Entrepreneur
Name
Simon
Member since
March 2016
On-time repayments
20 installments • 0%
About Me
I am the last born in a family of four siblings, i grew up and got my education in my rural area called Kanjora in Muhoyas Location in Nyeri County. I attained 375 marks out of 500 in my KCPE exams and a B plain in my KCSE education. I have also finished my degree course in Computer Science and now am employed under a resident engineer in one of the KeRRA projects in Eastern Kenya, Tharaka nithi county.
My Business
After a previous owner mismanaged his club and was unable to pay rent for six months. this led him to be evicted and the premises with its facilities left to the plot owner. the owner now has transferred management and ownership to me. I have consolidated some money from other sources and have bought some stock. I hope the business grows so that i can improve service and add functionality for example wi-fi connection and gaming boxes
Loan Proposal
I will use the loan to identify and locate new product sources to maximize on the profit margins. This is because some canned beer and soft drinks brands have depots which offer them at the lowest prices in the market. I have learned that with a cheaper supplier and selling at the same price leaves higher profits hence enabling me improve my business. I will travel to neighboring towns and ask of pricing and the distributors around. Also, i will collect contacts of people in the same line of service to ensure that i am informed of all the proceedings and developments in costing and regulations
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$10.00
Date disbursed
Apr 5, 2016
Repayment status
On Time
Projected term
6 weeks
Other loans
Ask Simon a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.