Name
Ian
Member since
January 2015
On-time repayments
224 installments • 75%
My name is Ian Ndirangu, born in 1994 to a single mother. i still consider myself as a budding businessman but I hope to start competing with big boys in business very soon.
I have been attending business management courses where I have learned vital lessons about managing cash flow and keeping records. With your continued support, I hope to keep excelling in the field of business.
My business entails buying and selling small items like handkerchiefs and trinkets. I do this as a part-time business since I am still in college pursuing my an ICT course. I have been in this business for some time now and I have a good number of loyal clients who are my main source of business. Due to the limited time I have for the business, I do it from door to door and I also go to sell in areas where people gather in large numbers like restaurants (if the management is kind enough to allow it) and bus stations.
It is a tough business but I am glad that it brings food on the table, pays for education and even supports my family (my mother and sister ) in a small way. I make an average net profit of about $180 per month since I have few overheads,
With credit support, I know this amount can rise to a higher figure.
If given this loan, I will use the money to boost my inventory by increasing the variety of my sale items. The items I have in mind are sunglasses where I intend to buy about 20 different types at a cost of $35. I will also spend $60 to buy 5 watches which are very popular with the youths.
With this addition to my inventory, I am sure my business will be more profitable and impact positively on my life and that of my family. Kindly make your contributions.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 28, 2015
Repayment status
On Time
Projected term
2 months
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