Loan to add energy saving bulbs in my stock
Jackline
Bumala, Kenya
100% repaid
Entrepreneur
Name
Jackline
Member since
May 2015
On-time repayments
25 installments • 44%
About Me
My names are Jacline Wasike,was born in Bumala ,Busia kenya.I was the first born in a family of six .my mother is a taecher and late father was a policeman. I grew up with lots of problems despite the fact that both my parents were working my late father was a heavy drinker and could turn violent and beat us up. When i was 16 years old my parents divorced because my mum could not take it anymore.
I moved with my mum in single rental house in nearby shopping cent re,mum struggled to see me through school . i worked hard in school so that i could help my mum raise my siblings. I passed well and joined maseno university where I studied business management.
Life in college was tough,I met a lady friend who was selling,electronics and she asked me to be her sells lady in the campus,i grabbed the opportunity and would always convince my campus colleagues and community around campus to buy my merchandise.from the sales commission I was able to pay my school fees and bills and support my mother.
I also saved some money and when I completed studying in 2013,I went to start my own business.As usually the business had teething problems but i did not give up,I struggled and is still struggling to make it a big electronic shop in the region.
I am still single ,and has no kids.looking forward to get kids married and get kids soon.
I love watching movies ie documentaries,blogging and politics.
My Business
my business is called Asante (thank U) Electronics.I deal sale bulbs,electricity wires,sockets,pipes etc my business has expanded over the past two years ,I keep investing and adding stock to ensure my clients get what they want under my roof.
Electrical goods are always in demand as construction industry keeps expanding and the government is determined to increase connection to 75% in the next 5 years. there is huge potential for growth in these sector.
I choose these because it has huge profit margins and the goods are first moving.
I sell goods worth $800 in a month. I spend $600 in inventory .in a month I make an average $200 profit.I use the money to pay fees for my siblings,pay bank loan and support my mother.
Loan Proposal
Good evening lenders,I hope you are doing well. I wish to thank you for your incredible kindness that is changing the lives of many. I wish to request you to help me add energy saving bulbs in my stock.these goods are first moving and I need to stock more to reduce my trips to town to bring more after evry two days. when I buy in bulk I will also enjoy economies of scale and thus increase my income.thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 19, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Taiwan
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