Entrepreneur
Name
Martin
Member since
March 2012
On-time repayments
29 installments • 38%
About Me
I am 24 years old and a single man. I finished my secondary school education in the year 2009 and started my small business in the year 2010 (with as little Ksh 6000) so that I may support my young brothers and sister to get good education,improve my financial status and also further my education In future.
My Business
I run a retail shop where I deal with varieties such as detergents, Cooking oil, maize flour, wheat flour, cereals, Sweets, biscuits, books, pencils, snacks, soft drinks. From this business I make profit of Ksh 200000 per year. I also offer transport services by my Donkeys where I make Ksh 200 daily on each. My expenses include house rent of Ksh 5000 per month, Electricity Ksh 2000 per month, water Ksh 500 and transport of Ksh 4000.Challenges of my business are price inflation and inaccessibility of some commodities cost.
Loan Proposal
I will use the loan to increase the stock of my shop, buying more product to satisfy my customers needs, also introduce new product such as all varieties of soft drinks, margarine and all sizes of cooking fats. My current capital of the shop is ksh 50000 and this loan will increase it to Ksh 100000 which i will make more profits
Feedback
Positive
6
Neutral
None
Negative
1
Loan Info
Project Type
Classic Loan
Disbursed amount
$613.00
Date disbursed
Apr 1, 2012
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
Sarasota// Phnom Penh, United States
Boston, United States
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