Entrepreneur
Name
Sam
Member since
January 2014
On-time repayments
317 installments • 62%
About Me
Hello, I am a Kenyan of Kisii descent, currently living in Nairobi (Langata Estate) for the past >7 years, I am a university graduate, having graduated with a BSc Honors in Mathematics & Chemistry from Jomo Kenyatta University of Agriculture & Technology
I grew up in the rural areas of the highlands where it was hard getting to school but I managed in the group of others as well each morning walking up to 4 kms.
I enjoy eating meat and have always been fascinated with owning my own meat shop since i was young
My Business
If granted the loan facility I will be able to repay this over a predetermined period and interest rate as I may chose from the earning of my current job. I am currently employed on a permanent contract basis whose termination clause is only effective after three month’s notice. The amount of money I can be able to pay for a month could be up to Ks 1500.00 per month with no much strain. Also within the same period I expect that the business venture will have picked up and hence will not struggle to pay back the loan.
I would like to start a second hand clothes delivery business within Nairobi and its environs.
Loan Proposal
I am requesting this loan for the purpose of starting up a meat shop in my area of residence. I have stayed there for a couple of years and this period I have noticed that we struggle so much to get a consistent meat shop. The current ones either do not variety or have no proper storage facilities. Over the 15 month I decided I have to turn this into an opportunity and I have been saving $35 every month on my company savings credit unit so that I can raise up to$ 1000 which will enable me start this up. This additional fund that I am requesting will surely speed up the process of achieving my goal by end of Jan 2014.
With the additional cash I will be able to get the much needed freezer that was going to be a challenge on initial onset of business, and that is key to my business, it is what will separate me from the rest of the meat shops here!
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Loan Info
Project Type
Classic Loan
Disbursed amount
$250.00
Date disbursed
Jan 28, 2014
Repayment status
On Time
Projected term
20 months
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