I will use the loan to add more stock at my shop

Edger Egesa

Busia, Kenya

41% repaid

Entrepreneur

Name

Edger Egesa

Member since

March 2014

On-time repayments

28 installments  •  21%

About Me

My name is Edger Egesa Opili. i was born in the former Busia District now busia County, in Bukhayo West location, Esikulu Sub-Location, Khungungu village. i went to Mundika Boys Primary School and later joined St. Mathias Secondary school for my O levels. i then joined Kisumu Polytechnic for a course in Electrical - Electronic.

My Business

Being a family man, i started a business to be able to have financial stability so that i can be to balance between family and other recurrent expenses. i started a business of retail shop with a capital of 20,000 shillings. the business picked and i decided to add M-pesa business at the same place. the business has picked up and the loan will be repaid from the sales.

Loan Proposal

Because i run a retail shop, when i get the loan i will use it to expand my business by extending my shop to both retail and wholesale shops. by this i will have both customers for retail shop and those for wholesale who will buy from me and sell as retail shopkeepers. because of this plan to expand my business, i will also use part of the money to make more shelves for my goods and to acquire a store so that i may be able to have good stock for my customers. these is because at the site where my shop is, the demand for a wholesale is high thus, people have to travel far to buy goods for their retail shops.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Apr 12, 2014

Repayment status

Late

Projected term

6 months

Lenders

Silver

Steiermark, Austria

Sarasota

Sarasota, Fl, United States

A

ATMiller

United States

P

Poppy

United States

T

tracergal

United States

T

tammyrnorton88

United States

L

LoriDarlene

United States

I

iLyShamrock

United States

I

iLyShamrocky0

United States

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