Transportation of my inventory

Edgar Towers

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Edgar Towers

Member since

January 2015

On-time repayments

36 installments  •  61%

About Me

My names are Edgar Towers, and am the 4th in a family of five and i was raised by both my parents and we grew up with our siblings together. I lost one of my brother in the year 1996 but the rest of my siblings are ok and healthy. I had to strive hard to reach where i am right now cause finishing school and having to survive in the city of Nairobi was quite a challenge. I raised my first capital through borrowing from friends and i had to partner up with my former classmate from high school. Am still single but am already engaged so i am looking forward to wed the love of my life late this year. My favorite hobbies are reading novels, traveling, hiking, camping, watching soccer (am a Chelsea fan) and swimming.

My Business

My business is registered under the name Android Stores Limited and is located in Nakuru. I mainly deal with purchasing and supplies, distribution and service outsourcing. My main source of income is from my supplies and service business. I mainly deal with stationary and software installation. Stationary has turned out to be one of the basic necessity since there is increase in population and in the number of students enrolling to acquire education. My main costs are purchases and my source of revenue is sales in form of profit, which use it on trying to grow the business and as well cater for my day to day need.

Loan Proposal

I would like to use the loan for transportation of my inventory from my point of dispatch to my shop as well as to my clientele. The inventory to be collected are printing papers and toners from Nairobi to Nakuru. The printing papers retail for about Ksh. 1,400 and the toners vary from Ksh. 1,700 to Ksh. 2,500.
The benefit i will gain is effective and timely release for my inventory from my supplier to my clientele as well. This will reduce the delay in process of delivery for items purchased as well for items required for delivery.
I expect to increase my business margin profit by approximately Ksh.150 per item sold for the papers and Ksh.250 per item sold for the toners.
Your kind consideration and assistance will be highly appreciated, looking forward for your endured cooperation.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.12

Date disbursed

Apr 13, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $3.70

Lenders

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JayJay

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B

Becks

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Moyeji

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Susansfund

Colorado Springs, United States

T

tomdeneire

Eke, Belgium

S

Serge

Bascharage, Luxembourg

A

AustA

Sydney, Australia

B

bgj21

Cambridge, United Kingdom

G

glomardor

Leonardtown, United States

J

juliewilson1971

Dhahran, Saudi Arabia

GigiNW

Vancouver, United States

C

CarrotTop

Bangor, United States

A

aiban

Austin, United States

J

JG2012

Brooklyn, United States

J

JoJoHouse

New Castle, United States

B

boourns

Newmarket, United Kingdom

DukusP

Glendale, United States

clemenchiang

Singapore, Singapore

D

doinggood

Missoula, United States

A

Austrian

Graz, Austria

ShelbyDove

Los Angeles, United States

P

PhilACK

Brampton, Canada

E

elhanan

Columbus, United States

W

wogman

Evanston, United States

S

samuk

Nottingham, United Kingdom

S

samiT

Brussels, Belgium

I

Ilona

St Catharines, Canada

J

JKain317

West Seneca, United States

Jouni

Finland

C

cczapp

Hilliard, United States

L

lender

Dubuque, United States

Jalene

Redmond, Oregon, United States

W

Woodyrocks

London, United Kingdom

V

Va_Ce_Jo

Egham, United Kingdom

southcentral

Zürich, Switzerland

D

Dreamworks

Washington, United States

peanut

Halifax, Canada

danielytao

Boston, United States

A

Adembel888

Sydney, Australia

RoryWitt

San Diego, United States

Stamfordsusan

Stamford, CT, United States

JennyinParis

Paris, France

N

NoelC

Chelmsford, United Kingdom

K

katykoo

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D

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J

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Cupertino, United States

T

ThomasGermany

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O

Oktober

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Echo

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V

vshafor

Carlsbad, United States

Vla911

Milan, Italy

A

amish

San Francisco, United States

O

Odysseus

Auckland, New Zealand

B

bagheera

Vienna, Austria

Hedwich

Gorssel, Netherlands

A

anonalender

Hampshire, United Kingdom

G

gradient

KFAR SABA, Israel

I

idakaren

bonlez, Belgium

D

Draka

South park, United States

ibc123

Seattle, United States

E

elkocsis

Kirkland, United States

C

CRR7x

United States

Paul Buchheit

Mountain View, United States

N

nathaliekar

United States

mepster

San Francisco, Ca, United States

B

blambert

United States

belvi

Hoogeveen, Netherlands

T

tehmle

United States

Grant Xavier Storer

Seattle, Wa, United States

L

Leong

Singapore

S

Sebastian

Dortmund, Germany

Max Lettenberger

Madison, WI, United States

Crystal

Ohio, United States

M

Maggie

Australia

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