Soft drinks and safe drinking water

Gor

Homa Bay, Kenya

100% repaid

Entrepreneur

Name

Gor

Member since

May 2018

On-time repayments

23 installments  •  39%

About Me

Gor Benard Ouma is a christian man married to one wife and are blessed with 2 daughters and 1 boy. We have also adopted 1 orphaned boy from my in laws. I grew from a humble background, my father who only reached grade 5 worked as a sugarcane weeder in sugarcane plantation but grew in knowledge of sugarcane growing until he became a supervisor in the sugarcane our growers section. Unfortunately when the company collapsed in 1987 we had no option but to go back to our rural home in Ndhiwa, Homa Bay district. We had to start from scratch and this didn't enable us get good schooling. I tried and passed averagely and went to secondary school where I also got an average pass. I got married in the year 2004 in a small church wedding, we had nothing in our hands to start with because I had no job at that time and the following day my wife started selling Mandazi's and locally made brown sugar to a primary school next to where we were staying. We grew from that to finally starting a tailoring shop with some little cash that I got from riding a boda boda motorbike. We have grown from that to the business you now see.

My Business

We have a tailoring and dressmaking shop and also sell basic goods in our shop. The shop is at the bus stage where customers need these small basic fast moving goods. These goods and nature of their movement gives us good revenue that helps us educate our children, improve our business and carter for our health care. We have also integrated soft drinks and clean safe water since Mbita is of high temperature and therefore people working in the sun would want cool their thirst.

Loan Proposal

I will continue to purchase soft drinks in crates @ $15 and sell @$19.40 twice a week. I shall have made $4.40 for one purchase hence in a week $8.80 and in 2 weeks $17.60 as profit from the soft drink.
I will purchase packed safe water @ $7 and sell @ $10 per week hence making a profit of $3 and in 2 weeks I shall have made $6 from packed water
I will purchased clean safe water in Jerricans and sell in cups @$3 and shall sell @$6 per week hence making a profit of $6 in 2 weeks. I shall have made a gross profit of $ 29.60 and this will help me pay for the rent, electricity and tax to the government. The remaining amount will expand the business and also support my family.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$24.00

Date disbursed

Oct 7, 2018

Repayment status

On Time

Projected term

2 weeks

Lenders

MM

Mac McKiva

United States

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Summary

Amount repaid

$24.90

Amount remaining

$0.00

Date repaid

Oct 13, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 20, 2018 $12.46 Oct 13, 2018 $12.46
Oct 27, 2018 $12.45 Oct 13, 2018 $12.45

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