Entrepreneur
Name
Timothy
Member since
August 2015
On-time repayments
22 installments • 36%
About Me
My name is Timothy Karibu,born 29yrs ago near the Aberdare mountain in the cold Nyandarua county.I attended Munyeki Primary school,which was eight kilometers from my home.Nevertheless i worked hard and attained good grade in my final exam.I am blessed with one daughter who aspires to be a musician.I love to travel with my family during my leisure time.
My Business
My business involves the sale of common household items:a general grocery shop.Most of the goods are bought from the wholesalers while some are delivered to me by suppliers.
I chose the business because of the high population around and few shops meaning less competition.I supplement with beauty products and non-conventional medicine.
My main costs include buying of goods which usually costs me around 7000 KSH per week,rent 4500 per month and other bills.
In a month ,i get a net profit of approximately 8000KSH which i use to grow my business,and cater for my daughter.
Loan Proposal
wish to increase my variety by adding drinks/beverages in my business.in this hot weather,bottled water and soft drinks are on demand.would like to take the opportunity so as to increase my customer base
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Loan Info
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Jan 25, 2017
Repayment status
On Time
Projected term
6 weeks
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