These loan will be used mainly to increase the cooperative bank float,mesa float and general shop goods as apportioned h...

Doreen Nyaboke

Mathare-nairobi, Kenya

1% repaid

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How it Works

Entrepreneur

Name

Doreen Nyaboke

Member since

September 2013

On-time repayments

177 installments • 3%

About Me

I finished my o levels in the year 2011 last year. I managed to join the university pursuing degree in Business management. During daytime I operate my business and I attend part time classes in the evening after my sister arrives from work so that she can operate till 9pm.
Currently I operate a kiosk whereby I sell brand household goods, M-pesa and co-operative agent.
I actually pray that my loan if approved I will manage to expand my business, increase stock as well as increase my monthly income.
Thanks in advance.

My Business

About business income
In my business I do sell household goods like bread, milk, wheat four etc and I operate M-pesa as well as agent of co-operative bank. My monthly sales goes to Ksh.60000 and these mostly depends on the amount of capital invested on. I normally ensure costs of up to 20,000 inclusive of monthly purchases (stocks) since am the manager of my own shop. I ensure that I reduce cost as much as I can.
Daily I make over Ksh. 4000 sales and on weekends it can go up to Kshs. 6000 and over the. I would like to purchase and increase more stock as I opt to expand my business.

Loan Proposal

50% will be used mainly for cooperative bank as deposits for customers are many due to them depositing to pay there rents, send to deposits to there accounts will also use 30% to increase float to the mpesa an later which will increase the commission as the higher the operating cash the higher the commissions and the rest 20% will be apportioned to buy general faster moving shop goods.
Lastly but not the least, I appreciate your continued support to my business.
God bless you so much!