Entrepreneur
Name
Luka
Member since
October 2017
On-time repayments
10 installments • 80%
About Me
i am a kenyan gentle man married to one wife and blessed with 7 kids, i grew up from a humble background, where i started a small business in the village which have been sustaining my family before i joint military. we surrounded by different cultures which developed us to be hardworking.
currently three of my children are working and they have been helpful to us as a family.
i like spending time with my family during my leisure time and this have created a good relationship with my family.
My Business
i am currently operating a small shop in the village dealing with house holds. i venture into this business since i realized that there was untapped opportunity in the field and community members had to travel so far to find a place where they can purchase house hold items.
my current stock is about Ksh. 50,000 and am planning to increase this stock so as to increase my profit from 5% to 10% per week.
the profit will be invested back to the business for the growth of the business.
Loan Proposal
the above loan will be used to equip my shop since that is the my first priority so as to be able increase my profit margin and create employment to the young youth in the community. my profit margin is expected to increase from 5% to 10% within the first two months for operations.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$11.00
Date disbursed
Oct 18, 2017
Repayment status
On Time
Projected term
6 weeks
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