Inventory financing

Edwin

Ruaka, Kenya

100% repaid

Entrepreneur

Name

Edwin

Member since

September 2018

On-time repayments

97 installments  •  75%

About Me

I am Edwin Chui. I was born and raised in Central Kenya, schooled in Nairobi and USA.

I believe that the quickest way to develop Africa is to support the scaling of small businesses in Africa.

My Business

LeoMart is a retail business that is working to grow from the ground up. I envision that it will be a fully fledged supermarket outlet in 2.5 years.

Loan Proposal

I will use the load to augment Mobile money float in my retail outlets to support the rising need for non-cash payments as more and more consumers adopt precautionary measures.

Income Source

The current economic crisis is seeing a a faster shift to non-cash forms of payments. This means that businesses such as mine (mpesa agents) are seeing higher demands for mobile cash and thus need to increase their working float.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$114.00

Date disbursed

Aug 7, 2020

Repayment status

On Time

Projected term

4 weeks

Lenders

Paul Buchheit

Mountain View, United States

AM

Andy Marston

United Kingdom

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