Entrepreneur
Name
George
Member since
February 2020
On-time repayments
84 installments • 73%
About Me
My family and I live in Mombasa Kenya where I operate a small business. I have two kids , a boy and a girl. Before starting a business , I was in formal employement for more than 10 years . Since I worked far away from my family, It meant that I could not see my family for long periods of time. My starting a business has helped me bond with my children since I get to spend more time with them. When I am free, I like playing with my kids, watching documentaries and interacting witn people.
My Business
I operate a small business in the coastal city of Mombasa in Kenya. Over the years, the business has grown thanks to the support of our loyal customers.
We sell all kinds of gift products , ranging from Toys, Watches, Wall decorations, Sunglassess, jewellery to name but a few.
Loan Proposal
I would like to increase the stock of cheap watches in my shop. Of late there has been an increase in demand and variety. I will use the money to ensure that i avail the same to my clients. I will purchase approximately 160 watches each costing 160 shillings. Each is capable of giving a return of 200 Shillings hence making an estimated profit of 32000 shillings.
Income Source
Besides selling watches, i also retail refurbished computers as well as doing repair and maintenance of the same. This additional income generating activity will enable me to comfortably clear the loan
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Loan Info
Project Type
Classic Loan
Disbursed amount
$247.00
Date disbursed
Sep 24, 2020
Repayment status
On Time
Projected term
5 months
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