Entrepreneur
Name
Newton
Member since
February 2015
On-time repayments
61 installments • 77%
About Me
My names are,Newton Nyakundi Nyamongo,i was born in a village by the name Bonyunyu in Nyanira County.I grew up in a hunble and God fearing family of three,As i grew up;i was aggressive in anything that will bring an extra coin little did i knew that after college i was to venture into business.
Immediately after college,i went through ups and down since i worked as labourer in My village.Tried to save the little i got so as to enable me to start a boutique.In our culture, land is a prime factor of production whereby one is required to protect fully
My Business
My business is all about Boutique,i sell dress,shoes for ladies,I choose this type of business because of its high demand of ladies wear and its profit,I contribute alot to my family and young sisters .Nevertheless...,when sales are good i do save so as to enable me to add stock...As time goes,am intending to purchase a piece of land and build some Rental houses for the purpose of increasing profits..,on the other hand i would also like to expand my business due to the high demand of customers hence create employment to many.
Loan Proposal
After getting the loan I would like to add stock of 100 dollars by buying 50 pieces of ladies skirts costing 2 dollars each ; the remaining 100 dollars I'll purchase nails, boards at a cost of 70 dollars and pay a carpenter 30 dollars as labour.My customers will benefit by acquring the latest fashion in the market whereby I will also get profit which will benefit both my family and my younger sisters who I support in school.I expect the profit up to 13 500
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Loan Info
Project Type
Classic Loan
Disbursed amount
$202.00
Date disbursed
Jun 7, 2016
Repayment status
On Time
Projected term
8 months
Other loans
Lenders
United States
Hong Kong
United States
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