Upgrading my business to the next level

Eric

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Eric

Member since

November 2016

On-time repayments

82 installments  •  24%

About Me

i was born the late 90,s in a family of 4, i was the only boy child, i grew up being very humble and ambitious , i joined primary school and later high school, where i experienced alot of difficulties moment since my father left my mother before i joined the college, since i had no otherwise i had to start small business with what mymum saved for me when i was schooling. that when i meet a company looking for distributors of there products, i partnered with the company where i had to be buying and sell there product to nearby counties here in Kenya. where i live culture is very unique, where everybody is targeting farming but i desired business. i also make sure that my children will follow my steps and venture in business. i like having a free time for my family .

My Business

i buy and sell health supplement, the health supplements are in high demand since people changed there life style like city dwellers. i choose this kind of business since i like helping and giving back to the community, mostly i buys in containers where a container cost 1000ksh, i buys like 10 containers daily, the profits i makes i reinvest in the same product to boost by daily purchase, then the rest i pays my home bills.

Loan Proposal

i need to by more stock for my small business to increase the profit, i need to buy 10 containers of health supplement at a cost of 50 dollars, with these product i can generate 25dollars from all ten containers, i will also be able to reach more people since now i will be having enough stock to make the supply.

Feedback

1

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  • Helen Horseman    Jun 11, 2017

    Thank you for the repayment Eric. 100% on-time.
    Good luck with your business in the future.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$9.00

Date disbursed

Mar 25, 2017

Repayment status

On Time

Projected term

5 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

Lex Moen

Netherlands

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