Stock of drinks for peak season

Patrick

Nyeri, Kenya

100% repaid

Entrepreneur

Name

Patrick

Member since

September 2016

On-time repayments

96 installments  •  65%

About Me

A father of two boys in Kenya and a small scale business man in the entertainment industry. Been in the business for over three years now and I have been able to fend for my family from the income generated from the business. Though business is low, its still good but going forward seeking to diversify my sources of income and wish to get into property listing.

My Business

I am in the entertainment business where I sell beverages and offer sports entertainment to my customers in the premises. I have benefit immensely from previous funding to increase my inventory levels and as a result have almost completely eliminated cases of stock out and hence my business is much more profitable now.
To supplement my income from my entertainment business, I am in the process of developing a real estate listing to help connect potential tenants and landlords easily, www.jibiwa.co.ke. In addition, the web site will help connect people with technicians in their neighborhood such as plumbers and electrician since sometimes this can be very challenging in Kenya.
I have realized these gaps but with limited start up capital, seek funding for house office desk and chair purchase to get me started on developing the system and fine tuning the business model and concept. These will require about $200 and this go will help to pay part of that cost and the balance raised from savings.

Loan Proposal

I am seeking this loan to add to my business inventory. I am in the entertainment industry and business peaks from August going all the way to December when it climaxes. I am seeking this loan so as to add to my stock and minimize cases of stock out.

Feedback

1

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  • S    Apr 18, 2017

    Mr Githu's previous loan was due to be fully repaid 12 May 2017 - but on 14 April 2017 he made his repayment, along with the next five, paying off the loan. That's right, fully paid off a month early! So if you are going to worry about a loan's regular payments being a bit irregular here and there, chill. If an under 10 yo boy can be patient with his borrower, so can the adults.

    Patience pays off - and Patrick I hope your borrowing experience was just as positive as the lender's! Happy to lend to you again!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$33.00

Date disbursed

Sep 10, 2017

Repayment status

On Time

Projected term

7 weeks

Lenders

Bart Vogelzang

Ladysmith BC, Canada

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