Entrepreneur
Name
Samuel
Member since
January 2015
On-time repayments
40 installments • 43%
About Me
My name is Samuel Muoka Ndili. I was born in Kitui county 48 years ago. Kitui lies on a semi arid region of Kenya where like other such areas, there is very little infrastructural development. I grew up in this environment where paved roads, tap water and electricity were unheard of. I got my primary and secondary education there and then moved to Mombasa to join Mombasa Polytechnic for a course in Accounting.
After passing my exams, I secured a job as an accountant at a small auto spares shop. The pay was not good and I quit after working for two years. I then opened butchery but the business went under after one year due to unfair competition and my inexperience. Through help from friends I stated a supplies business and that is what I am doing till now.
I am married with 3 children.
My Business
I supply stationery to offices, schools and other institutions. The items I supply range from pens, photocopy paper, notepads etc. I normally buy them from big suppliers and retail them at a profit. Due the long period that I have been in this business, I have built a good client base and it is this pool of customers that ensures that I have a steady flow of business.
I make an average profit of $400 per month and it is this money that supports my family. I hope to expand my business in future and serve a wider region since there is demand for these items in other towns as well.
Loan Proposal
If I get this second loan, I will use it as follows:
1. Buy a stock of 15 reams of photocopy paper at a total coast of $50
2. Buy Assorted envelopes at a total cost of $30
3. Buy a stock of assorted pens at a cost of $10.
From my experience, these are fast moving items and I will be able to sell them within a short time and make a profit in the process. It mark another step of my business growth.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$94.00
Date disbursed
Jun 8, 2015
Repayment status
Late
Projected term
5 months
Other loans
Lenders
United States
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