More newspapers for resale

Richard

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Richard

Member since

August 2018

On-time repayments

1 installment  •  100%

About Me

I am a newspaper vendor planning to be a distributor soon. I do part time business with a Chinese company called Tianshi. . Before that I use to sell clothes and shoes. The biggest challenge in my business is lack of transportation . I spend a lot on transport, $8 a day. If i had my own car i could save a lot. My dream is one day to be a regional distributer for all the leading dailies in Kenya

My Business

My business involves Hawking local Dailies every morning along busy highways in Kenya. Newspapers are still very popular source of indepth news o the middleclass in Kenya.
Costs mainly include include transport and hawking license.
I use my profits to sustain my family and save the rest to expand my business

Loan Proposal

I will use this loan to invest in 200 copies which cost $100 . I will add $10 from my business. I hope to be able to change my and my family's life by investing more in my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Aug 11, 2018

Repayment status

On Time

Projected term

1 week

Lenders

Melissa K

Portland, Oregon, United States

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  • Richard    Aug 13, 2018

    Thanks a lot for the loan.
    I will use it to improve my business.

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