Buy new fridge to keep pure drinking water cold

John Ochieng`

Likoni, Kenya

35% repaid

Entrepreneur

Name

John Ochieng`

Member since

June 2014

On-time repayments

35 installments  •  51%

About Me

I am John Ochieng` Wasike, I was born from western Kenya, Busia District, Ikonzo Village. I went to Ikonzo Primary school that I sat for My KCPE Exam in 1996 and later i joined St.Joseph`s Bumutiru secondary School and finished my O-Level in 2000.I am the only Son. I am a married man to one wife. I ventured into a business to earn a living and help me to raise my cousin’s school fees. During my free time i also train martial arts students and Aerobics for fitness

My Business

I operate a shop of selling food Commodities, sanitary towels and cereals. My customers prefer my business because i sell cheaper than the other Retailers. The business is profitable because of high returns, the risk that I face is competition from other shops after they noticed that I have many customers because my commodities are cheap thus i am forced to go and collect my goods from the main distributors. I want to improve it by adding more products to meet my customers demand and make more profit that will enable me to repay this loan on time.

Loan Proposal

Hi Lenders! Here I come again for the second loan to buy a fridge which I will use to keep pure drinking water cold which is surely bottled water in different varieties. if my loan is funded in full, i will use the entire amount to purchase a fridge to keep my customer in need of cold water during this hot season.however, with the purchase of the fridge my profit margin will increase by 50% of which will enable me to repay the loan funded easily. i will be very happy to see my customers taking clean and purified water for their hygiene.Thanks

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$142.00

Date disbursed

Apr 7, 2015

Repayment status

Late

Projected term

3 months

Other loans

Lenders

sebastienrosa

Quebec, Canada

jan73

Eugene, United States

mepster

San Francisco, Ca, United States

S

Stephan

Netherlands

Robert

Sweden

MW

Matt Willis

United States

JM

John Meserve

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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