Entrepreneur
Name
Edward
Member since
January 2015
On-time repayments
83 installments • 47%
About Me
I am the first born in a family of five. I come from a humble family. Since childhood my parents depended on the little they got from farming to support all of us get through our education from primary to university.
In the University i depended fully on Higher Education Loan Board(HELB) to get through my university education.
At home we have a 2.5 acre land in which we will divide among my four brothers. It is too small for all of us. That is why i have ventured into business so that i can purchase my own land in the near future.
I have started a small business which is a retail shop with an Mpesa, to supplement to my meager salary which i get from my employer that is the county government. I need to expand to include photocopy work as i have realized that in the area it is so many people are inquiring about photocopying of documents.
My Business
I have a small shop which sells household goods and foodstuffs like soap, sugar, salt, matchboxes, rice among other small things which families use in their homes on a daily basis. I have also included an Mpesa which a business on money transfer between mobile phones.
I have also employed one worker whom i pay 100$ per month and the shop brings me an income of around 300$ per month. From the 300$ i pay rent 150$ per month and i pay the worker 100$ and i remain with around 50$ which i reinvest in the business. So i need to expand the business by buying a photocopier machine which will cost 250$. From this one i can increase my income to 450-500$ per month as i will be doing things like scanning and photocopying documents.
So my loan i will use it to buy a photocopier of which my income from the business will increase. So i urge lenders that their money will be put into a good use to enhance by business.
Loan Proposal
I need to expand the retail shop to start doing photocopying and scanning of documents.
So, i will use the loan to by a photocopying machine at a cost of 250$. This machine will increase my income by 100-200$ per month. This will enable me continue expanding the business as my ultimate goal is to purchase a land of my own.
So i urge lenders please support me in this venture and i promise you that i wont let you down.
Thanks
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 10, 2015
Repayment status
On Time
Projected term
17 months
Other loans
Lenders
Brazil
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