West link electrical & hardware
Vitalis
Maili Kumi,nakuru, Kenya
100% repaid
Entrepreneur
Name
Vitalis
Member since
August 2015
On-time repayments
16 installments • 63%
About Me
My name is Vitalis Kiplagat from nakuru county. I was born in Kabarnet,Baringo County.I am the Second born in my family of Three Brothers and one sister, i went to Kipkaech primary school for my primary education, I latter Joined Kituro High School and Later Kenya Methodist University.I started Being sales executive on commission basis at Nakuru Town,I started saving each and coin i received from my then employer,While on my daily duties one day i was told by certain Headteacher that they require urgently Electrical material worth KES.5,000, I came to town with the list of materials to be supplied,approached an Electrical shop owner in town to give me the supplies and keep my phone in exchange until i payback,Lucky enough i was given supplies worth Kes.2,130 later i took to school and given Kes.5,000 from that time i realised Electrical material fetches 100% profit and started,Though without shop.
My Business
I deal with Electrical and Hardware materials,Following current rate in real estate these materials moves faster,Also these goods fetches 70-100% profit,where 30% goes to transport and 20% goes to government Tax and 2% staff,Meaning Profit after Tax will be roughly above 20%,I use 50% of the profit for investment and 50% in school fees,Daily family needs
Loan Proposal
From the above request and Having a Local Purchase Order in Hand of Kes. 15,625 or 152 Dollars, I will Buy Electrical items Worth Kes. 8,137 or 79Dollars and supply to a Local school in 2days time from Disbursement date, Payment are Made by the school on delivery. Meaning my profits will range from80-90% of what i will supply. Meaning by Settling the Zidisha full amount i will have pocket same amount as profits.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$75.00
Date disbursed
Nov 3, 2015
Repayment status
On Time
Projected term
5 weeks
Other loans
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United States
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