Name
Deri
Member since
January 2013
On-time repayments
17 installments • 41%
my names are martin mumbo deri. i live in mtwapa in Mombasa Kenya. am married i live with my wife here in mtwapa next to imara teachers training collage.am blessed with one child boy who he is two and a half years. he is not in school since he is still young.my occupation is business man i sell charcoal. i have small charcoal vendor shop here in mtwapa mikanjuni.my education background is class seven this means i could not go a head with my studies because my family could not able to pay school fees. due to the family financial background. and because of this reason i decide to look for a small amount of money of which i started buying charcoals in small amount and sell to the customers into the village.i started this business because due of the my education back i could not get a better job that i could earn a better income that could cutter for my living that is why i stated this business. and for sure it has been doing well to me.
my business is of buying and selling of charcoals. i buy this products and transport them into my shop place in order to split some into small units so that i can sell them to the modern people in the area and the entire community at large.the demand of this goods are very high because this goods are being used at large by the community.people prefer buying these products from me because my price is reasonable to all people. my monthly running cost is Kenya shillings 30,000. and my monthly sales collection is Kenya shillings 60,000. this is now getting me a monthly profit of Kenya shillings 30,000
thank you very much for approving my loan. with this loan now am going to use it on the increase my stock. So with this loan i want to buy charcoal worth ksh 15,000 and ksh 10,000 to buy firewood and ksh 5,000 will be used for transportation. with this i will have a good opportunity of doing more business and expect more returns in revenue.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$476.00
Date disbursed
Feb 22, 2013
Repayment status
Late
Projected term
18 months
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