Name
Pamela
Member since
April 2021
On-time repayments
9 installments • 67%
Am Pamela achieng from Kenya vihiga county Luanda subcounty I was raised by my grandparents after my parents passed away I become an orphan at a tender age of 3years I didn't attend high school because of poverty my grandparents could not afford it was forced to search for employment at a young age I a retail shop this is where I gained my business skills
I own a business by the name lubya wholesalers lmt located along Luanda majengo highway I also do some tailoring to increase my income
With this loan I intend to increase my shop stock I will buy 2 bales of ajab 2kgs wheat flour @1550 per bale on Average I sell 4 bales per day @ 1680 ksh making a sweet profit of 520 ksh a day in one 7 days I will have made 3640ksh from which I will use it to repay the loan so that I can borrow again the remaining amount I will use it to buy2 boxes of latto milk 500 ml each containing 12 pieces @520 ksh will sell each @700ksh
Will buy 2bales of wheat flour @1550 each resell it @ 1680ksh each am capable of selling an average of 4 bales in a day which is equivalent to 520 ksh profit in a day if a sell in seven days I will get a profit of 3640 ksh which I will use to repay the loan in a week's time
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$23.00
Date disbursed
May 5, 2021
Repayment status
On Time
Projected term
1 week
Other loans
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Anonymous May 24, 2021
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