Loan request to fund my retail shop

Gift

Budenge, Kenya

100% repaid

Entrepreneur

Name

Gift

Member since

July 2016

On-time repayments

69 installments  •  86%

About Me

I am 37 old kenyan from busia county,Samia sub county,Nanguba location,Bujwanga sub location,Budenge village. I am a third born in a seven children family.I went to Namasali primary school. St Paul's Amukura high school, and then Makerere university where i studied Mass communication.I am currently working as afield officer at Innovations for poverty action as afield officer.due to life challanges i decided to start a retail shop to increase my income.

My Business

i run a retail shop just next to where i stay. it is doing well,thanks to the availability of customers.i sell mainly foodstuff including bread,sugar,milk,salt and other foodstuffs .in a month i get revenue of 3000 dollars and a profit 500 dollars.i really love my shop and sometimes when i am free i spend sometime serving my customers.most of the time my business is attended to by my spouse and i feel this gives her employment something that is very rare to find in my locality.

Loan Proposal

I am requesting for a loan of Kes 596. I will use the money to increase my retail stock.This will help me get more customers and make more sales.I project to be making an extra profit of 10 dollars per day as a result of this loan

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.00

Date disbursed

Nov 23, 2016

Repayment status

On Time

Projected term

6 weeks

Lenders

R

RMIM

United States

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