Selling solar lights and household utensils
Michael
Mombasa, Kenya
47% repaid
Entrepreneur
Name
Michael
Member since
February 2016
On-time repayments
165 installments • 60%
About Me
I was born and brought up in voi town in a family of two brothers and one sister. I went to voi primary school, later joined Darajani secondary school for my `O` level education.After completing my secondary education i started working as a non-skilled casual labour at any construction site i would get an opportunity to work since i didnt have enough capital to continue with my studies.i worked for one years and found another job in kenya neat garment(e.p.z). i saved money so that my dream would come true and i started my own business with my savings.i like socializing and reading
My Business
My business entails buying of household product at whole sell to retail prices. I sell home utensils,plastic stands,plastic basins,buckets,chairs,small mattress and school bags.Most people home uses plastic tools eg chairs,basin so there is large number of order for the goods each day.i choose this business due to availability of ready market and easy access of the selling materials and new products from mombasa city also because of the upcoming factories which is enabling many people access the goods.i pay tax, license for the business and also i pay land rent.I use the profit in adding more products, educating my children and helping my parent at home
Loan Proposal
I would purchase Solar rechargeable lights for $80, i will also purchase woven baskets for $ 35, small recyclable plastic chairs & Table for $ 90, sisal door mats for $40 and home utensils for $45.
i will increase my sale hence be able to hire someone else to assist in the business
my business will grow and profit will increase by 25%.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$285.00
Date disbursed
Nov 18, 2018
Repayment status
Late
Projected term
8 months
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