Vincent
Nairobi, Kenya
100% repaid
Name
Vincent
Member since
November 2016
On-time repayments
65 installments • 72%
Dear lenders, my name is Vincent Semo. am aged 21. I was born in a remote village in kakamega county in Kenya. I schooled in local amprimary and secondary schools. through sheer hardworking I made it to university where am currently pursuing degree in actuarial science. since my university is highly populated I used to miss food in the school canteen due to commotion which made me think of starting my own food store to supplement what the canteen offered and also help out my colleagues. during my part times I like skating sio much.
I offer snacks and beverages in my canteen. my supplies are so useful since students have a shirt period breaks in between lectures hence they can't get time to cook or look for food from fa distances therefore I come in very handy. I chose this kind of business due to the high demand for snacks and light foods by my colleagues and the frustration they used to go through to satisfy this need. my typical costs are about 400 US dollars per month. I use the profits obtained to pay my shopkeeper, rent, buy stock and I also save a some for my future.
Dear lenders, if I successfully secure this loan I will use all tho moneys raised to rent a bigger space and partition the room. A room will cost me 50 US dollars and partitioning will cost me about 70 US dollars. I expect my profits to increase by around 100 US dollars. This will enable me to serve my customers even better and I turn realise an increase in profit margin.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$11.00
Date disbursed
Nov 18, 2016
Repayment status
On Time
Projected term
2 months
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