Entrepreneur
Name
Derick
Member since
August 2017
On-time repayments
94 installments • 49%
About Me
Am Derick kavai mwashi. Am 23 years old I was born in sabatia western province but currently I live in Nairobi this where I own a small movie shop along side going to school. I come from a family of 4, i am the third born. After completing high school I joined Tuk University in Nairobi where I study hotel management, it's taken me a while to complete this course because of limitations of finances. Since I have other siblings who are also in university and we all depend on our parents.
I decided to started this business to lessen the burden my parents had. That way am able to take care some of my bills like my hostel fees feedings and a few other things.
My Business
I own a movie shop and I have done this business for the past three years. I started this business in order to give a helping hand to my parents who at times struggle to meet our financial needs.
I usually attend to my business after classes and weekends and most of my clients are my school mates so most of the time I do make deliveries to them while at school.
The challenge that I face mostly is the capital to buy blank DVDs. Since my whole business depends on the availability of the blank DVDs.
At times a lose clients due to lack of DVDs and this is a challenge I would like to overcome and be able to have DVDs that can cover me for a long time.
In a month I make an average of kes 25000. I use this amount to pay for the rent of my business premises and the electricity bill. Then the remaining amount I use it to pay some of my bills and also make sure I do a little savings even if it's 200 this comes along way sometime.
Loan Proposal
I will use this loan of KES 500 to buy a pack of blank DVDs.
This will help me meet delivery of some new orders I have and will help me continue offering services to my clients.
Hopefully my profits will increase and this will help me pay my loan on time.
Thanks for giving me this opportunity to grow my business its my sincere hope that you will have faith in me and my business and fund my loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Aug 22, 2017
Repayment status
On Time
Projected term
2 weeks
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