If i get the loan, i will invest it in expansion and marketing of the business. specifically, to add more products to bo...
Vincent
Nairobi, Kenya
$0 to go
100% funded of $50 goal
0
days left
Entrepreneur
Name
Vincent
Member since
February 2014
On-time repayments
8 installments • 0%
About Me
I am a Christian, a husband and DATA analyst at ISON BPO Kenya limited. I am the owner of a small grocery store and also an online store (Centipe Enterprises) on Alibaba.com which I have been running for more than 3 years. In my grocery store I serve many people around where I live for their daily needs of groceries. On my online store I sell many things which are handmade including earrings, bracelets, sandals, handbags, and many more, whereby in turn I have given a livelihood to some people who make these products for me.
If I get the loan, I will invest it in expansion and marketing of the business. Specifically, to add more products to both my grocery and online store to increase my income generation
Additionally, I will be able to better advertise my products which have been very profitable so far. This will help me in my personal finances as I also help others who are dependent on these stores also to earn an even better living.
My Business
I am a DATA analyst at ISON BPO Kenya limited. I am the owner of a small grocery store and also an online store (Centipe Enterprises) on Alibaba.com
these earn me $820 and above per month.
Using the funds, I will be able to free up the time I use to craft for clients and use it to market the products. I will be able to hire more people to for handcrafts and add more products to my grocery store which can earn me more passive revenue.
My current expenses include
1. Business premises - $25 per month,
2 stock and materials wages - $250 per month
3. Household expenses, approximately $250 per month
I therefore will be able to use my income to repay the loan.
Loan Proposal
I am the owner of a small grocery store and also an online store (Centipe Enterprises) on Alibaba.com which I have been running for more than 3 years. In my grocery store I serve many people around where I live for their daily needs of groceries. On my online store I sell many things which are handmade including earrings, bracelets, sandals, handbags, and many more, whereby in turn I have given a livelihood to my who current two employees who assist me in designing and make these products for me.
If I get the loan, I will invest it in expansion and marketing of the business. Specifically, to add more products to both my grocery and online store and also in purchase of raw materials to increase my income generation.Additionally, the services the businesses have been very profitable therefore I believe I will also personally benefit financially as I help my employees also earn a decent living.
Thank you lenders for looking at my application.
Regards,
Vincent Tonui
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Feb 6, 2014
Repayment status
Late
Projected term
8 weeks
Lenders
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