Growing business

Julius

Bungoma/kanduyi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Julius

Member since

July 2017

On-time repayments

22 installments • 59%

About Me

I'm Julius Odhiambo Agingu a resident of Bukembe market, Kanduyi sub county, Bungoma county in Western Kenya. I'm married, since February 20th, 2008. I was raised in a polygamous family and was forced to drop out of school in form three due to lack of school fees. I worked as a labourer and saved some amount of money which helped me train as an electrician.

My Business

I work in informal sector as an electrician and also owns a small electrical shop where I sell electrical goods and cheap cell phones. I've been struggling very much to expand my business and I'm very great full for the loans you've lend me before because I've been able to increase my stock and also care for the needs of my family as a husband. With your help I hope I'll be able to increase my business thereby improving the life of my family.

Loan Proposal

Buy 100 pieces of 20mm light gauge conduits at a cost of 80 KES each and therefore selling at a cost of 100 KES , making a profit of 2000KES which I'll therefore use to increase my stock by purchasing more Electric bulbs at a cost of 1800 KES for 6 dozens which I'll later sell at 3000 KES raising a profit of 1200 KES.