Entrepreneur
Name
Stepen
Member since
July 2015
On-time repayments
156 installments • 90%
About Me
I was brought up in a village called kwabwai east. I liked it very much because we were many there as a age set childhood. We lived one another a lot as if we were siblings.
My education was quite challenging because of long distance to school.
Despite all this I persevered and worked to attain my goal which was to finish high school. Business studies was my favorite subject, so when I left form four my mind was set on starting a small venture to sort out people’s challenges and make money out of it. I decided to start a small bureau with a hired computer.
I like dealing in ICT systems and I would my siblings to be greater enterprenuer than me . My pastime has been a lesson to me and my expected offspring that there is success after smart struggle.
My Business
Am going to initiate two in one business whereby just beside my cyber caffee am going to open home chemical for making liquid soap, jik, detol, sanitizer and other.
This business is good and in demand because ther is is otubreak of corona virus and everywhere there s washing of hands and sanitizing meaning that my shop will be the provider of these raw material of making these products.
My cost will be 430 USD whereby 80 USD for business permit, 100 USD for rent and renovation, 200 USD for stock and 50 USD for business emmergency.
Revenue will be around 1000 USD.
I will use my 1/4 of profit for schooling my children,1/2 of it for reinvestment, savings and 1/8 for home improvement and 1/8 of it for charity.
Loan Proposal
I will buy books to sell. Because i have already having a functioning cyber i will renovate it make shelves and buy new curriculum books for the new Kenyan education system. I will start with four basic subject in which per each I will spent 100 US Dollar which will give a total of 400 US Dollar.
I will renovate it with shelves which will cost 80.9 Us Dollar.
This will double my income and a swell as help the community not go far to search those new books for new curriculum.
am expecting 50% profit increase in my business
Income Source
This business is good and in demand because ther is is otubreak of corona virus and everywhere there s washing of hands and sanitizing meaning that my shop will be the provider of these raw material of making these products.
Immidiately after I have set a shop the sale is going to pick up instancely and I will be able to pay my loan on weekly bases.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$400.00
Date disbursed
Nov 3, 2020
Repayment status
Late
Projected term
4 months
Other loans
Lenders
United States
Saint Paul, United States
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