Name
Patrick
Member since
February 2013
On-time repayments
34 installments • 79%
My name is patrickmuendo,ammarriedwith three children .ilive in dandora phase 2,my ducation back ground,am o-lovel and ihave all trained in driving school.started working asa conductor forfouryears ,then was hired as a driver.up to now.Then started selling of groceries.theloan that i i took cosolidated with my savings and started the business.we decide to venture to business ,because my salary was not enough to pay all our house bills.my wife run the business while am way attending to my normal duties as a driver.
Our business is selling of groceries liketo matoes,kales,cabbages and e.t.c. westarted the businesswith 50,000 shillings.customerprefer oue products bacause they are fresh,clean and our prices are lowercomparingto our competitors.thechallege thebusiness faces is that we dont have enoughf inances to increaseourstocks inexapanding,too we are not able other loubers who can assist indoing the munual work.oru monthly incomeis12000 amonth whileourprofitnis 4000.
g iventheloan i will exapand ourbusinessandtoopen other outlets nearertoour estate.
Hi lenders,
The loan will be used to increase the stock of the groceries,i will buy tomatoes 2000,i will buy potatoes which cost 3000,onions which cost half sack of 1500 and others with remaining balance.this stock increase will be able to boost my income and attract more clients,because clients always want to buy where everything is available.
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 21, 2013
Repayment status
On Time
Projected term
11 months
Other loans
Ask Patrick a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...