Robert
Mashambani, Bungoma, Kenya
5% repaid
Name
Robert
Member since
January 2014
On-time repayments
26 installments • 4%
I am Robert Barasa aged 25 married with a son. I have 3 siblings in high school who depend on me. I hold a bachelors in economics and mathematics from the univesity of nairobi and a diploma in business management. My wife has a diploma in sustainable in agriculture from university of eldoret. I am running a shoe selling business together with my wife. We buy ladies shoes in malaba at ksh 280 and sell to friends at ksh. 380 making a profit of ksh. 100 per pair. In a good month we make between ten thousands and twenty thousands. We pay ksh 4500 house rent and ksh 3000 on food. Ksh 1500 is saved.need a loan of 150 DOLLARS to increase stock. Thanks.
I am running a shoe selling business together with my wife. We buy ladies shoes in malaba at ksh 280 and sell to friends at ksh 380 making a profit of ksh. 100 per pair. In a good month we make between ten thousands and twenty thousands. We pay ksh 4500 house rent and ksh 3000 on food and save ksh. 1500. I need a loan of 150 USD to increase stock to meet the increasing demand we are getting from the growing number of referrals. Too I need to rent a shop for easier access and convinience by clients. Thanks.
I will increase stock and rent a shop for convinient and easier access by clients because currently am running the business from home which also is costly in delivery of order. And also with the shop I have to acquire necessary licenses from the county government which are by now high. But all this will accord me convinience.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Feb 10, 2014
Repayment status
Late
Projected term
6 months
Ask Robert a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.