Entrepreneur
Name
Ronald
Member since
March 2017
On-time repayments
88 installments • 22%
About Me
I grew up just like any other child. i started school in 2001, from home to school was a long distance and I had to trek from home to school and vice versa. However, I never gave up my primary education, which i successfully completed. After my primary education i went to secondary school at District level where i passed through hardships like lack of school fees and i kept depending on bursary funds which sometimes was hard to get due to corruption and political differences and also ethnic differences. this made me depend on casual labour to cater for my school fees and my up keeps.
After high school i started casual work to raise funds that enabled me to join polytechnic where i took a course in electrical installation technology. While at the polytechnic i started taking contract jobs and internship which equiped me with knowledge and work experience. By then i could get cash that helped me to pay my school fees as well as my daily spend.from then on i started saving money in small amounts that enabled me to start my electrical shop where i started offerring services to customers .i chose electrical services because electricity arrived recently and more people are now getting connected.To be able to meet the demand of the people in my area i sought to access a loan that will enable me to serve more customers. During my free times i like watching football games and also reading novels.
My Business
am a business person and i deals with electrical equipment's and installation services. In our locality electricity just arrived recently and more people are now getting connected with power daily. In our area there is scarcity of electrical equipment and thus we depend on our neighboring towns to get access to this services.This made me to realize the importance of setting an electrical shop. To open my shop i raised money from contract jobs that I was offered. Through my commitments i saved. I also got some funds from my mother who works at a village hotel to raise fees for my younger brothers and sisters.
Am not yet married but from my little earning I help mother to raise fees for younger siblings and I also do farming that helps me to reinvest.
Loan Proposal
I will use the loan to buy electronic equipments which are in highly in demand in our locality.i will buy ten bulb holders,ten bulbs,twenty meters of flex cable and ten meters of twin with earth east african cable and ten socket outlets .this will increase my profit by 150%. i will use the profit to buy food stuffs and also for my savings so as to maintain myself and improve my businesss.my businnesss has increased and so i will employ one of my relatives to be acting in my absence.This means i will improve the life of my coleague.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$38.00
Date disbursed
Dec 5, 2017
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
New Zealand
Hong Kong
United States
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