Entrepreneur
Name
Geoffrey
Member since
September 2016
On-time repayments
77 installments • 69%
About Me
I was born on 8/11/1987 in a village called muthingiini makueni county. I'm a first born of mr katumo katoa and mrs Alice katumo. I started my primary education in 1994 at Iiani primary school and completed in 2002. Then I started a small business selling groundnuts at my home village it was not doing very well. Then i went to mazeras town in kilifi county to find a job. I was employed as a shop keeper for two years. Then the shop got burned and left me jobless. I then started working in a farm for a year and got a capital to start my own kiosk and it has grown up to a shop now. People here like farming and selling coconuts. My child wants to be come a business man when he grow up. I like watching football.
My Business
I sell almost everything sold in a retail shop such as milk, bread, maize floor, sugar, washing soaps, tea leaves, blue band etc. They are in high demand because people cannot do without using these types of goods in their daily use. I choose this kind of business because they sell faster and have good profit. My typical cost for license is 5,000 KES per year electricity about 3,000 KES per month. I used the profit for home improvement and school fees for my son.
Loan Proposal
I will buy 2 gallons of cooking oil of 20 letters each at 24.65 per gallon, 1 bag of beans at $80. 45, 2 bags of rice at $17.65 each, 5 bags of wheat floor at $13.50 per bag and 20 bags of maize floor at $ 14.50 per bag. I expect to increase my profit by $ 10 per day. Thankyou.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$418.00
Date disbursed
Feb 8, 2017
Repayment status
On Time
Projected term
6 months
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Jake Gibson and Beverly Picardo
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