To buy a popcorn machine to make & sell popcorn

Hellen Mwangi

Mariakani, Kenya

67% repaid

Entrepreneur

Name

Hellen Mwangi

Member since

June 2014

On-time repayments

262 installments  •  50%

About Me

I live in Mariakani in Mombasa county,i started my business of selling mattress in 2003 after my mother gave me the capital to start the business.My business is located in Mariakani. Am a single mother of a son.After six months of starting the business i bought a refrigerator which i use it to sale refreshments to schools and community gatherings. I love my business because it provides us with our daily needs. My hobbies are watching movies and taking my son to the beach.I will be grateful if i succeed to get a loan because i will be able to buy more stocks and expand my business and probably go back to school to get my Degree.

My Business

I sale mattress and and refreshments,i sale high quality mattress and affordable refreshments. I get orders for mattress in boarding schools and refreshments during communities events. I offer friendly services,i accept installment payments and free home deliveries of mattresses this puts me above my competitors.I earn $120 per month,i pay my monthly rent,transport,stock and am able to save little.I believe my business is profitable because since i started i have been steady with my income and i will keep you informed of my progress.

Loan Proposal

The first loan i received really helped me to improve my business,this is my second loan application. I really need this loan to buy a Popcorn machine which is $105,i will use the machine to make popcorn and sale to my customers. I believe the machine will help me to increase my sales. Popcorn are a favorite snack for both kids and adults and i believe the machine will boost my business alot in terms of great sales thus growing my business.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.98

Date disbursed

Sep 10, 2014

Repayment status

Late

Projected term

59 months

Cost to entrepreneur

Lender interest: $99.98 at 5.04% annual rate over 59 months = $24.81

Service fee: $24.62

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