Bicycle to help in supplying my goods

Geoffrey

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Geoffrey

Member since

November 2017

On-time repayments

69 installments  •  62%

About Me

I am a young energetic girl who grew up in a poverty stricken family. My family comprises of six brothers and two sisters. My parents died in a road accident when we were still very young. Being the first born I had to take the role of my parents to cater for my siblings. I had to work in sugarcane plantations to make ends meet. I didn't complete my secondary school education but I vowed to make sure that my siblings had to go through school at least to help in our community.

My Business

I run a Wines and Spirits depot in our market place. I have two assistants who help me in supplying of my goods. I sell both wholesale and retail. I normally save at least a hundred US dollars a month after clearing my bills and paying my rent. I plan to expand my business to other towns due to public demand to cater for their needs. I started my business after saving whatever remained after catering for my family.

Loan Proposal

I will add the loan to be availed to my savings so that I can buy my own bicycle. The bicycle will help me supply the wine and spirits to my customers.
That will also increase my profits because I will be saving from transportation costs. I will also reinvest in my business and sooner or later higher a staff to help me in my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$16.00

Date disbursed

Dec 13, 2017

Repayment status

On Time

Projected term

1 week

Lenders

Ronald

Dättwil, Switzerland

Joshi

United States

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