More stock for electronics business

Timothy

Nairobi , Kenya

100% repaid

Entrepreneur

Name

Timothy

Member since

May 2018

On-time repayments

46 installments  •  72%

About Me

I am a 25 year old man from a humble village in the heart of Kenya. I have lived here my whole life apart from when I'm in school. My parents are also from a humble background thus they have really struggled to see me through school.
I've always had an entrepreneurial mind. From as early as 10 years old I would sell avocados and sugarcane from our farm.
I started a small electronics business to help pay my fees and for my upkeep while in campus. I also send my parents some cash when business is good.
I attend charity events from time to time. Recently I have been to a home for elders.

My Business

I am currently into food crop and poultry farming. I have sixteen chicks that I am rearing and which I hope to sell by August this year. I am also growing cabbages tomatoes and capsicum..
In future I would also love to rear sheep and goats.
Farming is my passion and I am confident I'll make it.

I have recently joined Freelancing as a data entry operator. This has been a long-term goal and it will help fund my other entrepreneurial ventures.

Loan Proposal

If I get the loan, I intend to increase the stock in my electronics business.
I'd especially like to increase motorbike spare parts which have been in high demand recently.
My business is located in an area with a large population of motorbikes. The area is a cosmopolitan area with a lot of people working around and thus the need for motorbikes to transport them as they run their every day errands.
The motorbike spare parts are always in high demand and therefore sales and profits are always guaranteed.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$9.00

Date disbursed

Jun 16, 2018

Repayment status

On Time

Projected term

3 weeks

Lenders

CN

Craig Newmark

United States

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