Loan to increase stock for my bookshop

Benard

Nairobi, Kenya

10% repaid

Entrepreneur

Name

Benard

Member since

August 2015

On-time repayments

263 installments  •  13%

About Me

am a firstborn in a wonderful family of three, a graduate of university of nairobi a cashier at uchumi supermarket and a stationery and green grocer owner.
starting business has always been a dream i wanted to achieve and with my personal savings, i was able to realise this dream.
In my country many people are now turning to entreprenuership being that jobs are few.
My hobbies include reading novels, watching movies and documentaries.

My Business

My business involves sell of educational books, fictional works and other educational materials. It also offers photocopy, printing and binding services too.
I opted to venture into this business because matters concerning books has always been my passion.
My typical costs are:
employee's salary- $112
rent- $77
electricty bill- $22
While the revenue stands at $335.
Most of the net profits are usually re invested into the business.

Loan Proposal

With this loan i will purchase:
Educational books worth $100
Novels worth $64.
Atlases and maps worth $64
This will increase the pool of books from which customers are able to choose from thus increasing profitability and satisfaction among customers.
This will boost the business' profit by at least 14%.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$239.00

Date disbursed

Dec 31, 2015

Repayment status

Late

Projected term

57 months

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