Name
Stephen
Member since
April 2018
On-time repayments
6 installments • 50%
I was brought up in Meru County ,from a poor background.I worked hard in school to make sure i made best use of the opportunity i got. I received sponsorship for my studies from well wishers. I am studying in the University, with determination and business minded. Handwork ,persistence and determination has helped me a lot in overcoming challenges i face in life. I started my business from my pocket money in order to raise money for my upkeep.
My business is running a small retail shop in the market next to the university. The high student population is my target. I was motivated to start the retail shop because of the high demand of basic commodities. The basic costs i face is rent for the premises,labour for the person who runs the shop when am attending classes, cost of buying stock. The small profit i realize i use for my upkeep in school and supporting my siblings.
The aim of the loan am requesting is to put more stock on already existing stock in my retail shop so as to try and see if it will generate more profit of which i trust it will. Since the shop is a location where there is high speed moving of the products I have no doubts of things working out on the positive side.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$2.00
Date disbursed
Oct 15, 2019
Repayment status
On Time
Projected term
3 weeks
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