Entrepreneur
Name
Patrick
Member since
February 2013
On-time repayments
34 installments • 79%
About Me
My name is patrickmuendo,ammarriedwith three children .ilive in dandora phase 2,my ducation back ground,am o-lovel and ihave all trained in driving school.started working asa conductor forfouryears ,then was hired as a driver.up to now.Then started selling of groceries.theloan that i i took cosolidated with my savings and started the business.we decide to venture to business ,because my salary was not enough to pay all our house bills.my wife run the business while am way attending to my normal duties as a driver.
My Business
Our business is selling of groceries liketo matoes,kales,cabbages and e.t.c. westarted the businesswith 50,000 shillings.customerprefer oue products bacause they are fresh,clean and our prices are lowercomparingto our competitors.thechallege thebusiness faces is that we dont have enoughf inances to increaseourstocks inexapanding,too we are not able other loubers who can assist indoing the munual work.oru monthly incomeis12000 amonth whileourprofitnis 4000.
g iventheloan i will exapand ourbusinessandtoopen other outlets nearertoour estate.
Loan Proposal
The loan will be used to expand my business also the profit will be paying the employee who will take care of my business also the profit will help me to pay the school fees of girl who is in form three others to sustain me and to pay rent to more stock in my business and other profit to pay my loan Thank you am looking forward to reach my goal
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$290.00
Date disbursed
Jan 18, 2014
Repayment status
On Time
Projected term
6 months
Other loans
Lenders
Chicago, United States
Ask Patrick a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...