Entrepreneur
Name
Philip
Member since
May 2017
On-time repayments
83 installments • 55%
About Me
Am Philip Odhiambo living in Kenya.Am happy to find myself here as the right place for me to develop myself. Am hard working and I have moved from farming to shop retail business. I have been faced with financial challenges but has not made me to loose hope.I have a family of six and I struggle to keep them.
My Business
I started retail shop business and my brother supported me with 100,000 kshs. This year prices have gone up and now limits my power of purchase. I look forward for lending institutions to me get loans which will help in boosting my business.
Loan Proposal
This time I will purchase only one commodity, and that is sugar. I will add this to my retail shop. I will purchase six bags of sugar at the rate of 37.2 dollars each and resale at 38 dollars each, making a profit of 4.8 dollars. But the price may arise and I hope to make more profit.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$254.00
Date disbursed
Aug 31, 2018
Repayment status
Late
Projected term
11 months
Other loans
Lenders
WOLLONGONG, Australia
Germany
United States
Colombia
Los Angeles, United States
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