Entrepreneur
Name
Erick
Member since
March 2014
On-time repayments
47 installments • 36%
About Me
I am amarried man with one child, i live with my family in Nakuru town at machine centre, i am a graduate from Jomo Kenyatta University where i pursued a bachelor of business Administration. Currently am working at Shiners Girls as ahigh school teacher. i attend Seventh Day Adventist in Nakuru.I am a responsible man at school, at work place and in church, i engage in motivation talks to young people.I
decided to establish the business to enable me be able to provide for my family and be able to save more money and invest.
My Business
I operate a single unit shop located at Machine Centre in the outskirts of Nakuru Town, approximately 8 Km from Nakuru. Machine Centre is along the Nakuru/ Nairobi Old Highway.
I established my business 4 years ago with an aim of diversifying my income base to subsidize my monthly salary .I opted t open a single unit shop because of its flexibility during different times of economic change .In my shop I sell mainly food stuffs and other fast moving products such as airtime and other tangibles .I also serve food to workers of a small animal feeds firm adjacent to my shop . Machine is a fast growing centre due to new settling of people and the area demographic is improving everyday.My business is facing no risk because I deal with foodstuff whose demand is effective. Customers prefer my shop compared to my competitors because I supply what they demand and at very affordable prices and good customer relationship. I have not been able to serve a very big number as I would wish due to high cost.
Loan Proposal
Thank you lenders for awarding me another credit limit.I will use my second loan to equip my shop in that i will add four bundles of wheat flour costing 80 dollars and also add loafs of bread tender since they are really in demand by my customers,that will cost me 70 dollars; then i will add a sacks of sugar 50kg costing 40 dollars, and the remaining amount i will buy maize and beans which are of high demand costing me 70 dollars.The other stock i will use the profits made there before to increase the stock. My business keeps on expanding and i expect the more.Thank you zidisha for the support you giving me, may God bless you abundantly.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$187.00
Date disbursed
Aug 19, 2014
Repayment status
Late
Projected term
8 months
Other loans
Lenders
UK, United Kingdom
Glasgow, United Kingdom
Shanghai, China
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