Entrepreneur
Name
Ken
Member since
February 2015
On-time repayments
50 installments • 54%
About Me
My childhood wasn't that pleasing as money in our family wasn't that much available.i had to go to school on foot and eat about one or two meals a day if my dad had money on that day.i went to a local primary school where i got some education.that was back in 2001 and i completed school in 2009 and got 300 points after a long struggle . i later went to secondary school in 2010 and completed in 2013 where i got a B of 60 points.i overcame all that hardship by having faith and being determined that one day life would be good.i came to start my business after i got some little amount of money from day to day hustle and built my small furniture where i would stock Little by little each day.in our area everyone believes in having ones business and each person is usually busy to maybe have something good at the end of the day.My hobby is usually playing badminton while am free.
My Business
I deal in house hold items and furniture like tables, seats,blenders,coffee makers and many others just to mention a few .the goods are useful in demand as many people in this region need furniture and household items which are not there in other places.i only have a small furniture where i earn about 500 shillings a day.The cost i incur is for the buying of timber to make more other furniture and also buying of other items including second hand items like blenders .if i got the loan, i would pay it using the money i get from the furniture.The profit i get, is usually spent wisely to add more furniture.For instance,if i sold a table worth 300 shillings, i would do my calculations and if i made it using 150 shillings then i would get profit of 150 and make another one.i am a hardworking person where i wake up at around 6.30 am and open the furniture,wipe the goods well and make sure all is good then start making others as i wait for customers to come and buy.if i got the loan i would be so happy as am going to expand my small furniture and start selling more goods.i am looking forward to getting the loan.thank you in advance.
Loan Proposal
i will refurbish my furniture and start to process new items for my business . in order to repay my loan i have put measures in place to make sure that the first 5 weeks will be guaranteed. i will buy 5 second hand tables work 2 dollars each . i will later start making new ones from that. i will sell one for 3 dollars and the profit will be used to make new furniture[tables to start with]. profit will increase by 50% . this will help me pay my bills and also do good without fear of bankruptcy.thanks in advance as you process the loan
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Loan Info
Project Type
Classic Loan
Disbursed amount
$11.00
Date disbursed
Sep 7, 2016
Repayment status
On Time
Projected term
2 weeks
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