Loan to boost my stationary shop

Michael

Eldoret, Kahoya Estate, Kenya

100% repaid

Entrepreneur

Name

Michael

Member since

January 2016

On-time repayments

121 installments  •  32%

About Me

My name is Michael Mwasame,I was born in a placed called Bungoma county, Bungoma is located in western kenya on your way to Malaba , from Bungoma to Malaba is just 50kms, My parents stay in Bungoma till now since it is our home, I went to school at Bungoma sikoma Primary school from Nursery to class 8, and Bungoma High School which is located just within Bungoma Town, After My Primary Education I joined I joined Moi university for training as an health officer.
I am a father of three kids and one wife namely Billiah Nangila, we are all blessed and we are also Christian who fear and love God

My Business

My Business is now 5 years since we started together with my wife, our business Deals with office stationeries and printing, we are located in Eldoret Oloo street, Fims House door Number three. at the Business we have two employed persons, our revenue income we generate between ksh 22,000( $220) to ksh35000 depending on how clients orders the printing work and office stationary.
the challenge we are facing now is how to get enough money to meet the needs of our clients and this has become a big challenge and a threat to the business, the reason why we choose this business is because we saw the need in the society since most of people used to go to Nairobi or Nakuru to do the printings and to get office stationeries.

Loan Proposal

The purpose of the loan is to purchase more office Stationery to meet the needs of customers and also to increase the size of our business. the amount of ksh15,038 ($150) will go direct to purchase of the things needed by the customers. The things I will purchase are as follows
Paper rims for printing cost $85 this can print about 1800 papers while the $65 will be used to get carriage for printing.
By end of 2 months I believe my business will increase in number of clients and profit, which I believe will be increase between 8% and 12% within 2 months

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jan 30, 2016

Repayment status

On Time

Projected term

19 months

Other loans

Lenders

John Makongo

Kitale, Kenya

PG

Paul Graham

United States

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