Increase in stock orders needed
Victor
Barnabas,nakuru Town, Kenya
100% repaid
Entrepreneur
Name
Victor
Member since
March 2015
On-time repayments
239 installments • 22%
About Me
Hi! My name is Victor,I overcome hardships through proper planning,setting up achievable goals and sticking to a laid down execution techniques,I started my business after realization of a need in the society on communication, I am now building my brand around telecommunication industry,I come from a land full of cereal production, including maize,beans and many others,I love swimming and traveling across the country for both business and visiting friends and family.
My Business
I supply phone accessories including, phone sim cards,phone chargers,holsters,Screen protectors,phone cases,flip cases and wallets.these goods are in high demand and they change with time because new devices are being invented and developed regularly.
I use my profits to do re investments,business expansion and introduction of new range of products on the market.
The typical costs involve distribution costs,parcel sending and delivery costs,typical costs amount to $250, and revenue amounts to $700
The business accessories are sold to consumers through established retailers located across different market centers
Loan Proposal
The funds will be used to increase orders on phone accessories,including chargers,batteries and smartphone screen protectors.
This will in turn improve on income generation because more stock will be available for sale,increased stock will also call for extra people to be employed to execute the distribution job.
Profits are expected to improve by around 5% and since compounding of profits every month is expected,at least 30% increase in monthly profits is expected after six months.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Mar 13, 2015
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Hong Kong
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