Buying iron sheets for expansion of my shop
Daniel
Bondo Usenge, Kenya
24% repaid
Entrepreneur
Name
Daniel
Member since
January 2015
On-time repayments
210 installments • 46%
About Me
My name are Daniel Anditi ,I was born on 12.08.1963 in Nyanza province Homa Bay County,Rachuonyo ditrict, Kabondo division,Kawuor Location, Miriu Sublocation,Kotuoya village,I migrated to Bondo District about 8 years ago.I am the third born out of six siblings .
I went to Nyandolo primary school 1974 to 1980. I joined Nyabondo high school 1985 to 1987.Iam married to one wife and six children.The first born has completed university,second born is second year in university ,three others in high school and one in primary school.I do part time work as a pastor of Christco church in an area called Usenge and my main business is genaral shop keeping.
My Business
The name of my business is called NYALOKA GENERAL SHOP located at Usenge beach just next to water on the right as you stand at the beach facing Lake Victoria.
I sarted business in the year 2008 with a capital of ksh.40000 but now running to ksh.300,000.the income I get I use it to pay bills ,school fees for my children and get part time work that I do also as a constructor and as a pastor.
My monthly takings are usually around 400 US dollars, costs 165 dollars, resulting in a profit of 235 dollars.
The following is how I normally use profits from the business :-
10% I give tithe to the church
70% Up keep i.e food and rent
5% Savings
15% I support my aged mother and two siblings
Loan Proposal
When I am given this loan Amount then I will buy 25 Iron sheets to expand my shop at the total cost of 250US Dollars.
This will make stock more goods than before for there will space which is enough to do so therefore I will get more profit and my customers will get all the verities of good they always need in my shop.
When this loan amount is funded and implemented then I expect this Business to increase by 40% this year and the more the coming year.
Thanks again in advance for considering to fund me again for the third time in life
and I promise to be faithful again as I have been in the last two loan I have serviced
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Loan Info
Project Type
Classic Loan
Disbursed amount
$384.00
Date disbursed
Apr 12, 2016
Repayment status
Late
Projected term
68 months
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