Entrepreneur
Name
Mary
Member since
April 2017
On-time repayments
20 installments • 60%
About Me
Am the last born in a family of seven siblings.
My dad past away when I was two years old.
My uncles and my siblings played a very big role in my education.
Luxuriuos life was not part of me.
Focus and determination was the key to my success.
Currently, am married.
Since my current job cannot satisfy all my needs, I started a small business.
Am trying my best so that my children get quality education and secure good jobs.
Here in kilifi, it's too hot.
My hobby is travelling and doing community volunteering work.
My Business
It's a business of selling clothes.
The clothes are in demand since they are basic items and people must wear them.
I choose this type of business because clothes sell fast thus making me earn profit.
My costs are spending on food, medical other investments like houses and school fees for my children.
My revenues are my salary as a teacher and the profits from my business.
I use my profits to cater for the above epenses.
Loan Proposal
Hope this finds you well.
I have been having challenges that my bussiness was not growing.
I could not be able to sell the stock faster .At first the market was good but after some time I was forced to relocate and this was the cause of all problems.
The proceeds of the business could not cater for all my needs.
Since the business is small it could not be able to resist the much pressure exerted on it.
Thus ,it closed down. I had to struggle repay the loan .Thats why it took too long.
I appretiate your patience in my slow repayment.
ATleast I managed to finish repaying. Now I want to start the business again because I have found a new place to do it.
I promise to co-operate so that I can reach the higher credits limits so that I expand my business.
Thanks in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Jun 26, 2018
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
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Ahadi Feb 13, 2018
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