Buy refrigerator, sewing machine, and M-Pesa float
Stephen
Juja, Kenya
6% repaid
Entrepreneur
Name
Stephen
Member since
February 2015
On-time repayments
144 installments • 72%
About Me
I was born in 1990 in a small village interior of Central Kenya in the slopes of Abadere Ranges.I went in the rulal school Known as Ndunyu Njeru primary school in the year 1998 which I completed in the year 2006.You realize I school for nine years instead of 8 irrespective of I being a very brilliant person in class .I was forced to study an extra year due to financial constrains .I have been born in a single family in a family of four and my mother is a peasant business person she could not make to raise money by that time for me to join my secondary education .This became my driving force where I wished and prayed that things one day would be different.An year later I joined secondary school education despite great financial constrains ,God gave me great wisdom and I was able to manage scoring grade to join my university education . It was this time mum sold our only piece of land for me to join school .I could not imagine how it would be with my younger siblings. This gave me a dipper thought of what I would do and support my mum in raising my university fee in the coming years and also support my siblings. I saved Every coin. In second year long vacation, I had raised some about 320 us dollars. I started hocking in the university halls of residence.I did this on evening after my studies when I resumed to studies .God gave me His favor that after a good time I was able to start up a boutique outside the university which I am running to this minute.My dream is seeing my younger siblings and mum live a good healthy and comfortable life.
Life Insight.
When free I give social encouragement and spend time with the needy.I have a dream soon I am going to have a children orphanage so that I extend my hand to that needy person out there.My major interest is to see the life of the street children Who I spend much of my time with become different . I invite those of who may be having a heart for the orphans and street children, councelors , and those willing to adopt children between ages of 5 and 12 years to visit me in Juja where currently the numbers of this steet family have realy increased . Some of this children have been negleted by parents who are alcoholics and drug addicts . Its my prayer that my concern shall be consindered. Juja and paticularly Gachororo have been greatly affected by alcoholism and drug abuse. Kindly I invite those of willing heart to come visit and also fund in my campaign of creating drug awareness.
My Business
Having been able to raise my university fees support through selling clothes and shoes to my colleagues in the university ,I understood this was also a great investment I could do. I therefore choose my business out of the good return it hand given me as I did it on my part time after classes. Currently I give the following services :- boutique which entails trendy outfits,jewellery,shoes,plastics ,makeups and I also offer tailoring services.
I also now offer mpesa services in two shops. Where I purpose to and beverage such as sodas fresh fruit juice among others.
I pay a rent of 65us dollars per month in one shop and 72us dollars on the other. I also pay 96us dollars for my business permits for the two shops annually.I have two employees and they receive 90us dollars each per month as salary. I also pay an average electricity bill of 30us dollars. I spend part of my profits in business expansion that is by ensuring I do not run out of stock,supporting my family and also supporting the needy in the society. Now part of my profits will be used in repaying my loan.
Loan Proposal
Dear lenders,
thank you for your great support this far. Without you I would not have made to complete my studies, raise a business or even have a family .May God Almighty bless you as you purpose to lend me again.
Below is my business plan.
-Refrigerator 350us dollars
-10crates of sodas @150 us dollars.
-fresh juice 500ml ,30packets @40us dollars
-yourgut 500ml,30packets@40us dollars. And 250ml, 30packets @22us dollars
-A sewing machine 150us dollars.
-Mpesa float 150 us dollars .
Total=920us dollars
-Members loan fund =360us dollars
Dear lenders the above budget will help my business grow with about 330us dollars monthly .The profits will be used in repaying my loan, growing the business, supporting my mum and siblings, charity work to the street children in my area,small savings.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,320.00
Date disbursed
May 26, 2017
Repayment status
Late
Projected term
149 months
Other loans
Lenders
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nicole May 5, 2017
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