Entrepreneur
Name
David
Member since
February 2015
On-time repayments
33 installments • 3%
About Me
I was born and brought up in a humble background, where only the basic needs were taken care of and no much of other luxuries.That did not stop me from dreaming big and and believing i can achieve much in life.I worked hard school from primary to college where i did accounts.After college i worked as an accountant in secondary school for 3years and also 2years in a law firm.I rely wanted to be independent and achieve my dream so with the little capital i had raised of $1000 i started an electronic business for i have a passion for electronics.I live in a town near the capital city of my country and is developing in a very high late, and a lot of rural to urban migration taking place where people prefer my town because is near the capital city but much affordable than the capital city hence many preffer to settle there making it a businessman's paradise.I married and with two children who are ambitious and want to give then the best of education,i love to do charity work in my free time.
My Business
I am running an electronic business,dealing with all household electronics,tvs,radios,microwaves,iron boxes and many more.Being in a fast growing urban next to the capital city and where people are very busy for manual work these goods are on very high demand for they save time and energy and that is i settled on this kind of business.my cost for a month is now at $2000 but the revenue is as well worth the cost for it stands now at $800 per month.This being my only business i use my profits to pay my house bills,school fees,and investing in stocks little by little.
Loan Proposal
I want a loan to buy a generator to back up our electricity.It cost 150 dollars.In our shop we deal with electrical s including computers,tvs,radios,when electricity is not available and in our town it happens 3 days in a week, in a span of four hrs daily in those 3days the electricity goes off.At that time we loose many customers for its hard to sell electricals without testing.I expect our returns to increase by 50-100 dollars if this time is not lost.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Mar 18, 2015
Repayment status
Late
Projected term
7 months
Lenders
Green Cove Springs, United States
North Kansas City, United States
Germany
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