Entrepreneur
Name
Odari
Member since
March 2017
On-time repayments
174 installments • 25%
About Me
I was born and raised in Vihiga county in western part of Kenya.My parents died when I was very young at age of 7.I was taken in by my grand mum who raised me together with my other siblings.She used to work on the farm to raise money for my school fees.I did well in my 8th grade examination and by that time my elder brother had landed a job as a shop assistant where he raised money for my high school fees as well as assistance from the well known constituency bursaries fund.I passed my 12th grade exams with a B(plain) of 65 points back in the year 2010.I qualified to join university, that is moi university.I have been on and off from school since joining in the year 2012 to pursue a degree in Education (arts) because of school fees.I managed to overcome the hardship since I did a part time teaching job at a local school,raised money that I used to start a shop selling house hold items and food.where I live,people value cows and growing wheat.They love what we call 'mursik' a popular drink of milk.They love running too.I don't have children yet.I am a writer.That's my hobby.I write Swahili novels, Swahili poems and Swahili short stories.
My Business
I sell flour, sugar, baking flour,soap,body lotions, cereals and Bread.
The goods are on demand because they are used everyday as food and keeping the body neat and healthy.
I chose this type of business because where I am located there was no one to sell the items and people had to walk for long distances to find them.
I spend 6$ on paying revenues and house rent.
I use the profits to grow the business and buy more stock of the shop commodities
Loan Proposal
In Kenya right now a bag of 50 kg of sugar goes for $54. I want to purchase a bag of sugar worth that amount and I expect to receive a profit of $8 that I will use to buy cooking oil for sale. Each kilogram of sugar goes for $1.4 and its on high demand in the area where my shop is located. Its a basic commodity among the people. I usually sell up to 15 kg per single day that gives me a profit of around $3.4. Therefore this loan will increase my chances of having more commodities in my grocery shop because each profit received is invested in something else
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$59.00
Date disbursed
Jul 12, 2017
Repayment status
On Time
Projected term
2 months
Other loans
Ask Odari a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.