Name
Patrick
Member since
March 2012
On-time repayments
29 installments • 3%
My names are Patrick Njogu, and I’m a 24 years old businessman, in a family of three and single. I live in Marshlyn Apartments, Church Rd, Ongata Rongai, Kajiado County. I am a student in Nairobi aviation taking a diploma in Disaster Management and Preparedness, and also, I operate a small retail shop in Ongata Rongai. I started the business so that it can support me in my livelihood and also to help me pay my college fees, since my parents are unable.
I sell basic commodities like sugar bread floor eggs etc My neighborhood is so populous, with so many people who need my services on a daily basis. Customers prefer buying from me because my prices are competitive and I’m always on time. This business is profitable because the demand is high than the supply. Usually the risk my business faces is goods going bad due to lack of a refrigerator. My monthly cost is Kshs. 16, 000, which include rent, electricity and other utilities. I make a sales revenue of Kshs. 30, 000 which leaves me with a profit of Kshs. 14,000.
i will use the loan to increase stock in my business and also to buy a refrigerator which i will use to keep cold drinks, milk and other perishables which i sell in my shop.
Positive
None
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$489.00
Date disbursed
Apr 27, 2012
Repayment status
Late
Projected term
30 months
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