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Stanslous Jambo

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Stanslous Jambo

Member since

December 2018

On-time repayments

7 installments  •  43%

About Me

My name is Stanslous Jambo Haro from Kenya. I operate a shop and transport business in Malindi. I was born in a family of four boys. My Mother passed away when I was in class 2 and had to be taken care of and educated by my uncle up to university level. I started my business after taking a loan from our Institutional sacco. Kenya is rich in heritage resources and its a peaceful country. One of my children is at the university while the other two are in high school. The eldest is studying Biochemistry while the other two aspire to become a lawyer and Neurosurgeon respectively. I like playing draft and meet friends to discuss issues affecting out community.

My Business

I operate a shop and transport business in Malindi, Kenya. Apart from the transport business, I sell household items. These are basic goods which are consumed by every one in the community. Retail shop business involves selling goods such as rice, sugar and detergents which are fast moving. My costs in the business include purchases, payment of rent and electricity. I use the profits to reinvest in my business.

Loan Proposal

Buy additional unique merchandise for my shop

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$17.00

Date disbursed

Feb 19, 2019

Repayment status

On Time

Projected term

1 week

Lenders

John Minges

United States

Jonathan Ely

Aldershot, United Kingdom

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  • Stanslous Jambo    Feb 28, 2019

    I will use this loan to purchase rice, sugar and beans to sell in my shop. The loan will add value to my business by getting more profit which will in turn help to expand the business. I thank you my lenders for the financial boost.

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  • Stanslous Jambo    Feb 23, 2019

    I used my last loan to purchase as add up capital to purchase cereals for my retail shop. It has been amazing since my sales grow and the profit margins are high by half.

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  • Stanslous Jambo    Feb 14, 2019

    I used my last loan to buy airtime for my phone so as to call suppliers to bring me stock to my shop

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