Gas loan

Archibald

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Archibald

Member since

February 2017

On-time repayments

17 installments  •  18%

About Me

i have college degree and i started doing my business out of need to survive. Im looking forward to increase my limit so that i more capital and improve my business. There is a big potential in kenya in so many businesses but main challenge is capital. I believe enterprenuershp is the key in any economic development and the governemnt is not supporting small business till they become big business.
I strted my small business out of savings and at the moment i have already break evened
I would dream that my kids instead of looking or blue colour jobs when they grow up, its better they join and put hands together for the family business to grow
for my hobby, i have dairy farming farm thogh its not commercial yet but i hope one time it will be as it has alot of potential

My Business

i do sell gas, at the moment i do make some profit but my dream is to epand so that i can alo create employment
In kenya the middle class and upper class use gas in their dailly cooking and sometimes lighting. Lowwer class use kerosine and small sized gas. The goverment has been advocating or use of gas to controll the illness that come from use of kerosene

I chose this business as it require little statring capital usd 1000 an has potential to grow

My cost are purchasing gas, rent for the shop and my staff. My revenue is from sales

At the moment im reinvesting my profit as i have other income from dairy farming project

Loan Proposal

increase my capital, although its little but my idea is to build my credit worthness so hat on time i can have higher limit and be getting enough loan to boust my busine to highr limit of more that USd 500. The small amount im getting im putting it to business so that i can try to has more gas for my clients

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Apr 21, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

Jeff Tyler

Poquoson, United States

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