Purchase of equipment for wedding decoration business

Joseph

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Joseph

Member since

March 2015

On-time repayments

103 installments  •  7%

About Me

I am a Kenyan male who was born in the central part of Kenya by two wonderful farmer parents. I started my schooling in 1994 to 2006 when i completed both primary and secondary education. Schooling was not easy because sometimes my parents did not have money, but at such times i would do some small jobs and help my parents raise some extra cash. After school i continued doing my small jobs and later i started my wedding decoration business. I later got an employment in a flower export
company but i still continue with my business as a part time.

My Business

My business is a wedding decoration business, where for now i buy flowers at the flower farm and decorate weddings, and other events that require flowers. I am also employed in a vegetable and flower exporting company which is another source of my income. I make around 300 dollars in a month from my business and employment, and my costs are around 200 dollars in a month. I am working on a growth plan especially in my business whereby i plan to buy more equipment like flower pots and vases and in future be able to buy other major things like tents and chairs, and many other things that are required in Live events

Loan Proposal

I plan to buy some more flower pots and flower vases, which will cost around 50 dollars and i will also increase my flower stock at a cost of approximately 100 dollars. I will also purchase more decoration related items in the future as i plan to grow my Decor business. The cost of all this will be approximately 150 dollars and this additional investment will impact positively in increasing my profits because i will be able to provide more in service than am doing right now and also be able to employ some other jobless young people who have the skill but don't have anywhere where they can use their skills.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Mar 23, 2015

Repayment status

On Time

Projected term

4 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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