Repair my car to enable me meet my clients for insurance

Joseph

Juja, Kenya

100% repaid

Entrepreneur

Name

Joseph

Member since

January 2018

On-time repayments

31 installments  •  16%

About Me

I was born and brought up in rural county of Nyeri in the republic of Kenya 43 years ago in family of ten siblings.

I attended school and graduated in 1999 upon which I started looking for job to enable me to contribute towards educating my younger siblings since my parents were not financially stable .
After graduating I first engaged in the business of selling second hand shoes popularly known as mitumba.
Later I got a teaching job (which was not paying well) and then after that I started insurance sales.After doing insurance sales for 10 years I started an electronic business which has now picked very well and I am planning to expand it.
I love business ventures more than being employed and that why I seeking capital to push it to the next level.
currently my stock is worth 300,00 Kenya shilling and am optimistic that will grow.
I will really appreciate if you come to my assistance.
I am planning to buy more stocks with the next loan.
Thanks.

My Business

I am currently selling electronic such as tv sets ,woofer,mobile phones,mobile phones accessories etc.
My stock is valued at ksh.300,000.
I wish to add the stock for the fast moving items such as the mobile phones and accessories.

I need ksh 100,000 to enable me stock the high demand items.

Loan Proposal

I intend to add stock,specifically I wish to buy phones for sale to students who are joining universities around Thika.
My budget is Us$ 1000.
I expect to make 40-50% profit from the sale.
My car also require services for it to take me out the field.
Insurance products give an average income of 30% .My target is to sell Us$ 1000per month.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$70.00

Date disbursed

Jan 25, 2018

Repayment status

On Time

Projected term

2 weeks

Lenders

Paul Buchheit

Mountain View, United States

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