Entrepreneur
Name
Edward
Member since
July 2016
On-time repayments
152 installments • 9%
About Me
I am the tenth child in a family size of thirteen. My father retired when i was eight years. My mother was also a poor trader but due to old age, she could not farm when I was at the age of eleven. Since then I have funded for myself up till now. Where I lived was a farming community. So I overcame all these hardship by working for my neighbors in return for food or sometimes for money to help me pay for my fees. After my secondary education, I worked with a friend at a small inventory shop in our community. I used the little money I had from working in the shop, to come up with my small provision store for a year now. In my community we work hand to hand to support young people who are in need to come up in life. I want my kids to be happy in life and not to suffer the way I did, so am making a way for my family and I want my kids to become teachers , doctors and nurses to help the community where we live. At my leisure time I read books and also play football.
My Business
i have a small provision store and i sell goods like milo, milk, soap and many more. since i live in small community, i help the prople around to acquire these commodities in smaller quantities because they can not buy in bulk. i also give some uncredit basis because they have little income. i chose this business because it has help my community to minimize poverty and i have been able to cater for my family as well as the needy ones. i ave spent almost 700$ to established this business and i have being receivig about about 50% now. i will use the profits to expand the business and also cater for my family as well as the needy.
Loan Proposal
i will buy extra items like boxes of sugar, Milo milk biscuits, soaps and many more ,which will all amount to 700$ . it will help me to cater for my self, family and the poor ones . i expect my profit to increase to 75% but will further increase with time.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$195.00
Date disbursed
Oct 31, 2016
Repayment status
Late
Projected term
32 months
Other loans
Lenders
Netherlands
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