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Franklin

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Franklin

Member since

August 2011

On-time repayments

321 installments  •  24%

About Me

My is Franklin married with one child am hard working and determined Kenyan.I have a business that is located at Kaptembwa
Majority of our customers are the residents of the area
The main line of business is suppliers of small selected items like sweets, polythenes etc , photocopy and mpesa
Kamptembwa area is a semi slum and has more the 10,000 residence. I have diversified in my business to ensure that there is continuous profitability.
The main challenge of the business is limited lack of funds and we plough back most of the business profit to ensure business growth. The future plans of the business is to become a small wholesale and include more products than what we are currently having.

My Business

My business is currently located at Kaptembwa area in nakuru town
The main business is photocopy, Mpesa and supplies of sweets and polythene.
On average the business makes 1500 per day which translate to around 40,000 per month
MONTHLY EXPENSES
stocks 15,000
rent 3,000
electricity 1,500
salary and wages 9,500
TOTAL EXPENSES 29,000
TOTAL INCOME 21,000
TAX 1500
This shows monthly business accounts and I believe that if I can have more capital business revenues can increase.The business faces competition from other business hence we need to diversify our products and that is why I need some funding so that I can add stock for my business.

Loan Proposal

Last year i bought a pop corn machine through the money that i was given by Zindiza.
The business is doing well and I have managed to buy a photocopy machine that operates in the same premises.
Business license have become very expensive and currently am being charged 8500.
kindly assist me with 6714 and I will add the balance and be able to pay the license before march which is the deadline.
My business is in Kabasis but i desire to relocate it to Kaptembwa where there is more business.
The loan will be repaid within 7weeks

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$79.00

Date disbursed

Mar 20, 2014

Repayment status

On Time

Projected term

5 weeks

Lenders

J

jcmfl

United States

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