Buy bicycle for transportation of goods for my shop

Wambua

Matungi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Wambua

Member since

February 2015

On-time repayments

63 installments • 37%

About Me

My names are John Wambua a graduate in statistics from a local university,,Am married with one kind,,after graduation due to lack of employment i chose to venture in small business.I love singing being choir master of my local catholic church,,also am volunteer with RED CROSS Kenya,,I started the business from encouragement from my friends and also my personal intrestest in order to be able to sustain my family,my wife have been an inspiration towards my success by giving me moral and physical support..

My Business

I own a shop at my rural area which i usually sell the essential commodities to the nearby community around,,there have been a tremendous growth of the business since i started it.My number of customers have generally doubled in the past six months who mostly compromise low level income earners usually farmers,,also have usually being saving my profit which i usually plough back to the business to add stock,,

Loan Proposal

I will spend half of the loan to add stock to my business ,,i will mainly add more rice and maize flour which are usually first moving commodities in my shop while the second half i will use it mainly to buy bicycle to be able to transport goods from market to shop ,this is because there place is remote and no roads network and bicycles are the main means of transport.i appreciate in advance lenders who will have heart to lend me and promise to repay the loan accordingly .I will expect the profit to increase by 50 dollars per month