Entrepreneur
Name
John
Member since
May 2017
On-time repayments
38 installments • 39%
About Me
I'm John mutuma 28 years old from meru county in Kenya. l was born in 1990 -1-1 in Maua meru county. In 1996 to 2006 I was in Ambaru primary school where it is located at Maua. From 2007 to 2011, I was in Akiongo secondary school where i got a good grade of C + .
After secondary education before joining college. I was helping my mother feeding cows and goat and also I had good time to growing different types of vegetables where I could sell them to the best prices during dry seasons. but during rainy season I couldn't be able to sell alot because many people were able to sell the vegetables at a lower price because they are available to all corner of the country. At the end of the year I had saved A lot of money that I used to join Jordan college of technology in the year 2013 to2015 where I completed a diploma in business management and administration.
My Business
In the year 2015 I got a job in county hotel in meru town where I worked as a manager. I worked only six months I had enough capital to start business of selling shoes.
The aim of the letter is to request a small business loan of 50 thousand to improve and upgrade my businesses. I have seen that when business is good that can be a great time to take out a loan and make things bigger because bigger is always better. my businesses is registered and approved by the county government department. I have been in a business for tow years and have shown a profit each year.
one of the reason my businesses of selling shoes is so successful its the only boutique of shoes in the area city centre. purchase new fashion of shoes daily to serve all customers in that area.
To meet my growing demand for my speciality I need to expand the room again and add a babber shop and saloon . There are several different business in the area that are also prospering because the market for Nairobi is growing. my businesses are crowded every da especially Tuesday to Saturday.
I have already invested most of my profit in the business and I require the loan to expand in order to meet my demand.
I'm 100% sure if you will approve my loan I will improve a lot and my community will be very happy because I will give them goods and sevices thy had never met before and my profit will increase from 50% to 80%.
I declare to you that I will be paying my loan as I will be requested.
if you have any question I can be reach through phone number 254727483139 or E-mail. [email protected].
Thank you for your attention to my loan application.
yours faithful JOHN MUTUMA.
Loan Proposal
Re. business loans requesting ksh 15000. The aim of this letter is to request a small business loan of boutique to improve and upgrade the room. I have seen that when business is good that can be a great time to take out a loan and make things bigger because bigger is always better and look around to see if you can get better interest rate. my business is rigesterd and approved by the county government of Nairobi in Kenya. I have been in a business for past one and half years and have shown a profit each year. One of the reasons my business of selling shoose is so successfull it is the only boutique in the area city centre of Nairobi kenya. I purchase new fashion of shoose to serve all the customers in that area. To meet the growing demand for my specialty ,i need to expand the business room , add some new products. The shop next door have angreed to sell to me their premises for expansion at a fair market price. There several other different boutique in the area that are also Prospero,and I believe that the market for Nairobi is growing. My boutique is crowded everyday especially from Tuesday to Sunday. I have already invested most of many profit in the boutique and require the loan to expand in order to meet demand. I'm sure hundred percent if you will approve to be given the loan ,It will be easier to improve a lot. my community will be very happy because I will give them the highest quality of services and goods.The profit will increase every year from $1200 to 1500. I declar to you that I Will be paying my loan according to the rules of leders. If you have any questions I can be reached at 254727483139 or at [email protected]. Thank you for your attention to My loan all location. sincerely .JOHN MUTUMA.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$8.00
Date disbursed
Jul 30, 2017
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
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