Add more stock and renew license for my shop
Jamila
Njoro, Kenya
7% repaid
Entrepreneur
Name
Jamila
Member since
February 2015
On-time repayments
200 installments • 12%
About Me
I was born and raise in Nakuru by a single mother.After high school my mother could not afford to pay my college fee so i started working for one of my neighbor as a sales lady.I started saving of which after several years i started my own business in Njoro Nakuru county.Now my dream is to work hard and be able to save so that one day i could pay for my college fee.
My Business
In my business i sell food staff which i buy from a wholesaler then resale it at a smaller quantity to my local customers.I decided to start this business more than three years ago so that i could get myself employed and be able to earn more because where i was working i paid very low.My biggest challenge is lack of enough capital to run my business that have been forced to buy on credit.My business future goal is to be able to expand my business to a wholesale business in future.
Loan Proposal
I take this opportunity to thank you so much for your last support through your loan.The loan really boosted my life and i was able to improve my life too,now i kindly request you to support my second loan.
With this loan $ 150 i will use to buy sugar,soap, baking flour,maize flour,cooking fat and oil,rice and salt at a wholesaler price getting a discount of 30% which will make my product more affordable and hence i will be able to attracts more customers which will enable me get more profit.Then $50 i will use to renew my license because now many shop which are operating without license will be closing because the county Government is now strictly on license.So during that period i will have less competition if my license is renewed on time hence be able to sell more and increase my profit.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$201.00
Date disbursed
May 11, 2015
Repayment status
Late
Projected term
44 months
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