drinks)

Ooko

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Ooko

Member since

August 2015

On-time repayments

115 installments • 18%

About Me

Am a first born in a family of four, a business man and a born again person.
Missing out on university education due to inability to pay fees was the lowest moment of my life. But i picked myself up did manual jobs, and after saving the little monies i got after sometime, i was able to start up my business.
My hobbies include swimming, travelling and listening to music.

My Business

My business is basically a shop which deals in home supplies.
I decided to start this kind of business because i thought the demand was sufficient to sustain it.
My typical costs include:
rent-$80
county permit-$30
water and electricty bill -$25
While revenue usually averages $340
I have been re investing most of the profits back into the business.

Loan Proposal

With this loan i will increase the stock volume by purchasing the following items;
Wheat flour- $14
Soap-$28
Soft drinks-$18

This will improve the business stock volume thereby boosting the business' ability to satisfy customers.

After settling the loan inclusive of the membeship fees, i project an increase in profits by atleast 3%.