Stock increase

Henry

Wang'uru - Huruma Village, Kenya

100% repaid

Entrepreneur

Name

Henry

Member since

March 2015

On-time repayments

111 installments  •  88%

About Me

I was born in Nairobi, in the slum of Mathare. I joined Mathari primary school in 1981. I was later enrolled in Eastleigh High School and Nairobi Institute College where I attained Diploma in Draughtmanship. I worked as a draughtsman until 2013 when I joined my wife who is a trained secretary in our family business. We have two children one in primary school and the other in secondary school. Both would like to join us when they finish school. Currently we leave in Mwea. This is a rice growing area under irrigation. When not in work I do community work and reading.

My Business

We started our business in 2010. We offer secretarial services i.e typing, printing, design of wedding and birthday cards and selling stationeries. We have currently started shooting passport photo. We decided to venture into this business after identifying the problem facing the residents: most of them are not learned. For instance some bring documents written in English to be translated in their mother tongue for them to understand. Our profit is currently 60% of our purchase which is approximately 480dollars per month. We use our profit to pay our family bills including school fees for our children and expanding our business.

Loan Proposal

Once i will receive the loan i will buy my stock of drinks since i have introduce in my business another type of sales i.e selling soft drinks. A create of drinks cost 9.1 $ and i need 39 create. Total 354.9 $. 14.54$ will be used to transport them to my premises and printing leaflet for advertising new product.
Once customers come to my business premises sometimes they decide to stay waiting their typing and printing works to be completed. I decided to introduce sale of drink for them as they wait. This makes them wait their work as they enjoy the drlnks with their friends. This will give me addition of 31.9% profit

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$485.00

Date disbursed

Jun 13, 2018

Repayment status

On Time

Projected term

6 months

Lenders

Cloudways

Malta, Malta

Jamal Hamou

Cascadia, Canada

V

Vidar

Oslo, Norway

RC

Rudi Chen

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Adrian

Liverpool, United Kingdom

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