Loan to increase stock for my shop (soap, wheat flour, soft drinks)
Ooko
Nairobi, Kenya
100% repaid
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%.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Sep 1, 2015
Repayment status
On Time
Projected term
10 months
Other loans
Lenders
United States
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