232 installments • 27%
My names are Sebastian Makokha Onyango.I am the first born in a family of 5 children;3 boys and 2 girls.I went to Saka primary school and later joined Bumutiru secondary school.I sat for my KCSE examination in the year 2003 and managed to obtain a C MINUS.Due to financial hardships since I come from a family of poor background I decided to open a kiosk where I used to sell sugar and tea leaves in very small quantities.
I met my friend in tge year 2010 who lend me with Ksh 5000 and I decided to switch my business to mitumba
sales.The demand of mitumba clothes is high because most people prefer second hand clothes.I use the profit I get to pay for rent and other basic necessities.I managed to repay the money I had borrowed and to date my stock is at 8000.
If you give the loan I will increase my mitumba business and buy clothes for both adult and kids.and sale them in this month February since they are in high demand,and my customers are asking me to bring them more clothes.
Feb 23, 2015
Cost to entrepreneur
Lender interest: $132.50 at 0.64% annual rate over 8 months = $0.63
Service fee: $3.70