Purchase of mitumba clothes

Peter Njenga

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Peter Njenga

Member since

June 2015

On-time repayments

140 installments  •  72%

About Me

Am peter njenga kamaru aged 26 l grew up in the slums of dandora having had to overcome various challenges in this life my education had so many hecups due to lack of funds but with the help of God l managed to finish my a levels nd joined a computer class where l gained the 10package knowledge.l always wanted to give the best to my family nd to be able to raise my children in the best way l can l always wanted to raise funds to open a clothing line business here in nairobi but lack of capital has made it diffucult for me l will rilly appreciate if u can help me fund the business.

My Business

I always had a dream of being able to depend on my own and offer the best to my family and the whole society at large but having financial strain it has been had and now it is nothing but just a dream . I want to open a second hand clothing business also known as mitumba in our country l believe that once am able to setup the business there is ready market where l stay in dandora,therefore l will be able to repay back the loan fully plus the 5%interest fee charged l will appreciate if you could believe in me and lend me the cash so that my dream can become a reality God bless you.

Loan Proposal

After l raise that cash l will be able to raise capital to buy mitumba clothes in gikomba market on which after wards l will be able to repay the loan and make my profit.by doing that l will be able to secure even employment to the other youths who are based in our community therefore empowering them and eradicating poverty from our society and family at large.

Feedback

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1

  • Day Family    Feb 23, 2019

    Unfortunately due to ongoing late repayment and no updates or payments in 9 months, we've had to use Receive Advance Repayment to get the loan money back to assist other lenders.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$96.25

Date disbursed

Jan 25, 2016

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $3.99

Lenders

Aran Dunlop

United States

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