Fridge for refrigration of milk and water

Edwin Omolo

Shanzu, Kenya

100% repaid

Entrepreneur

Name

Edwin Omolo

Member since

November 2016

On-time repayments

220 installments  •  66%

About Me

I am edwin owuor studied in upcountry from primary to secondary and joined mombasa polytechnic in the year 2001 till 2003 for diploma in accountancy thereafter i started running cereals shop at bombolulu but it went due to financing challenges and inexperience.I started running a shop again through challenges though through challenges untill now

My Business

I operate a retail shop where i sell goods that customers use on a day today like sugar,rice,maize flour etc which are o demand daily basis.I gotten used to selling fast goods from cereals shop and a more faster moving goods,i buy goods worth shs 5000 on a daily basis and sell between shs 6500 to 7000.I re invest most of it in business but there is need to expand the working capital to make more profits,i wanna buy a popcorn maker so as to diversify the business and make even more income

Loan Proposal

As we approach december the hot season has just began and i would to purchase a deep so as to preserve milk and also store at cold temperatures coz the scotching sun dehydrates and cold water is in great demand,also yoghurt and sodas need some cold stoarge and juices as well.I have saved $400 n a deep freezer costs $700 therefore the loan will quite fill the difference.

Feedback

1

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  • Ahadi    May 5, 2017

    Edwin is a serious borrower.
    Repayment on time. ++++

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$338.68

Date disbursed

Oct 6, 2017

Repayment status

On Time

Projected term

11 months

Cost to entrepreneur

Service fee: $14.21

Credit risk payment: $28.42

Lenders

Mike and Jacqui

United Kingdom

PG

Paul Graham

United States

Stephan W

Witten, Germany

Craig Newmark

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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