Loan for buying more leather for my leather works

George

Nakuru, Kenya

33% repaid

Entrepreneur

Name

George

Member since

February 2014

On-time repayments

90 installments  •  49%

About Me

my name is george auchi from nakuru county.i come from a family of four where i am the last born.i went to kenyatta primary school where i did my primary education,then i proceeded to nakuru day secondary school for my secondary school.after finishing my high i didnt have money to proceed with my education so i looked for a job that could sustain me and my family.i got ajob as a researcher in mildward brown research ltd as afield data collector.its after this job that i managed to save some cash to start the business of selling shoes and travelling bags.i now need a loan to increase my stock. i will highy appreciate you assistance
thank you

My Business

my buasiness involves selling both second hand and new shoes.i also sell travelling bags.i have been in this field for the last four years so i know quite well on the ways and means the business is done.this business has lots of challenges and risks associated with it.the major challenges involves the strict taxation policies put in place by the local authorities,high increase in prices of commodities and the conflict between demand and supply.i have taken all measures to curb this.in agood month i manage to make sales worth 550 dollars and after doing a way with the expenses ,i remain with 350 dollars as my monthly profit. with this profit, i will be able to pay my loan in time.thank you and may GOD BLESS YOU

Loan Proposal

Dear lenders, I am really grateful for the opportunity of applying for a second loan in your organisation. My business has done great due to the kind help that you gave me. With this loan of 150 dollars, I am planning to add more leather materials from my supplier that will cost me 120 dollars and the remaining 30 dollars will help me in logistics. I am hoping that you will continue to be of much help to my business. Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$143.00

Date disbursed

Jan 12, 2015

Repayment status

Late

Projected term

11 months

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