Entrepreneur
Name
Michael
Member since
August 2017
On-time repayments
70 installments • 70%
About Me
I am young entrepreneur building an online bargain retail business. This started as a way to make ends meet in university but has growth to become a source of income beyond school.
My Business
The business is called Below 1000 as it sells items below ksh 1000. This is an attainable price for the majority of the population despite low incomes. I source quality affordable items and sell them.
Loan Proposal
Below_1000 is a new brand that I come up with in order to serve an under served section of the Kenyan Retail market. Our population is largely price sensitive but seems to be price insensitive to items under Ksh 1000. It is with this in mind that I started an online brand that only sells items that retail under Ksh 1000. I shall use this loan to maintain my working capital requirements. I have using this brand over the last months with surprising success and I want to keep the momentum going. Please have a look at my Instagram page to see some of the items I sell: https://www.instagram.com/below_1000/
Having you on board as I go on this journey would be a pleasure.
Hope to work with you.
Regards,
Maina Murage
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Loan Info
Project Type
Classic Loan
Disbursed amount
$102.00
Date disbursed
Oct 30, 2018
Repayment status
On Time
Projected term
2 months
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