Name
David
Member since
May 2013
On-time repayments
115 installments • 37%
I am married with three children. my first born is in class three and the second born is in class one and the younger one is one and half year old. I a married to one wife who love so much. she is house wife and takes care of my children very well while I work hard in my business to provide the basic needs for my family. I have ventured to many business such as selling clothes which did not pick well due to lack of enough capital to run it. I was once employed a s casual labor in a timber industry for five year and then I moved to my own business of selling hardware building materials and equipments.
My business is of selling hardware materials and equipment to hardware shop on wholesales terms who the sell them to the their customer at retail price. I by my product directly from the manufacturer and distributors at a discounted price where I enjoy a cash discount and trade discount from the dealers and then sell them to my customer at a profit. In this business I make a profit of Ksh 15,000 per month after paying for all my expenses. this money I make I use for my family basic needs such as food and paying for rent. The main challenge of my business is lack of enough capital to buy more goods and meet the high transport cost
Thanks alot for granting me another chance to apply another loan.I intend to restock my business and to add more chicken .I also intend to buy chicken food in bulky.I will stock pipes and plumbing fittings and modify the poultry house.I am also planning to open up another hardware shop .the chicken house that i had built could not hold the number of chicken am planning to keep.that is to seperate layers from broilers and chicks.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Oct 15, 2013
Repayment status
On Time
Projected term
24 months
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