Am going to use the loan by adding more stock in my shop. the loan will boost my business at a very high rate
Jackson
Subukia, Kenya
6% repaid
Entrepreneur
Name
Jackson
Member since
December 2012
On-time repayments
277 installments • 7%
About Me
Am the second born in a family of eight with three sisters and a brother. I live in Subukia a small town in Nakuru sited in Rift Valley. I sat for my KCSE exam at Wei Secondary and later joined Nation Campus where i took a course in iT.i started business so as to further my education and make profit for the future.most of my earnings from my business are for expanding the business and savings.i also pay rent and bills so as to continue with the business without interfferance from the revenue authority.i also manage to support my family with cash for example paying fees to my siblings thus receiving blessings from God and parents.
My Business
My business is a single business dealing with mobile phones and accessories, there is high demand for goods and services despite of the competing market due to availability of customers' preferences and wide rage of products, also good customer relationship. I make a cost of 4000 including house rent and power bill, a sale of approximately 30000 thus making a profit of 10000 or more. The business faces a risk of low market due to low demand for goods and services and this is solved by provision of another supplementary commodity whose demand is high.i also educate my customers on how to use their new products thus making them aware of what they are buying.by so doing i have so many customers both young and old.my products are also modern thus fitting the competition.my products are also cheap compared to the other competitors thus attracting more and more customers.my products have warrant thus the customers have no doubt with my product because they are guaranteed of durability of what they buy.
Loan Proposal
Am going to buy mobile phones, back covers, fancies, housing, batteries, memory cards, flash discs, headphones, earphones and any other thing that goes hand in hand with mobile phones. This will lead to attraction of more customers because I will make sure I have everything that a customer wants and with that it will make a good beginning of the year 2014. The loan will make me comfortable in meeting some expenses like license and rent. Kindly support me in this because I have a dream of being so much ahead and successful by the end of this year. I will be very grateful to you and thank you very much.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$738.00
Date disbursed
Feb 5, 2014
Repayment status
Late
Projected term
62 months
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