Entrepreneur
Name
Archibald
Member since
February 2017
On-time repayments
17 installments • 18%
About Me
i have college degree and i started doing my business out of need to survive. Im looking forward to increase my limit so that i more capital and improve my business. There is a big potential in kenya in so many businesses but main challenge is capital. I believe enterprenuershp is the key in any economic development and the governemnt is not supporting small business till they become big business.
I strted my small business out of savings and at the moment i have already break evened
I would dream that my kids instead of looking or blue colour jobs when they grow up, its better they join and put hands together for the family business to grow
for my hobby, i have dairy farming farm thogh its not commercial yet but i hope one time it will be as it has alot of potential
My Business
i do sell gas, at the moment i do make some profit but my dream is to epand so that i can alo create employment
In kenya the middle class and upper class use gas in their dailly cooking and sometimes lighting. Lowwer class use kerosine and small sized gas. The goverment has been advocating or use of gas to controll the illness that come from use of kerosene
I chose this business as it require little statring capital usd 1000 an has potential to grow
My cost are purchasing gas, rent for the shop and my staff. My revenue is from sales
At the moment im reinvesting my profit as i have other income from dairy farming project
Loan Proposal
IM requesting for the loan to increase my stock in my business for gas. I still dreaming one day to have higher limit so that i can manage to do something bigger in bussiness
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Oct 4, 2017
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Netherlands
United Kingdom
Ask Archibald a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.