Entrepreneur
Name
Lucas
Member since
April 2017
On-time repayments
20 installments • 65%
About Me
My name is Lucas, a resident of Kisumu, Kenya. I am 42 years old, physically challenged and a teacher by profession. My parents were peasant farmers who couldnt see me through school. I benefited from a sponsorship program upto University. I am a father of five, all of whom are in boarding schools. This is what motivated me to start a shoe-selling business to make ends meet. I would wish to expand to wholesale but lack the capital to do so.
My Business
I operate a small shop in Kisumu town, next to the Kenya National Library Services. I have employed one saleslady to assist. The proceeds, though not much, help supplement my pay as a public school teacher to support my family. It is my hope that this business will one day grow big enough to support myself and allow for savings for the purpose of expansion.
Loan Proposal
The loan will enhance my mobility within various market centres and hence increase the income from the sales. The net sales are expected to improve two-fold because of a projected use of the social media platform. With increased income, I will be able to be financially stable and improve my family's living standards even as I pursue a systematic expansion policy.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$12.00
Date disbursed
Jul 12, 2017
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
United States
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