73 installments • 81%
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.
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.
I will use the loan to augment daily working capital needs for a mini mart business. Specifically, the funds will be used to prepay for inventory items on order.
Small business in the mold of mini-marts are actually seeing higher turnover and a faster cash conversion as people shun the bigger supermarkets that are likely to see overcrowding and as more people remain at home due to various control measures imposed by the government.
Jul 4, 2020
Cost to entrepreneur
Service fee: $7.03
Credit risk payment: $6.33
Optional expediting fee: $7.03