Adamson
Kakamega, Kenya
100% repaid
Name
Adamson
Member since
December 2017
On-time repayments
26 installments • 85%
I was born in a humble background in and studied in a public primary school at Nakuru Kenya I grew up with a single parent mother and now am in masinde muliro university fourth year of study.Its through my hard wor
k and perseverance in lower set education untill now that I am a success.
Similarly I decided to venture in business to earn revenue to reduce pressure to my guardian.By grandmother offered me a capital and now my business is growing abit,am buy and selling clothes bedsheets,duve and other clothing.The people here in campus like door to door delivery of resources so I'Il hawk around their hostels.Its my pleasure to avail the products to them I like it.
My business is buying of clothing at wholesale price and selling them at retail price I also deal with mutumba clothing and beddings.This goods are on high demand on youth around.I raise capital of Kes 30,000 and get profit of kes.15000 upon completion my challenges is daily expenditure in daily upkeep as a student too.I use the profits in paying part of school fees and improving my business.
I would take the loan add up to my capital to budget my next stock,this is in order to increase my level of stock.I'll buy mostly bedsheets each costs 2$(kes.200) then sell them at 4$(kes.400).This will help meet the market demand as well as its a ready market like because i have peoples requests.If i avail and sell the materials my profit will increase by atleast 75% of the capital.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$18.00
Date disbursed
Jan 16, 2018
Repayment status
On Time
Projected term
2 weeks
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