Name
John
Member since
February 2015
On-time repayments
210 installments • 33%
I had a great plan for my future,soon as I was done with my K.C.P.E and K.C.S.E exams where I passed with a B plain. Failing to secure a place in university, I opted to do Electrical installation. After obtaining a certificate I was at it again, this time obtaining a Diploma in Information Technology.I was able to get a short term employment but after It was done I tried to secure another employment to no avail. This made me to revert to my passion in electrical installation and repair. I have done this for about 2 years now.The uniqueness of the society I live in is that they believe in working hard for survival and laziness is a serious offense. I have a little daughter who is yet to get into school but I would like her to grow to be a hardworking engineer. During my free time, I play football,programming,surfing and watch a few football matches.
My industry is service industry. I do sell electrical fittings,repairs and installation . My field is ever expanding as economy grows.This means that people are building more houses thus requires my goods and services. I chose the business ,firstly it was my passion in early childhood and secondly I saw a business opportunity.my costs are mostly through buying of tools,overalls and electrical fittings and ducts. I use my profits for my own growth and business growth through reinvesting.
The loan will be used in stoking of my newly opened electrical shop. I will divide equally between items . example $20 dollars will be used in stocking of switches,bulbs,sockets and Holders. The other $200 will use to buy electrical cables in rolls and the rest $8 will be used in buying of electrical conduits. This will change my current status for the better. The bigger the stock the sales and in turn more profit. If I can gauge my profit will increase drastically in about 10% to 15%monthly. That will be a steady Growth.
Positive
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Neutral
None
Negative
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Project Type
Classic Loan
Disbursed amount
$49.00
Date disbursed
Aug 26, 2016
Repayment status
On Time
Projected term
9 months
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