Additional shop

Edwin

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Edwin

Member since

June 2015

On-time repayments

30 installments  •  73%

About Me

I run a chain of stationery shops . the shops are six and located in different towns adjacent to each other . I've employed 20 employees . I'm a phd student ,a single parent , and a social worker for communities around my businesses.

My Business

my stationery business has six branches running in different towns. I've employed 20 employees from communities around my branches. each branch has an average net profit of € 2000. The projection this year is to expand 4 more branches and diversify my products.

Loan Proposal

I have five shops in different locations .
The business was established in 2015 .
The business has diversify and im now importing photocopy papers and men accessories .
I have ten employees . The Deposit required for the new shop is $500 . I have $350. The Loan will cover the deficit. The stock for the shop is already secured . The new shop will offer job opportunity for two employees . The new shop will increase my net profit .
The Loan is secured because my weekly returns are way far above the required repayment . i.e $7500 .
I look forward for a favorable response and thanks in advance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$175.00

Date disbursed

Mar 14, 2018

Repayment status

On Time

Projected term

6 weeks

Lenders

Paul Buchheit

Mountain View, United States

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