Purchase of more fixed assets for the business
Kiplangat
Bomet, Kenya
100% repaid
Entrepreneur
Name
Kiplangat
Member since
December 2014
On-time repayments
384 installments • 79%
About Me
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My Business
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Loan Proposal
Due to steady rise in demand, I was forced to increase the machinery to enable my client served intactly.I added two more computer and consequently hire one more personnel, and at that moment I could net in KSH 30,000 a month having paid the operating expenses.
Currently I yearn to increase the capacity of my output could there be way of sourcing fund externally.My recently completed loan of Ksh 18000 i used to purchse a small photocopier which costed me Ksh.25000 where i had to add some money out of my equity,i am applyiong a loan of Ksh 38026 which am planning to buy another combined photocopier and printer in it.the remainder shall be utilized for minor repair which wont cost more than Ksh10000 In order to enjoy the overwhelmimg demand in the area.
Should I get a well wisher to further gear the business I believe I shall be able to exploit the potentiality existing in the area.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$382.00
Date disbursed
Nov 19, 2015
Repayment status
On Time
Projected term
2 months
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