Loan proposal

Gladys Jeruto

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Gladys Jeruto

Member since

February 2015

On-time repayments

46 installments  •  54%

About Me

I am a young lady aged 27 years and the second last born in a family of seven, where four are brothers and three sisters. I have studied up to the level of a college diploma in business management. I am a vey hardworking, result oriented and ready to work with others to achieve the best. I got an employment in an institution after graduating as an accounts clerk. After a period of time I was inspired to start my own venture .The little saving I had saved served as a capital to start a boutique business. People in my place are entreprenual and thus we have been able to learn from one another as far as business is concerned. We are first role models to our fellow youth and children so that can emulate the same in future. During my free time, I go swimming and listening to gospel music.

My Business

I run a Boutique & camera cloths business in Kasarani. The business is located in a busy street where appropriate customers are available, thus making the sales increase. I ventured into this business requires less capital to start and easily accessible and market is readily available. The sales are approximately 1100/= per day and sometimes more than that on a busy day. Profits obtained from the business are used to buy stock back into the business.

Loan Proposal

I intend to buy more stock especially on the boutique brands I have been able to identify as first moving given this loan .This will enable me increase my daily earning by nearly 80% thus it might be great boost to my business. I look forward for a fruitful cooperation with you.
Your kindly consideration will be appreciated.
Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.19

Date disbursed

Feb 23, 2015

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Lender interest: $50.19 at 2.30% annual rate over 10 months = $0.97

Service fee: $1.59

Lenders

mepster

San Francisco, Ca, United States

TM

Theo Mbise

Switzerland

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