To purchase dozen of cups and plates

Rodgers

Bungoma, Kenya

1% repaid

Entrepreneur

Name

Rodgers

Member since

October 2017

On-time repayments

23 installments  •  78%

About Me

Was born in Western Province of Kenya in a Sirisia Village on 15th October, 1995.
I started my primary education at age 6 years in 2001 a school known as Malakisi Muslim Primary School. I sat for my Kenya Certificate of Primary Education in 2009.
In the year 2010, I joined Tamulega Secondary School and sat for my Kenya Certificate of Secondary Education in 2013.
Later in 2014 to date, I joined African Institute of Research And Development Studies to take a Business management course.

My Business

I started my business in September 2016. The main product I sell is Shoes for both men and women and house hold utensils in Bungoma town. I chose this kind of business because it requires little capital to start and the demand of those products is high.
I manage to make sales of KSH 3,000 ($30) per day. The revenue I earn is KSH 800 ($8) per day.
I use the profit I earn to meet my life expenses such as paying rent, purchase food stuff and clothes.
I also manage to save KSH. 200 for my college school fees

Loan Proposal

I will use the money to purchase dozens of cups and plates for my business.
A dozen of Cups costs KES 600 ($6) and a dozen of plates costs KES 600 ($6)
I will buy 2 dozens of Cups at KES 1,200 ($12) and 2 dozens of plates at KES 1,200 ($12)
This will each dozen will give me KES 1,200 thus from two dozen of Cups and two dozens of plates I will make KES 2,400.
This money will help me to pay my house rent and buy food staff.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$27.00

Date disbursed

May 27, 2018

Repayment status

Late

Projected term

5 weeks

Lenders

John Minges

United States

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