Entrepreneur
Name
Charles
Member since
December 2011
On-time repayments
79 installments • 47%
About Me
I am 40 yrs old, married with two daughters, i work with macken services as a driver and i have a small business which i run along with my wife. I have a small shop where i sell basic household items and foods in the slums of Mukuru in Nairobi. i started the business to supplement the income which i earn as a driver which is not enough to feed and educate my children.
My Business
I sell consumable goods like soaps, sugar, cooking fat, sodas, salt, tissues and all other small basic items the good are in high demands as this is a highly populated area and people buy what they use on daily basis as this area is inhabited by poor and casual workers. i have many customers as i have been running this business for more than ten years and many customers are my neighbors and i know them personally, the business is profitable as the goods i sell are packaged in small quantities so i sell many units and they are basic family needs. In a month i buy stock worth about 60000 [672 USD] which i sell at about 80000- 90000 [896-1008 USD], i make a profit of 10000-15000 [112 - 168 USD] after deducting my costs of rent and transport and other expenses
Loan Proposal
Dear lenders thanks for another chance we interact, I am seeking another loan after clearing the first one. The loan you gave helped my business very much and i was able to improve in sales and bought a cow which has matured and its about to give birth, i am looking forward to another loan of 50000 which i plan to put all into the business, the business has been down during and after the elections and its now showing signs of progression
About Me
I am 43yrs old ,married with two daughters, I work with macken services as a driver and i have a small business which i run along my work with my wife. I have a small shop where i sell basic household items and foods in the slums of Mukuru in Nairobi. I started the business to supplement the income which I earn as a driver which is not enough to feed and educate my children.
My Business
I sell Domestic consumable goods like soaps ,sugar, cooking fat, sodas, salt ,tissues and all other small basic items the good are in high demands as this is a highly populated area and people buy what they use on daily basis as this area is inhabited by poor and casual workers. i have many customers as i have been running this business for more than ten years and many customers are my neighbours and i know them personally, the business is profitable as the goods I sell are packaged in small quantities so i sell many units and they are basic family needs. In a month i buy stock worth about 60000 which i sell at about 80000- 90000,i make a profit of 10000-15000 after deducting my costs of rent and transport and other expenses
Loan Proposal
Dear lenders thanks for another chance we interact, I am seeking another loan after clearing the first one. The loan you gave helped my business very much and i was able to improve in sales and bought a cow which has matured and its about to give birth, i am looking forward to another loan of 50000 which i plan to put all into the business, the business has been down during and after the elections and its now showing signs of progression
Feedback
Positive
7
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$614.00
Date disbursed
Jun 2, 2013
Repayment status
On Time
Projected term
16 months
Other loans
Lenders
London, United Kingdom
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