Increase my newspaper vending business
Mikisi Pepela
Munyaka Silas, Kenya
100% repaid
Entrepreneur
Name
Mikisi Pepela
Member since
January 2015
On-time repayments
132 installments • 64%
About Me
I am 49 years old and married. God has blessed us with two children, a boy and girl. The first one is a boy: his name is Isaac and he has completed class eight, joining form one soon. I have an O-level education and due to financial difficulties I never went to college. I was once employed in a textile company as a knitter, but due to sickness I was forced to quit.
My Business
After leaving my former employment in a knitting company as a knitter due to sickness, I decided to join newspaper vendors in Eldoret Town. I have been selling newspaper for the last three years and my daily profit on the sale of newspapers is 6 US dollars.
I intend to increase that daily income by employing an additional person to sell newspapers, because for the much experience I have had in the business, the higher the sales the higher the income. Thus I plan to open a new selling point within the streets of Eldoret Town and continue selling to boost my income.
Loan Proposal
Thanks you lenders for giving me an opportunity to get the credit from you.Given funding I will use my loan wisely especially to increase stock of newpaper and also open up a new sales point within he streets of Eldoret and that will make me sale more thus able to pay back the loan without any difficulty
About Me
My names are Mikisi Pepela,Iam 42 years old ,I come from Western Kenya,Bungoma Town ,but currently leaves in Eldoret Town.Iam married to one wife and two children a boy and a girl.
I was previledged to to be educated up to high school,and due to poverty in our home could not continue to college thus got married and settled down with my wife.
I am a news paper vendor.
My Business
My business is newspaper vending.
I do sell all types of daily newspaper i.e local dailies like ,nation newspaper ,standard news paper,Star news paper,the Nairobian and magazines like the parent ,western start,citizen .
Generally the business is good and currently I have two outlets where I do sell news paper with the assistance of my wife ,thus its family business.
Gross cost of operating the business is approximately 150 dollars a month while my monthly income flactuates from 400 to 450 dollars monthly.
I normally us the proceeds from busines to pay school fees,rent and my family upkeep
Loan Proposal
Thanks you lenders for giving me an opportunity to get the credit from you.Given funding I will use my loan wisely especially to increase stock of newpaper and also open up a new sales point within he streets of Eldoret and that will make me sale more thus able to pay back the loan without any difficulty
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Feb 9, 2015
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Ask Mikisi Pepela a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...