Entrepreneur
Name
James
Member since
May 2016
On-time repayments
83 installments • 67%
About Me
My name is James Kwafo. I am a hard working and versatile young man who loves humanitarian services. I am very kind and tolerant. I completed high school and made the decision to venture into business: buying and selling of goods. I am into a supermarket where I sell consumables used daily in the household, hence my profit comes daily. That is where I seized that opportunity to venture into that business. Demand is very high due to its closeness to an institution. At the moment, getting more stock is difficult because of lack of capital. I believe in money working for you, like Robert Kiyosaki rightly said.
My Business
I am into retail of provisions, what is known best as a supermarket. The shop is located in a school compound, hence it is in high demand by the students. I chose this business because it is a basic commodity needed by everyone. And also the student were in need and found it difficult getting such items. Therefore, I utilized the window of opportunity when it was spotted. I get my profit from basically buying and selling the goods. I use the profit to reinvest into the business because it is still growing. I frankly need this money basically for stocking because demand is very very high.
Loan Proposal
Currently the money am using to run my provision shop is small. So this money will be used to increase my stock so as to meet the increasing demand by costomers. Customers will now get whatever they need ,while my profit also increases. Should the loan be provided my profit is expected to increase from $6 daily to $12. This is a significant increase in profit the will make me able to pay the loan on time
About Me
My name is James kwafo . I am work and vertitile young man who loves humanitarian services. Very kind and tolerant. I am into supermarket where I sell consumables used daily at the house hence my profit comes daily. At the moment getting more stock is difficult because of capital. I completed high school and made the decision to venture into business : buy and sell of goods. That is where I cease that opportunity to venture into that business. Demand is very high due to it closeness to an institution. I believe in money working for you like Robert Kiyosaki rightly said.
My Business
I am into retail of provision. What is known best as super market. The is in located in a school compound hence it high demand by the students. I choose this business because it is a basic commodity needed by everyone. And also the student were in need and finds it difficult getting such item. Therefore I utilised the window opportunity when it was spotted. I get my profit from nasically buying and selling the good. I use the profit in reinvesting into the business because it is still growing. The frankly need this money basically for stocking because demand is very very high.
Loan Proposal
Currently the money am using to run my provision shop is small. So this money will be used to increase my stock so as to meet the increasing demand by costomers. Customers will now get whatever they need ,while my profit also increases. Should the loan be provided my profit is expected to increase from $6 daily to $12. This is a significant increase in profit the will make me able to pay the loan on time
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Loan Info
Project Type
Classic Loan
Disbursed amount
$250.00
Date disbursed
May 16, 2016
Repayment status
On Time
Projected term
9 months
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