Sales of furniture and home appliances
John
Kayole, Embakasi Central, Kenya
100% repaid
Entrepreneur
Name
John
Member since
January 2014
On-time repayments
371 installments • 78%
About Me
I Am a God fearing man who has a passion of helping the needy within the society, Am honest, hard working, social, adventurous and ambitious. i love farming, swimming, traveling, making new friends, going for hikes and road trips, learning new technology and skills, helping the needy through equipping them with business skills etc. professionally am a computer programmer who also does computer networking, web development, IT related consultation services and graphic design. apart from that i also do part time jobs like teaching basic computing skills to form four leavers in one of my neighboring cyber, i also do team building facilitation with a company called Motivation solutions. From these job opportunities i have managed to purchase a car that is currently operating as a town cab or taxi, i have also been able to rent a small piece of land that i use for agricultural search purposes
My Business
I Am an IT expert working with Bluegel Technology apart from my professional job i do have other side businesses that am working towards their growth and expansion. my source of income is derived from my IT job, a Taxi business that i run as a side job, my facilitation as a part time team builder and a small service charge that i get from training form four/ secondary school leaver computing skill in one of the neighboring cyber near my home. i would like to expand my taxi business by purchasing a 32 seater mini bus so that i could now venture into the public transportation business which is very much profitable, apart from that i would also like to venture into the agricultural sector since i also have a passion of farming and growing organic farm produce
Loan Proposal
I have partnered with a gentleman in starting a 2nd hand furniture and home appliances store. The business is a great venture, for it will target young residents/ college students who are looking to move into their own homes for the first time. The business is located near 3 newly established colleges and a university. The area is currently flooded with new and upcoming residential apartments which are attracting students and other single residents to move in.
budget break down
Store rental space = kshs 8,000 per month * 2 = Kshs 16,000
Purchase of 2nd hand home appliances = Kshs 85,000
(beds, seats, tables, mattresses, cookers, music systems, cutlery, gas cylinders)
Business licence = Kshs 5,000
Labor for 1 employee = Kshs 6,000 per month
Outdoor poster Advert material = Kshs 10,000
Miscellaneous amt = Kshs15,000
Total budget = Kshs 137,000
Amount we have contributed = Kshs 40,500
Amount Remaining = Kshs 96,500
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Loan Info
Project Type
Classic Loan
Disbursed amount
$896.00
Date disbursed
Nov 21, 2017
Repayment status
On Time
Projected term
21 months
Other loans
Lenders
United States
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