Entrepreneur
Name
Sam
Member since
January 2014
On-time repayments
317 installments • 62%
About Me
Hello, I am a Kenyan of Kisii descent, currently living in Nairobi (Langata Estate) for the past >7 years, I am a university graduate, having graduated with a BSc Honors in Mathematics & Chemistry from Jomo Kenyatta University of Agriculture & Technology
I grew up in the rural areas of the highlands where it was hard getting to school but I managed in the group of others as well each morning walking up to 4 kms.
I enjoy eating meat and have always been fascinated with owning my own meat shop since i was young
My Business
If granted the loan facility I will be able to repay this over a predetermined period and interest rate as I may chose from the earning of my current job. I am currently employed on a permanent contract basis whose termination clause is only effective after three month’s notice. The amount of money I can be able to pay for a month could be up to Ks 1500.00 per month with no much strain. Also within the same period I expect that the business venture will have picked up and hence will not struggle to pay back the loan.
I would like to start a second hand clothes delivery business within Nairobi and its environs.
Loan Proposal
I will use this to get a meat mincer, retail prize is about 120-140 $
Benefit is will provide more choice for customers and I later intend to diversify into samosa business too
I will gain a margin of bout 15% into my current earning as I have been getting many requests about this
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Loan Info
Project Type
Classic Loan
Disbursed amount
$210.00
Date disbursed
Jul 18, 2017
Repayment status
On Time
Projected term
31 months
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