Bulk purchase of corn and peanuts at harvest

Stephhen

Kayole Nairobi, Kenya

80% repaid

Entrepreneur

Name

Stephhen

Member since

December 2012

On-time repayments

39 installments  •  54%

About Me

Am born and raised in molo in mona village,am married with two children in primary school and the other one at home.i sell ground nuts in buruburu next to jimlizer hotel.my educational back ground was not able to finish my primary school due to lack of finances .my parents were not able to finance nmy schoool so i decide to vcenture in to business with my level of education i want able to secure a job so i started selling second hand cloths then left to ground nuts.i stop selling clothes because it was door to door and it was seasonal,so i stop for groundnuts because its profit was huge comparing to my business

My Business

i sell groundnuts and boiled maize at buru buru next to jimlizer hotel. I started the business with some savings which I got from selling second hand clothes. There is demand of goods because the services, quality products, customer care compared to my competitors. The challenges facing the business when maize is out of service, the demand grow low, I run my business in an open air, so which makes it hard day if under scorching sun. When prices get hiked and am not able to pass them to the customers. Given the way I will expand the business open more brands. Montly costs 150,000 Ksh, profits 40,000.

Loan Proposal

I, Stephen Kariuki I wish to apply for the above selected loan amount whereby I want to use the amount in continuing expanding my business which will bring more profit.

I will be glad if you will be able to grant me the loan because i want to get more stock for my business so that my work will be efficient and effective.

Lastly I want to appreciate your organization because if it were not for your good work which you are helping people I will not be where I am today may the Lord bless you and give you strength so that you will always be in a position to help.

Waiting to hear from you soon.

Thanking you in advance.

Yours faithfully


Stephen Kariuki

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$222.00

Date disbursed

Jun 2, 2015

Repayment status

Late

Projected term

3 months

Lenders

P

phangsang

Seattle, United States

A

anonymus

Moon, United States

birtom

Ettlingen, Germany

Bobrm2k3

Charleston, United States

M

msaari

Tampere, Finland

N

neumans7

Vienna, Austria

Evan Lamos

Brussels, Belgium

mepster

San Francisco, Ca, United States

NathanMoore

United States

S

Stephan

Netherlands

MW

Matt Willis

United States

Paul

Seattle, United States

JD

Jeff DePree

United States

CM

Coen Muller

United States

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