150 installments • 11%
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.
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.
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.
Jul 3, 2014
Cost to entrepreneur
Lender interest: $1,087.35 at 8.95% annual rate over 31 months = $250.78
Service fee: $100.06