Violet

Nairobi City,githunguri Village, Kenya

100% repaid

Entrepreneur

Name

Violet

Member since

June 2012

On-time repayments

66 installments  •  30%

About Me

My name is Violet aged 36 and am a Kenyan.Am married with two children and i live in Utawala,Embakasi Estate.I finished my high school in 1994 joined college in Computer technology,later i was employed in a hardware store for ten years and i was retrenched.
I decided to start my own business whereby i sell building materials and electrical fittings.This business has enabled me buy a small piece of land and am still constructing a small house withe earnings i get and the rest is saved into my account.
I have also managed to buy a donkey and a cart to enable me deliver goods to my customers.
Am also able to stock the business and support my family as well as meet my daily basic needs.Being the first born in a family of five, I help my parents in paying for their education.

My Business

My business is called "GHEMT HARDWARE ELECTRICALS". GHEMT means "God has extended my territories". I deal with paints, electrical fittings and building materials such as pipes,cement and nails. I chose to start a hardware shop,since its a local place with few people but still in construction.
People prefer my business despite the competition since i deliver free transport . I also ensure i know what's new on market so as to sell quality and original products. I provide customers with plumbers , electricians and painters who charge them at fair costs for labour costs.
Some of the challenges i get include lack of financial support since the business is too demanding.
My monthly income,sales revenue and profits are as stated;
monthly income- 20,000
rent-4,000
profit-8,000
money funded for the business- 10,000

Loan Proposal

I want a loan to increase my hardware stock, by buying building materials for sale such, increase cements bags, electrical equipments, iron sheets and plumbing equipments. This will help me increase my profit by offering more products to my customers. I will also introduces new products in the market such a wheelbarrow for transporting goods to my client.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$302.00

Date disbursed

Aug 8, 2012

Repayment status

On Time

Projected term

12 months

Other loans

Lenders

A

Anninymouse

Southampton, United Kingdom

KYLE LARSON

Little Falls, United States

Hope2012

United Kingdom

Rdcmole

Cincinnati, United States

H

hugh1

Co Kerry, Ireland

michellev

Melbourne, Australia

C

cjmenchaca

Austin, United States

P

Piccolo

London, United Kingdom

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