Stephen
Mutuatine, Kenya
100% repaid
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.
I will buy more goods such as sugar, rice, flour and different types of sweets in a whole sale prices from the wholesaler to increase on my stock in order to help me make more profit and pay back the loan i requested. It will help me pay the shopkeeper who i normally leave to help me run the shop when i attended the lectures since i am a student who ventured into the business after getting ideas from my studies and decided to start one so has to help me get some cash for my upkeep while in school.
Positive
None
Neutral
None
Negative
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Project Type
Classic Loan
Disbursed amount
$1.00
Date disbursed
May 10, 2018
Repayment status
On Time
Projected term
1 week
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