Expansion strategy phase 2

Michael

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Michael

Member since

August 2017

On-time repayments

70 installments  •  70%

About Me

I am young entrepreneur building an online bargain retail business. This started as a way to make ends meet in university but has growth to become a source of income beyond school.

My Business

The business is called Below 1000 as it sells items below ksh 1000. This is an attainable price for the majority of the population despite low incomes. I source quality affordable items and sell them.

Loan Proposal

With success in growing my sales to another town other than my main one, I would like to grow the leads I gained and also to increase the sales to these regions. I would like to buy more inventories, especially accessories, that are in more demand in these areas as compared to the handbags I sell. It is an opportunity to diversify the concentration risk I experience from only selling in one geographic location which is prone to being affected by many factors. I therefore would like your help to do this. The capital you provide would be adequate working capital for the month and would pay back thereafter. I look forward to working with you.

Regards,
Maina Murage

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$151.00

Date disbursed

Mar 25, 2018

Repayment status

On Time

Projected term

2 months

Lenders

C

chrisherron

Chicago, United States

JonB

London, United Kingdom

Jamal Hamou

Cascadia, Canada

W

Wade

United States

A

Andrei

United States

Thomas

Sweden, Sweden

RC

Rudi Chen

United States

JA

Jan Andresen

Hamburg, Germany

LZ

Li Zhang

United Kingdom

Sinan Taifour

Munich, Germany, Germany

SA

Shar Alamdari

Los Angeles, United States

WS

Warren Shen

United States

MF

Mike Frawley

United States

JA

Joshua Axtell

United States

Paul Buchheit

Mountain View, United States

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