Willy

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Willy

Member since

July 2013

On-time repayments

36 installments  •  44%

About Me

My name is Willy. Am a kenyan living in nakuru county langalanga estate. Having been brought up modestly in eldoret i decided to shift to nakuru so that i could depend on my own effort so i decided to set up a business in Nakuru town at langalanga estate where i live.i operate a boutique and because it has grown i would like to set up a new shop in the town entre where most of my clients work.To theis end i would like to ask for a loan to top up my savings so that i can be able to set up that shop in town.This boutique.business has been able to sustain me and my family and would therefore like to set that shop to increase my and access new clients and increase my incime level.

My Business

Since i secured a business space some few days ago and paid a deposit for the shop that i am intending to set up a new shop in the town centre. My monthly sale as regards this boutique business is ksh.30000 and from this i get my rent and food and also i save a little for re-stocking of this boutique.I would no like to loose this space because i will allow me to access my current clients and my expected clients. I am expecting an increase in the number of new clients as this new location is ideal for this kind of business.The location is prime because i can also engage with new clients.The greatest risk here is political risk but this is manageable because the elections are over now and i dont expect any violence that can hinder my business's growth.I project that with that loan advance to me my investment will be increased and so is my living standard.I will be very greatful for the loan because it will help increase my financial stability for i will surely get that new shop running.

Loan Proposal

Since i secured a business space some few days ago and paid a deposit for the shop that i am intending to set up a new shop in the town centre. My monthly sale as regards this boutique business is ksh.30000 and from this i get my rent and food and also i save a little for re-stocking of this boutique.I would no like to loose this space because i will allow me to access my current clients and my expected clients. I am expecting an increase in the number of new clients as this new location is ideal for this kind of business.The location is prime because i can also engage with new clients.The greatest risk here is political risk but this is manageable because the elections are over now and i dont expect any violence that can hinder my business's growth.I project that with that loan advance to me my investment will be increased and so is my living standard.I will be very greatful for the loan because it will help increase my financial stability for i will surely get that new shop running.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Aug 6, 2013

Repayment status

On Time

Projected term

10 months

Other loans

Lenders

AdvancingCompassion

San Diego, United States

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