Entrepreneur
Name
Geoffrey
Member since
September 2016
On-time repayments
77 installments • 69%
About Me
I was born on 8/11/1987 in a village called muthingiini makueni county. I'm a first born of mr katumo katoa and mrs Alice katumo. I started my primary education in 1994 at Iiani primary school and completed in 2002. Then I started a small business selling groundnuts at my home village it was not doing very well. Then i went to mazeras town in kilifi county to find a job. I was employed as a shop keeper for two years. Then the shop got burned and left me jobless. I then started working in a farm for a year and got a capital to start my own kiosk and it has grown up to a shop now. People here like farming and selling coconuts. My child wants to be come a business man when he grow up. I like watching football.
My Business
I sell almost everything sold in a retail shop such as milk, bread, maize floor, sugar, washing soaps, tea leaves, blue band etc. They are in high demand because people cannot do without using these types of goods in their daily use. I choose this kind of business because they sell faster and have good profit. My typical cost for license is 5,000 KES per year electricity about 3,000 KES per month. I used the profit for home improvement and school fees for my son.
Loan Proposal
I will buy 10 bags of maize flour at 11$ each, 3 bags of rice at 17.5$ each, 3 gallons of cooking oil at 24$ each and 2 bags of maize at 60$ each. It will increase my profit by 10 %.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$279.00
Date disbursed
Apr 24, 2018
Repayment status
Late
Projected term
6 months
Other loans
Lenders
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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