Loan to buy office furniture

Nicholas

Ngara, Kenya

100% repaid

Entrepreneur

Name

Nicholas

Member since

June 2017

On-time repayments

79 installments  •  65%

About Me

My name is Nicholas Nyongesa aged 30 years. Since my childhood i have been exemplary in educational work with a never to say-die spirit since my cultural and remote environment did not consider education important. However i realized the importance of opening up my mind through the power of education with excellent performance that attracted well wishers to support my education including government scholarship at my university education. After my university education the entrepreneurial spirit within me arose and i started a data collection business where i could walk in the targeted places to interview the respondents on behalf of my clients undertaking research which i have diversified and currently doing supplies in stationery to nearby schools. My 4 year boy tells me that when he grows up he would like to be a pilot. I read entrepreneurial books during my free time

My Business

I do data collection for researchers undertaking their research works and also supply stationery and food stuffs to nearby schools within the proximity of Nairobi Kenya which is well paying and i wish to explore other markets in neighborhood

Loan Proposal

Hi lenders, I wish to apply the loan to purchase office furniture for my research business. This is expected to cost $1000 categorized as follows
Executive table=$500
Executive chair=$200
Waiting office chair=$100
2 clients chairs@100=$200
The furniture will give value to my business so that the bargaining power and confidence to the client is achieved. This will also increase the business profit by 40% from the current profit. With the new furniture also my working efficiency and effectiveness is expected to be enhanced as a result of better working environment. Thanks in advance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$846.00

Date disbursed

Jun 11, 2018

Repayment status

On Time

Projected term

3 months

Lenders

Cloudways

Malta, Malta

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

Adrian

Liverpool, United Kingdom

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