Buying more inventory for my electrical shop
Didymus
Nakuru, Kenya
100% repaid
Entrepreneur
Name
Didymus
Member since
October 2016
On-time repayments
68 installments • 24%
About Me
I am a hardworking guy since childhood. I attended primary in Mombasa where I passed well and joined Afraha High School from there I went to Kisii University and did a BSc. Actuarial Science. Currently doing an accounting course(KASNEB- CIFA) as I think of my masters when I get enough funds. I never lose hope easily and usually work hard to achieve my goals. I like serving my fellows in the community that's why I started farming and selling my produce to the locals. I overcome hardship on campus by working part-time and also opening some snacks shop which I sold to students to raise extra cash owing to the fact that I lost my parents immediately after high school. I could like the best for my siblings since they look after me as their role model being the firstborn.
My Business
I have leased a small farm where I plant my vegetables for sale. Also saving in a fixed account to buy a bigger farm to do commercial farming in the near future .
Loan Proposal
I will buy small appliances for the shop like bulbs, wires and bed switch this will increase my revenue hence increased profits in the business and growth also will be on the rise hence good economy.
To the community the appliances will be easily available to them so service delivery will be of the highest quality.
The profit margin is usually great and you can achieve a profit margin of 20% if the clients don't bargain a lot.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Nov 2, 2016
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
San Francisco, CA, United States
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