Growing stock loan

Hamilton Njoroge

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Hamilton Njoroge

Member since

April 2017

On-time repayments

69 installments  •  84%

About Me

Hello, fellow lenders, my full names are Hamilton Kiruka Njoroge, ID numbers are 31650004, I live in the Capital city of Kenya, Nairobi in Kasarani Constituency. I'm a 23 year old man who has always had an entrepreneurial spirit to do good, profitable business. I'm not married, I live in a Bachelor house pad.im grateful to zidisha

My Business

My main source of income is under the self-employed section of business. I have a small but highstocked hardware where turnover of good is about every month we replenish stock since they are Highmarketable hence their shelf life is extremely short. The hardware deals with spare parts of the local cars in the city which are Toyota which makes about 80% of vehicles on Kenyan roads. Also it deals with the sell of Electrical components such as phase failures, batteries, and also solar panels since the electricity penetration in Kenya is also low .

Loan Proposal

if my loan will be funded I will be truly grateful. I will use the loan to expand my stock so as to increase my profit margin. As recently published on The government portal, under NEMA(National Environmental Management Authority) it banned use of plastic bags hence this has created a market need of Biodegradable carrying bags when customer buys something they need a bag . Thus by buying and selling in stock it will be highly profitable before the market balances but as for now the need of the environment friendly bags are high.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$65.34

Date disbursed

Jan 23, 2018

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: $2.75

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