Name
Flora
Member since
June 2014
On-time repayments
93 installments • 20%
My name is Flora, running a business in Nairobi Kenya. I have been pushing solar lamps into to the market as a reseller. my goal is to distribute my own brand of Solar Equipments within Africa.
I have been in business for over ten years. Initially the business was based on waste management which has been shelved temporarily to allow growth in renewable energy as we await government policies on waste management to be implemented.
The Lamps are slow movers however with the introduction of garden lights, torches and street light, the business seem to be stabilizing. I have at least 5 sales representatives who are earning commission on sales. The demand is high however the cost of purchase is a limitation to supply of the demand
I am targeting to reach a loan range of Ksh.100,000 (US$1,000) to purchase goods thar will be sold at a profit of 30%. This will not only see the company grow but will start building a solid ground for employment and other opportunities within the community. On reaching the target I hope to lay a solid strategy for achieving and sustaining these goals is extensive public relations, campaign, recruit well-trained enthusiastic staff, deliver superior product knowledge and provide high quality customer service. I keep my costs down in order to offer competitive pricing on quality packages.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$10.00
Date disbursed
May 8, 2016
Repayment status
On Time
Projected term
6 weeks
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