Benson
Ruai, Kenya
100% repaid
Name
Benson
Member since
March 2017
On-time repayments
21 installments • 71%
My name is Benson Munene Njeri I work in the ministry Of Education Kenya.I am the fourth born of my family of 5.grew in abject poverty without a father raised up by my grandmother it even hard afford a meal.i struggled through my casual labour where i save to further my studies.thereafter securing employment.my net salary is 300 dollars am the sole bread winner in my young family and because of financial I engage in the business of supplying office stationary to offices and bookshops.I receive orders and after delivering the items I get paid and a make a profit which go handy to supplement my income.
I supply office stationary to bookshops and offices which includes photocopying papers,tonners,envelopes,writing pads,ink pads,paper Punch's,staples,stapplers,sticker glue,pins,writing pens,pencils,rulers and rubbers.this cost me 50 dollars and the delivery and down payments I do make a profit margin of 20 dollars.This profits I use to expand my business and support my family.The source of my capital is savings from my salary.
i will use the loan to buy photocopying papers @10 dollars, writing pads @ 5 dollars, envelops @ 5 dollars, paper punch @ 5 dollars, staplers @ 5 dollars, writing pens @5 dollars, mark pens @ 5 dollars. The remaining balance of 20 dollars i will finance from my salary to get the whole amount of 42 dollars. Out of this tender i will get a profit margin of 20 dollars after the supply. This profit will help me meet the needs of my young family by paying house rent and bettering our livelihoods. At the same time i will get more capital to expand by business.
Positive
None
Neutral
None
Negative
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Project Type
Classic Loan
Disbursed amount
$35.00
Date disbursed
Feb 22, 2018
Repayment status
On Time
Projected term
4 weeks
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