Franklin
Nakuru, Kenya
100% repaid
Name
Franklin
Member since
August 2011
On-time repayments
321 installments • 24%
My is Franklin married with one child am hard working and determined Kenyan.I have a business that is located at Kaptembwa
Majority of our customers are the residents of the area
The main line of business is suppliers of small selected items like sweets, polythenes etc , photocopy and mpesa
Kamptembwa area is a semi slum and has more the 10,000 residence. I have diversified in my business to ensure that there is continuous profitability.
The main challenge of the business is limited lack of funds and we plough back most of the business profit to ensure business growth. The future plans of the business is to become a small wholesale and include more products than what we are currently having.
My business is currently located at Kaptembwa area in nakuru town
The main business is photocopy, Mpesa and supplies of sweets and polythene.
On average the business makes 1500 per day which translate to around 40,000 per month
MONTHLY EXPENSES
stocks 15,000
rent 3,000
electricity 1,500
salary and wages 9,500
TOTAL EXPENSES 29,000
TOTAL INCOME 21,000
TAX 1500
This shows monthly business accounts and I believe that if I can have more capital business revenues can increase.The business faces competition from other business hence we need to diversify our products and that is why I need some funding so that I can add stock for my business.
Thanks a lot Zindisha team, I was able to take business license. Since the time i moved to my new business premises we have been sharing meter but other tenants have complained that my power consumption is very high. I have applied for meter separation from Kenya power and the total cost is $ 82 inclusive of $ 29.3 meter deposit.
It is my hope that you will consider my loan application to be repaid within seven weeks.
Thanks in advance
regards
Franklin
Positive
5
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$79.00
Date disbursed
Apr 8, 2014
Repayment status
On Time
Projected term
3 months
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