To buy more chairs and tables
Paul Kamau
Utawala,embakasi Division, Nairobi, Kenya
100% repaid
Entrepreneur
Name
Paul Kamau
Member since
May 2013
On-time repayments
203 installments • 75%
About Me
My names is Paul Kamau Mbugua and I was born in the year 1972 in kiambu district and brought up in a christian family. I am married with three children, One of the children has finish his o level exam and is waiting to join the university/ collage when I get enough funds to send him back to school, the rest of my children are in primary school. I work very had to make sure they get good education and life. I have worked in many field to help achieve my family needs,I finished my O level in the year 1994 after that I was employed in a Bakery as a baker of bread for about five year before moving to another bakery as a sales executive. I was the employed as pharmaceutical dispenser in a international company called Norbrok Kenya Limited.
My Business
After working for Norbrok Kenya Limited for about four years, I decided to start my own business of selling meat in Kawangware Stallite in Dogoreti Nairobi before moving to Utawala for the same business of selling meat. The business of selling meat is more profitable in Utawala as must Kenya must eat meat at list once a day and this makes me make a good profit every day,In day a sell about 100kg of meat making a gross profit of Kenya shillings Ksh5,000 per day that is Ksh 150000 per month and after paying a for my monthly expenses the rest I use to pay for my children school gross profit.The main challenge for this job is lack of cooling system to preserve meat which is very perishable and lack of enough capital to purchase high quality meat which sells faster.
Loan Proposal
I will buy chairs and tables for my butchery because customers request for a seating place or waiting when they place their orders. By doing so I will increase my daily sales hence be able to employ more employees and I not have any difficulty in paying back my lenders.
Feedback
Positive
8
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,116.02
Date disbursed
Jun 20, 2019
Repayment status
On Time
Projected term
4 months
Cost to entrepreneur
Service fee: $43.32
Credit risk payment:
$173.30
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Yojun Kaneko Jun 3, 2019
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