Name
Nathan
Member since
October 2017
On-time repayments
12 installments • 67%
Am Nathan Wanjala Ndege, I was born on 23rd of October 1987 as the fourth born in our family. I started my primary education in the year 1993 in nursery because by then we had no preunit, middle and top. I did my KCPE in the year 2001 and joined a high school in the year 2002. My high school education was too hard as I was being forced to walk for a bout 5km daily going to school. By the grace of God I was able to finish my form four education in the year 2006. There after life became too hard but through my hard work I became a hawker and because I was patient I managed to save slowly by slow that saw my life starting to change.
After form four, I started selling groundnuts and eggs in pubs, the small profit that I was getting I started a saving account since I had a dream of running a very big shop and also becoming one of the prominent business people in the country. After a year I was able to raise 20,000 through just savings, I started a small shop that was most selling phone accessories and slowly by slowly now I have an electronic shop that I run.
Am going to use this loan to buy 6 memory cards whereby one memory card costs 3 dollars and I sell them at five dollars each making a profit of Two dollars per memory card. This will be of great benefit to me since I expect to earn more profit therefore I will be able to stock back my business, pay the loan and the remaining amount I provide for my family. The profit is expected to grow from 7 dollars per day to 11 dollars since memory cards are one of the most needed items in my shop.
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Neutral
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Project Type
Classic Loan
Disbursed amount
$19.00
Date disbursed
Jan 30, 2018
Repayment status
On Time
Projected term
4 weeks
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