Entrepreneur
Name
Vincent
Member since
February 2015
On-time repayments
25 installments • 60%
About Me
At childhood I desired so much to be somebody great in business.After my form four education due to financial obstacles,I ventured in business which at fast seemed to bear do many challenges.In fact with God and a lot of persistence I managed.My business is strategically placed with a very high population which makes my business successful.I have one daughter who is in school and she has great dreams of becoming a pilot.Lastly,for those years I have been in the business it has been great and exciting.
My Business
My bisiness majors on selling of goods.I ventured on selling chapatis because the population is too high hence high demand of my product.I decided on this type of business because this is a basic neccesity to everybody.This business yields good profit which I channel in school fees,expanding the business and investing.
Loan Proposal
If i get my loan funded, i intend to expand my business by increasing stock in the manner that 35$will be spent in purchasing unga ngano,20$ cooking oil,10$ baking powder,10$ modern hotpot,10$ serving glasses,5$ transportation fee,15$ renovation of the room and 10$ on sugar.with such a budget the business will attract more customers and hence high income.My customers will feel comfortable to enjoy their meals in my hotel.If it goes just as i have planned,my expectations are too high since i expect a double profit after the renovation since my hotel will be the cleanest of all in the area.The increase of the business is expected to range between 80%-95%.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Aug 11, 2015
Repayment status
On Time
Projected term
2 months
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