Patrick
Nairobi, Kenya
100% repaid
Name
Patrick
Member since
May 2015
On-time repayments
128 installments • 56%
I was born and brought up in Lamu district in Kenya. Growing as a fourth born in a large family of 11 sibling was a great challenge to me because my poor family could not afford us a standard lifestyle. Despite being very bright in school my parents could not take me to high school just like the rest of my siblings. I was devoted so I repeated in class 8 for three years till my teachers joined hands to take me to a Alliance High school. After learning and completing my degree in the university of Nairobi I could not go back home due to the alshabaab terrorists activity in the area. I approached a hardware supplier with my laptop as my capital. He gave me some goods that I started my bussiness
I operate a small hardware store where I collect orders from small construction sites and small hardwares in the interior for very light hardware. These goods are normally imported by some people in the city. Building material and fitting are in high demand owing to the booming real estate business. I have been doing the supply for two years now but my major drawback being lack of sufficient capital. 80% of all net profits i plough them back to this bussiness as i use the20% on social needs. I would really want to bring aboard two of my elder brothers living in Lamu in their destitute plights but am pulled back by lack of operating capital. I have founded my business in an initiative to change lives for my customers and people back home. I love visiting orphanages and the poor during my free time.
I will buy two boxes of window fasteners at ksh. 2500 per box, that will total ksh.5000. The remaining ksh 1520 I will buy a box of oxford drawer locks. The other ksh 3000 will go for my zidisha registration fee. These goods will give me an average of ksh. 4500 in profit within a period of one month
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 1, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Ask Patrick a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.