Loan for expanding my home-supplies business

Francis Barasa

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Francis Barasa

Location

Nairobi, Kenya

On-time repayments

210 weekly installments  •  76%

About Me

my name is Francis Barasa , I was born in Western part of Kenya a place called Bungoma. I schooled at Machwele primary school and went to Bukembe Friends secondary school , after that I joined Sang'alo institute of science and technology but I I did not complete my education due to lack of school fees.
I am married to my beloved wife and we are blessed with two kids.
I later decided to start a small business that would enable me to provide for my family and our younger brothers and sisters from both sides. my aunt supported me with 3000 kenyan shillings of which I began small grocery that have finally grown in to a retail shop for the last five years. I am a christian by religion and I teach my kids how to grow and walk in the fear of the lord.

My Business

i sell home supplies like branded food vegetables and other retail shop accessories that are useful to the people living in my area. I buy on whole sale and sell them at retailled price. the business is good for you have to walk a long distance for you to get a nother shop. I sell my goods at a cheaper price and tha't;s why i have more customers. to some poor people i give them on credits and they faith fully pay during the a greed time.
So if supported with a loan then my area will develop properly thanks even as you prepare to fund my loan

Loan Proposal

I have many customers that am not able to satisfy them. Therefore am looking forward to expand my business. I need the finance to add my inventory. This means that i have to add one employee to my staff. I hope you will support me. Thanks in advance

Feedback

2

None

None

  • guenter    Jan 26, 2019

    Francis payed back very well!

    Log in to reply • Share
  • Mary    Jan 25, 2019

    Hello Francis,
    thanks for repaying your previous loan. It was a pleasure supporting you again. Best wishes for continued success.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,497.68

Date disbursed

Feb 9, 2019

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: $67.33

Credit risk payment: $403.96

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JonB

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J

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D

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J

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Peter A

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GP

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CH

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Alisha Gallini

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San Francisco, United States

DO

Denis Ontiveros

Guildford, United Kingdom

B

Ben

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Eric Ayers

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Sulekha

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Jim

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KA

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CE

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C

chellepaningbatan

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B

Bram

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Nathan

Columbus, United States

R

Roman

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RS

Ralph Smyth

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S

Shayla

United States

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NB

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RD

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Noel Hamill

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S

Sam

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