Business restocking loan

Hamilton Njoroge

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Hamilton Njoroge

Member since

April 2017

On-time repayments

69 installments  •  84%

About Me

Hello, fellow lenders, my full names are Hamilton Kiruka Njoroge, ID numbers are 31650004, I live in the Capital city of Kenya, Nairobi in Kasarani Constituency. I'm a 23 year old man who has always had an entrepreneurial spirit to do good, profitable business. I'm not married, I live in a Bachelor house pad.im grateful to zidisha

My Business

My main source of income is under the self-employed section of business. I have a small but highstocked hardware where turnover of good is about every month we replenish stock since they are Highmarketable hence their shelf life is extremely short. The hardware deals with spare parts of the local cars in the city which are Toyota which makes about 80% of vehicles on Kenyan roads. Also it deals with the sell of Electrical components such as phase failures, batteries, and also solar panels since the electricity penetration in Kenya is also low .

Loan Proposal

I will use the loan to restock my business and to help it grow as the competition is fierce right now in the market. With the loan my business won't face any unforeseen circumstances. With the loan I will be able to give my business finance a deficit it has been lacking when you minus the rent and business expenses. So the loan will be put to good terms. I will also like to diverge into the market and be selling new line of stuff hence with the loan I will be able to do that. Since by diverging my business is much safer than specialising in one line since market needs change all the time. But the market need is rare to change on all the items you have diverged.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Jun 23, 2017

Repayment status

On Time

Projected term

5 weeks

Lenders

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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