Loan for tea flasks, washing basins & plates for my shop

Hassan Mutunga

Mazeras, Kenya

100% repaid

Entrepreneur

Name

Hassan Mutunga

Member since

October 2013

On-time repayments

57 installments  •  32%

About Me

I am always kind to people in need. I am also very social with all people and my interest is to make people happy by helping them through difficult times in their life. I also give courage to people to have goals on their lives.Most times I care to give guiding and counselling to people who have difficulties on how to start their own business after high school.This is because when parents fail to raise their college fees they get quite discouraged. Many people come to me with tough challenges and i give them the way forward and they succeed more than they expected.I love people making it in life.

My Business

After high school back in 2011, i had many challenges of a new life.But i had a way to go by. Because i had my goals since primary school to be a businessman, i started a small business of selling 5 basins, thermos flasks and a few 'sufurias'(aluminium cooking pots). This business which was not everywhere before at Mazeras.The profit i get from this small business i help my mum to feed my young brothers and sisters and pay school fees to my brothers.To get new stock i have to travel all the way from Mazeras to Mombasa.So i need the loan to buy more products for sale on every to reduce number of trips to town for stock every month.

Loan Proposal

I need this loan to reduce number of trips to town to replace my stock. I want to save the transport cost of going town for more purchases ane spend more time in my shop selling household items. I need to be available for my customers find me most of the time. I will use $50 to buy tea flasks, $50 to buy basins ane $20 to buy plates. Help me push my business to next step of more services ane more attention to selling best products to my royal customers.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.44

Date disbursed

Jun 10, 2014

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Lender interest: $150.44 at 10.02% annual rate over 1 month = $1.74

Service fee: $0.65

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