Subsistence

Lemmy

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Lemmy

Member since

February 2017

On-time repayments

12 installments  •  75%

About Me

I am a hardworking Kenyan mainly earning from employment income. Like many other Kenyans, I have brilliant business ideas whose implementation has been greatly challenged by lack of capital or the inability to access capital.
We have to keep trying and working hard to achieve our dreams and attain success at the levels we aspire.

My Business

I am currently running a small barber shop which has grown at a rate higher than anticipated. I started with the capacity to serve two customers at a go but currently can serve three customers, growth that has been achieved in less than six months.
I have plans to venture into other fields of business in order to diversify and reduce my risk.
I have also recently managed to open a video play game store in my endeavor to diversify. It has just started operating but so far things look good.

Loan Proposal

I am currently in a cash tight position. When received, this loan will be used to facilitate my day to day activities - transportation, and subsistence, to enable me run my activities more freely and efficiently.
It has been a bit difficult for me running up and down to ensure everything in my business is in order. Being financially able to move around will give me a big boost in ensuring the day to day activities in the business are run well.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$8.00

Date disbursed

Aug 9, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

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  • Lemmy    Nov 5, 2017

    My last loan helped me clear school fees balance for my son.
    I am in the process of opening a new busines, a modern playstation store. Having already acquired everything to be installed in the premises, only thing remaining is paymemt of the license.
    I will add to thos loan to acquire the license and with that i will be able to open the business.

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  • Lemmy    Sep 20, 2017

    Thanks alot for funding my loan. I will add to the funds to pay for my son's school fees. This will help me concentrate on other issues without the stress of school fees ( one problem off my shoulder).
    Thank you very much.

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  • Lemmy    Sep 7, 2017

    My last loan really assisted me as I got run errands within my business premises and also get small supplies for my business. This helped me go a long way in ensuring the continuity of customer satisfaction which was actually under threat at the moment I was applying for the loan.
    For this I am grateful.

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  • Lemmy    Aug 5, 2017

    Good afternoon Alan Tait,
    Thank you very much for funding my loan. I now will be able to pay my transport to and fro my business to oversee the smooth running of events.
    Thank you very much.

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  • Lemmy    Apr 7, 2017

    Though belated, I take this chance to show my appreciation for he loan received. I must say I was amazed and how fast it came, I can be very pessimistic some times especially when I am in dire need of something.
    I added some little cash I had on the side to the loan and purchased an electric kettle to replace one that had been faulty. This went a long way in enhancing customer satisfaction and saving the service time for each customer.
    My business is growing steadily inspite of the hard economic times and I thank God mostly for the staff, they have been very supportive of this growth and very hardworking too. Daily earnings have almost doubled compared to January 2017 and I intend to plough back these earning to further boost the growth of the business or even open a new one somewhere else.
    I take this as sign of good things to come in the near future, especially now that my responsibilities as a parent are increasing - paying school fees and all that. I can only go forward by working hard and wisely so.
    Once again, thank you very much.

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  • Lemmy    Feb 15, 2017

    Thank you for considering me for this loan. This will be used as a stepping stone to start implementation of the great business ideas that I intend to fully implement in future.
    I have already started one business, a barber shop and currently in the process of opening another one, a play station.
    These funds, when received will be used to purchase some small items of stock in the barber shop to ensure uninterrupted service delivery to our customers.

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