Entrepreneur
Name
Harrison Mwangi
Member since
August 2016
On-time repayments
190 installments • 70%
About Me
My name is Harrison Sabastian Mwangi. i live and Work at kilifi county in Kenya.
i was born 23 June 1976. i started schooling in 1982 and completed by studies in year 2001. Then i started training computers from 2002 up to 2009. from 2010 i joined teaching in secondary school up to now.
The income i have been generating is only enough to care for house rent, bus fare , food and clothing. it have been difficult to support my extended family like mother and my sisters. therefore i see it wise to engage in supplying bags, toothpicks serviettes. these are consumable in hotels, small cafes, chemist, butcheries. so far l have done supplies for one month. that is why i need capital. As i go to school my partner will supply. then weekend we join hands to supply.
My Business
currently am a teacher. so my source of income is not enough to make the end month meet. that is why if l supply bags and get at kes 15 per 100 and other hotel requirements like tooth picks then my financial position is stable. kindly your financial lending will make my business to grow and even offer employment. i see it improving in a way l can buy a small van because l have trusted customers . l plan to start small but according to may daily profits the business is growing. the business involve going round from place to place.
Loan Proposal
I will use the money to boost my inventory of packaging bags and envelopes that I sell in my neighborhood. I intend to expand my territory to neighboring towns this increasing my business volume. This is only possible with more capital that I intend to raise here.
More business volume will translate into bigger profits which will help me in meeting my financial obligations as well as repaying this loan in a timely manner.
Thank you for your continued support.
Income Source
I do grow and sell fresh vegetables as my side job. I will use proceeds from this venture in case my main business under-performs.
My Videos
May 17, 2021: My world of business
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$298.99
Date disbursed
May 25, 2021
Repayment status
Late
Projected term
4 months
Cost to entrepreneur
Service fee: $12.91
Credit risk payment:
$64.55
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