Name
Paul
Member since
February 2012
On-time repayments
20 installments • 20%
I am married with two children. one of them is schooling. I live in kiptangwanyi shopping centre plot number 2. I have a soda depot at the centre. the products that I sell have a very high demand since this area is hot and I am the only person who sell this product in wholesale to Kiptangwanyi center and other neighbouring centres
I have a soda depot at Kiptangwanyi shopping center. I sell soda in wholesale to other retailers within the shopping centre as well as others who are from neighbouring shopping centres. I also distribute mineral water to them. The business is profitable since I am the only one with a depot here. The main challenges that the business are poor means of transport and insufficient capital to expand the business.
I would like to use my loan to expand my business, i.e to increase stock. I would also like to buy a deep freezer. This will be very useful in preserving the soft drinks and also to keep the cold as this area is very hot and thus cold drinks have a very high demand.
Positive
3
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$993.00
Date disbursed
Mar 9, 2012
Repayment status
On Time
Projected term
18 months
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