Name
Hannah
Member since
September 2012
On-time repayments
17 installments • 18%
I live in Kiptangwanyi shopping center which is approximately 43km from Nakuru town. Nakuru town is our nearest major town within this area. I am married with three children who are all in school. I live in plot number 31 at the shopping center where I carry out my business with my family. My business entails a retail shop at the shopping center.
My business entails the retail shop at the shopping center. I purchase my supplies from Nakuru town which is nearer and cheaper. The goods that I sell range from mere foodstuffs, home use items and other shop commodities. The main challenges that this business encounters are lack of finance to frequently increase the business stock and high cost of electricity.
Dear Lenders,
I would like to use my loan to add more stock in my business and also to expand the room in which I operate my business in. Secondly, i would like to start purchasing cereals at my shop as this is the time farmers are harvesting their products from their shambas and therefore I would like to take this chance to purchase the products at a relatively good price. I will then store the cereals and wait for the time when there is a shortage and sell them.
Positive
3
Neutral
None
Negative
5
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Sep 24, 2012
Repayment status
On Time
Projected term
5 months
Other loans
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