Name
Kelvin
Member since
June 2017
On-time repayments
9 installments • 0%
My name is Kelvin. I am 26 years old. I am an entrepreneur. I have a movie selling shop and article writing job. I grew up getting interested in doing business after I had seen my relatives and family doing well in business. I later grew up to know the importance of financial freedom and solving people's problems while at the same time making money out of it. I am a risk taker and very mucj passionate about entrepreneurship.
My business is a movie shop and article writing business. I sell movies to people and as well write proposals and articles for clients. I also charge phones and phone batteries for my clients since in my locality, we have people who cannot electricity in their houses but they own mobile phones. I am planning to expand my business to selling electrical accessories such as mobile phone charges, earphones, mobile phone batteries, mobile phone power banks, electricity bulbs etc.
I will use the loan to acquire extra items in my shop for sale. I will buy 15 mobile phone chargers at a cost of $2 each and sell at a selling price of $3 each. I will also buy electrical bulbs at a price of $1.5 each and sell at a price of $2 each. I will buy 20 mobile phone earphones at a price of $5 each and sell at a price of $7 each. I will also increase my stock by buying 20 mobile phone power banks at a price of $5 each and sell at a price of $10 each
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Negative
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Project Type
Classic Loan
Disbursed amount
$3.00
Date disbursed
Sep 5, 2017
Repayment status
On Time
Projected term
3 weeks
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