Entrepreneur
Name
Edwin
Member since
December 2014
On-time repayments
111 installments • 9%
About Me
My name is Edwin Bett. I am 26 years old married and expecting my first born soon. I live with my family in our rural home Nyagacho village- a few Kilometres from Kericho town where I grew up. I am a first born in a family of six. I am an electrician by profession and posses a diploma in electric engineering from Eldoret polytechnic.
Jobs have been hard to come by and I am currently assisting the locals with electric installations.
I am born from a humble background and therefore to support my parents and siblings, I have to work extra hard. I recently established a retail shop at Nyagacho shopping centre- currently ran by by wife.
I love God and spend my free time on church chores where I am the youth leader at A.I.C church- Kapsoit.
My Business
I have a retail shop at Nyagacho shopping centre - on your way to Kapsoit centre. We sell mostly domestic goods such as food stuffs, detergents and other fast moving goods whose local demand is high.
The shop has been growing and has been my main source of income ever since.
To improve profits and customer base, I would like to add my stock and introducing new products
Loan Proposal
With my plans to reach more customers and improve profits, I would like to add stock to my retail shop. I would also like to improve the size of the inventory to reduce costs.
Therefore I plan to use the $100 loan on new inventory especially on fast moving goods such as food stuff and detergents.
This will increase profits from about $7 to $11 a day which will go to saving, repaying the loan and sustaining my family.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Dec 23, 2014
Repayment status
Late
Projected term
25 months
Lenders
Glasgow, United Kingdom
Duisburg, Germany
Russia
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