Entrepreneur
Name
John
Member since
October 2019
On-time repayments
15 installments • 60%
About Me
I am John maina, Kenyan aged 30 yrs and a proud father of two boys. I was born in Nairobi kayole estate where I went to imara primary school. I then went to ofafa Jericho high school and later Kenya polytechnic college where I did my diploma in accountancy.
My Business
I started doing business in 2019 where I started selling old and new bags at kayole junction. The business was doing well until I was relocated city council to another area. I had to rethink because the sales we shrinking so I opened a shop where I sell things in wholesale and retail. The shop is located in kayole area near Kona market off spine road plot no. A4-637 near blue sky.The shop, which is called Okoa shop, makes an average sale of 150$ per day and with that it's able to pay me 10$ per day and the other 140$ goes back to the shop. I have one employee whom I pay 60$ monthly. The demand is so high that sometimes I am unable to meet it that is why I am requesting for 1500$ for me to have good stock so that the customers may not lack anything. With that amount, the average sales per day will increase to 250$ to 300$ or even 400$ and with that I am sure I will be able to pay myself 25$ to 35$.
Loan Proposal
I want to use the loan amount to increase my stock. The items that I will buy are 25kgs of rice and 25kg of black beans. The dry grains are a good source of income because people use the for consumption every day.
Income Source
With the profit that I make every day from my business, it will not be hard to pay the loan. I will do it the way I did my last loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$58.00
Date disbursed
Sep 12, 2020
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Gold River, Canada
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