Business expansion

Daniel Ajulu

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Daniel Ajulu

Location

Nairobi, Kenya

On-time repayments

41 weekly installments  •  100%

About Me

My Name is Daniel Obudho, i am a graduate of Economics and sociology. I left employment in 2014. Started very small in business, little capital and support from family. Its not been easy, persistence has kept me going. Due to low funds and bad choices my business has gone through a lot of storms and still stood. i have learnt to be master of all, i diversify a lot.

My Business

i have M-pesa, Equity and Family agency, at the end of the month the agency pay me commissions, i diversify a lot, i have a photocopy machine, a have 5 computers that i use for cyber purposes and i also sell pop corn in my shop. i am situated next to a clinic i plan to stock items such us pampers and item that can be bought by expecting mothers , also want to add cooperative agency. I have employed 3 persons plus my wife. My First born is to join form one next year

Loan Proposal

I want to construct shelves for my shop. The purpose of shelves is for display of the additional wares that I intend to sell and also to make use of the wall space hence fully maximizing the space in my shop

Income Source

My business is an ongoing business, the main business proceeds and profit will help repay the loan. The wares that I want to sell are well thought of and complementary of which I believe they will be fast moving goods. My business is located next to a clinic and my clients are mostly prenatal and post mothers who come to do photocopy in my shop.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$34.11

Date disbursed

Oct 11, 2020

Repayment status

On Time

Projected term

3 weeks

Cost to entrepreneur

Service fee: 10% of $34.11 = $3.29

Credit risk payment: $2.30

Lenders

Vincent Strangio

Pittsburgh, PA, United States

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