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John

Magrat Beuchi, Kenya

18% repaid

Entrepreneur

Name

John

Member since

July 2016

On-time repayments

33 installments  •  67%

About Me

When I was a child,my parent took care of me even though they were not rich.it was not easy for them to afford my school fees.i grew in an environment where I learned dicspline is the key to success.after finishing my education,I was some how perplexed with life due to poor pressure but at the end I came to realise that and I changed.I there for took one step forward to look on how I could earn living and help my parent.I. Started a business.I started my business immediately when I got some capital and my parent were also of me.It was not that easy to start a business because it was my first time.some times I could buy goods of low quality which are not on demand. This was one of major problem i faced.i seeking for help.at least I overcame my problem by seeking help from other successfully business people,who had experienced and with that I became stable in my sole proprietor ship type of business.and that is how I started my small business.sincerely it is cheap to start a business of small type. According to me I see that my business is unique from where I come from is that people have that heart of encouragement.my people are being unique by giving me full support in continuing in my business.in our culture anyone who is doing the right thing should be shown the heart of love and togetherness..this support.it help me to be a responsible and loving man am always keen on my business and one thing with my culture,is that never do jokes with serious maters and trust on crater and with this and every activity will prosper.when my children grew up.i would first like to develop their talent.mature their education and get to good career such as doctors,lawyers,engineers and e.t.c to be big and famous business men in the world.

My Business

My business is all about a small shop.am in a small sole scale retailer type of business.i do sell goods to people.people are happy to this services from me.i do sell plastic household item's like cups,plates,basins and also I have some beautiful chat's can be used in house decorations.the goods I sell are in high demand because99% of people prefer plastic materials which is Ni easy to brake than the glass materials.i chose this kind of business because of I once sat down at many dust pits and pieces of glass are being thrown n them.so I came up with an idea of starting a business it can make me earn aliving.because it has a low loss.this business is of more profit than the loss.that why I prefered it than the other businesses.my business does not cost alot of money to run inshort.it is cheap to start and requires fewer legal formalities.not like the other business.being a sole proprietor I do not suffer from high taxation from the government.after starting selling, plastic householders items and utensils.that is less also to sell some toys because. Most kids loves them.at first. I faced challenges from where I came because the populations rate is very low.i decided to look for places where my business would suit and people are of high population.my business is located to a place where is not far from my homestead. It is easy for me to manage because I am the decision maker.the profit I gate,I use it for buying my clothes,food e.t.c personal items.i also do help my family where by if they need my help finincially.sometimes I plan to buy more goods which are in demand than the ones have so as improve my business.since I started saving this profit I realised that my business help me alot than staying idle.

Loan Proposal

I will spend the money to buy more toys and bring funny things for the kids .the benefits I could get is big because one sell good I will be able to per my brother school fees, and the rest of money I could buy my brothers book .when I buy the toys.toys is very cheap I could get even 50% for each items

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$275.00

Date disbursed

Aug 24, 2016

Repayment status

Late

Projected term

7 months

Lenders

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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