Buy a bicycle and an inventory of hawking items
Ian
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Ian
Member since
January 2015
On-time repayments
224 installments • 75%
About Me
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
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.
Loan Proposal
My business entails selling items like handkerchiefs, torches, toys etc where I take these items to the people instead of them coming to me. I have done this for quite some time and I can say with confidence that the future looks bright. I am now well know within the area where I operate and my clients even place orders for different items.
I would now like to expand my territory by buying a bicycle that will increase my mobility hence help me to cover more area. I would like to visit as many social gathering as possible and this I can easily do with a bicycle. This will cost me $150 and I will spend the balance to boost my inventory due to the anticipated business growth.
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$198.00
Date disbursed
Apr 28, 2015
Repayment status
On Time
Projected term
4 months
Lenders
Belgrade, Maine, Usa, United States
port hope, Canada
Odense, Denmark
Stockholm, Sweden
SOUTHBANK, Australia
Beach City, United States
United States
United States
Hong Kong
United States
United Kingdom
United States
Switzerland
United States
Australia
Germany
Australia
Austria
Australia
Germany
United States
Ask Ian a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...