Entrepreneur
Name
Michael
Member since
August 2015
On-time repayments
65 installments • 51%
About Me
i am a kenyan citizen born at nandi from a humble background, i undertake a diploma course in sales and marketing to which the same knowledge is enabling me run my current business. for now i am at gilgil trying to make ends meet, throughout my lifetime i have been dreaming of venturing into business to which my dream have finally come true, i operate i kiosk dealing with food stuffs and other home requirement. the business is viable as the demand for my products is high and the surrounding community are positive about my venture.
My Business
the business is dealing with food stuffs and many other kitchen requirements, the above product are in continuous demand as they are the basic needs that human being can't afford to leave without, thus increasing their demand.
i decided to venture in this kind of business as it is fast moving business and the return on investment is high, besides the start up capital is not too much as i started the business with only ksh. 10,000 and currently am foreseeing it growing beyond that input cost within a very short period of time as the current profits are beyond 40% per month. this profit assist me very much with the expanding of the business since all the profits are reinvested in the business.
Loan Proposal
The above mentioned amount will help me a acquire more products for my clients, with this facilitation and upon increase of my stock i will be able to meet the increasing demand from my customers. the profit of my business will increase by KSh 1500 per week.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 2, 2016
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
United States
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