Stanley
Kitale, Kibomet Estate, Kenya
100% repaid
Name
Stanley
Member since
January 2015
On-time repayments
54 installments • 48%
I am Stanley Macheso from Kitale Kenya, I Am the third born in a family of 6. I am a college leaver and I stay in Kibomet Estate.
I am hardworking and determined young man. the challenges of lacking school fees in school and college has given me the motivation to excel in life.
I do believe that the courage i have has made be to be what i am today.
My hobbies are Watching movies, socializing and visiting places
I have a business that has existed for one year and Six months.
By business is called AMC Entertainment. It has been in existence for one year and six months. It deals with sale of Movies, Songs, and Other entertainment Things. I also Sell Blank DVDs and CDs to people.
The Business generates a Daily Gross of Kshs. 2500 per day with a net of Kshs. 1300 per day. It has potential for growth and i know with an additional capital injection. it will help me increase stock to boost my sales.
The Profit i get goes to Paying the rent and Meeting my personal needs. the rest i use it to add more stock
I deal with sale of Blank CDs, DVDs, Flash disks, and Movies. The business has grown and so the daily income i get has helped me cater for my needs and get an extra income to invest in other agricultural projects.
The loan i am asking is to help me Buy more accessories that will go a long way in increasing my sales because of the extra income i hope to get. The market and opportunity for growth is so much. The daily sales range from $30 dollars and hence with this i have a daily profit of $4 i believe that i am on the right path to growth.
Below is the budget for the loan and how i will use it:
CDs/DVDs= $20
Flash disks= $25
Computer accessories for resale= $60
Thank you in advance
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$198.00
Date disbursed
May 13, 2015
Repayment status
On Time
Projected term
3 months
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