Buying a sewing machine for my leather shop
Noah
Nakuru Town, Kenya
10% repaid
Entrepreneur
Name
Noah
Member since
April 2015
On-time repayments
42 installments • 45%
About Me
I was born in 1968 in a family of 6 being the fifth.I started school in 1976. Being born in a family of a poor background it was a big challenge even in education,I had to endure alot as a child sometimes going without food for even two days but by God's grace I was able to finish my o level in 1989.After school I started working as a casual laborer.It was that time I started saving some money having a vision of having my own business.In 1995 I managed to start my own business which I'm doing until now.
My Business
My Business
As I've stated I started my small hardware shop business in 1995,that is 20 yrs ago,After some time I had to change for lack of enough capital and I started a small shoe shop I've been facing many challenges in my business for lack of funds.The reason is because this business is the one that feeds my family 6 children one in the university two in high school and three in primary school me and my wife,so we depend on it even to educate my children.If I can get this loan I can be able to boost my business and get more profit that's making our lives better.
Loan Proposal
When I get this loan I'll use 800USD sewing machine and 100USD to buy leather materials that I use in my leather shoe business and the remaining 100USD I will expand my shop to make the display more nit and attractive to my customers.This will improve my business and help me be more efficient to my customers.It will also improve my profit margin by 30% and so my family's life will be better even more than how it is today.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Mar 1, 2016
Repayment status
Late
Projected term
4 months
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