Application for a loan to finance my shoe business

Timothy

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Timothy

Member since

February 2018

On-time repayments

19 installments  •  11%

About Me

My name is Timothy Mureithi Wachira.
I am a middle aged person brought up in a family of 8 people.
Am currently pursuing a degree in Finance at Mount Kenya University.
I was brought up from a humble beginning and one of my hardships was to get good education because of financial constraints.
I started my own business from savings and a small loan from a micro finance institution.
One of my hobbies is travelling especially the domestic tourism.
My culture embraces diversity and friendships among members of the estate.

My Business

My main income source is employment income although I compliment it with a small shoe business which gives me extra income.
The shoe business helps to compliment my employment income.
I would like to increase the capital of the shoe business so that it can generate more income.
The business has been in operation for the last one year and i would like to expand it to include a cloth line.

Loan Proposal

To stock my shoe business.
It will increase my income level.
It will increase by 20%.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$10.00

Date disbursed

Feb 20, 2018

Repayment status

On Time

Projected term

2 months

Lenders

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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