Mwongeli
Machakos, Kenya
100% repaid
Name
Mwongeli
Member since
August 2017
On-time repayments
31 installments • 55%
my name is mwongeli kivanga .am the seventh born of nine,
my name means addition in our local language .i grew up in a culture of competition where education is valued both as major a transition of life and a tool of empowerment.
in ups and downs of the family bringing,my parents have managed to make me attain q diploma in cooperative management and from my own initiative i have q diploma in business management and q certificate in entrepreneurship.
i believed that these tools will sharpen my passion and career,i began my clothing business after school.
my business entails clothing,printing and photocopy services. i began the business with the savings i had accumulated while in school.The operation cost is $60 that is rent,transport,and internet supply .the net profit is $150-$200.depending on customer turn up since it's a growing business the profits are used to for keep up and ploughed back in form of stock.till a desired level of income is attained.
when given this loan i plan to buy printing papers worth $400 and add epson ink worth $200
i believe that it is an opportunity to start at the production level where i will be abe to supply to my customers with a 2% discount to stimulate demand and enhance my growth strategy.
i am expecting a 5% profit
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$66.00
Date disbursed
Jul 30, 2018
Repayment status
On Time
Projected term
2 weeks
Other loans
Ask Mwongeli a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.