Motorbike to add delivery service to my electrical appliance shop

Simon Mbugua

Ongata Rongai, Kenya

5% repaid

Entrepreneur

Name

Simon Mbugua

Member since

December 2011

On-time repayments

150 installments  •  11%

About Me

I am married and i have lived in Ongata rongai for ten years , i have been doing small business in Kwale area of ongata rongai I started a business after not finding a job i borrowed a small capital from my family in 2002 where i sell electrical s and hardware accessories.with the earnings i make from the business i feed my family and educate my sibling and support my parents.

My Business

I sell basic electrical goods like bulbs ,wire, sockets,extension cables etc and hardware tools like hammer handsaws pliers measuring tapes and other small items. this is a profitable business as the goods are locally sourced and are daily consumables in the homes and construction sites. i operate in densely populated area where there is big flow of customers. In a month i buy goods worth kshs25000 and the monthly sales kshs 60000 getting a profit of about 25000- 30000 after deducting the expenses.

Loan Proposal

dear lenders Thanks for funding my previous loans. this time i am asking for another loan to enable me buy a motor bike for ease of transportation in buying and supplying my merchandise. the amount i am asking i shall afford to buy a good motorbike and it shall help in reducing the cost of doing business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,087.35

Date disbursed

Jul 3, 2014

Repayment status

Late

Projected term

31 months

Cost to entrepreneur

Lender interest: $1,087.35 at 8.95% annual rate over 31 months = $250.78

Service fee: $100.06

Lenders

E

Errol

Bradenton, FL, United States

D

Delph007

Den Haag, Netherlands

EricDWalters

Rochester, Mn, Usa, United States

KYLE LARSON

Little Falls, United States

Kitty

Hailsham, United Kingdom

G

garrybuck

Oro Valley, United States

J

JBosshardt

Redmond, United States

F

Fiodal

Helsinki, Finland

dsmart978

Bondurant, United States

J

JakeA

Wellington, New Zealand

P

PeaceandLove

Morro Bay, United States

Simon Thomas

Christchurch, New Zealand

J

Joyful

Philadelphia, United States

H

Halli

Bottrop, Germany

S

sglobal

Philadelphia, United States

J

jjonas

berlin, Germany

G

grahamfamily

Guildford, United Kingdom

T

tonilends

catalonia is not:, Spain

Cloudways

Malta, Malta

D

Dadiolafs

Vestmannaeyjar, Iceland

P

penguin3694

Chicago, United States

T

the0bauman

Hillsboro, United States

lorello

Vicopisano, Italy

ads68

Melbourne, Australia

Bhayl

Stavanger, Norway

C

caseygoff

George Town, Cayman Islands

basicus

Cairo, Egypt

K

KennaMumford

Salt Lake City, United States

G

Gwencalon

Garching b. Muenchen, Germany

camilberlin

Berlin, Germany

Bobrm2k3

Charleston, United States

C

cardiff

Falls Church, United States

C

caz32

chertsey, United Kingdom

N

Navigator

Alavus, Finland

wallymountz

Fort Lauderdale, United States

greensheep

Jakarta, Indonesia

Zal0m0n

Atlantis!!!! x), Mauritania

gseletko

South Perth, Australia

FriendinOregon

Hillsboro, Oregon, United States

Sarasota

Sarasota, Fl, United States

S

Spelbreker

Zwijnaarde, Belgium

Lambie

Perth, Australia

S

seikatsu

Palo Alto, CA, United States

Matthieu

Switzerland, France

H

harrymore

Townsville, Australia

markpearson

Portsmouth, United Kingdom

HealthcareProvider

Baltimore, United States

H

Haavard

Bergen, Norway

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

R

roozbeh

United States

M

mb210047

Miamisburg, OH, United States

cc5alive

Los Angeles, United States

R

Rootdet

Fairfax, United States

L

leumasmc

United States

joshuacollinson

Vienna, Austria

R

rbaxter

United Kingdom

P

PDNS1401

United States

Agerfar

Aarhus, Denmark

T

tmarkus

Netherlands

A

AlphaAres

Azerbaijan

Vesa

Helsinki, Finland

G

GDean

United States

Loungin

United States

Mikers

Netherlands

R

radhapatel

United States

A

AlexH

United Kingdom

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