Entrepreneur
Name
Samuel
Member since
September 2014
On-time repayments
91 installments • 9%
About Me
My name is Samuel Kisilu, I was born in Mariakani, The coastal part of Kenya. I am a married man with two sons, I own a shop in the Suburb of Mtwapa in a village/Street called Funyula. I came to Mtwapa in the ealry 1990s and settled here. I completed form four education in Mombasa and apart from The shop business i am also a tour agent in Mombasa Bamburi Beach. I work for Mombasa Beach Operators. I like swimming and travelling, i like adventures like visiting the National parks and having some good time.
My Business
Tumaini Shop is the name of the business. It was started in 2006. I sell basic shop things like salt, sugar, flour, mineral water, cooking fats, refreshments and others. There is demand of the products because the things i sell and basic things that a person may need to acquire on a daily basis. My monthly costs go upto 260 Dollars my monthly income goeas upto 360 Dollars so i may make a profit of 100 Dollars or 120 Dollars depending on the demand of the products. The monthly costs include bills like rent+electricity+transport and stock. I am going to use the loan to purchase more stock for my shop.
Loan Proposal
I will use the loan to add stock to my business The stock will comprise of sugar, soaps, cooking fat, cereals and other needed material at the shop.
The cost of the products will cost me 130 US Dollars and in return i am sure of making a good profit out of the purchase.
The purchase of the stock will increase my sale drive because there is always a high demand of the products hence i am more than sure of gaining more profits.
Lenders should support me as i know the venture i am into is of help to the human race and i am sure of making the repayment in time.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Oct 6, 2014
Repayment status
Late
Projected term
21 months
Lenders
Bridgton, United States
Montreal, Canada
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