Loan to increase stock in my shop

Engalis

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Engalis

Member since

August 2015

On-time repayments

186 installments  •  10%

About Me

Am a firstborn in a family of four, a part time student at university of nairobi and a budding entreprenuer.
I hail from a humble background and this has always inspired me to work hard inorder to have a brighter future.
Growing up in a humble background meant that life was really difficult at times but God has always been merciful.
My hobbies include watching movies, documentaries and listening to good music.

My Business

My business entails sell of home supplies and also phone accessories.
I decided to venture into this type of business due to demand for such goods.
My typicall costs include:
Rent-$80
County licence-$30
Water and electricity-$40
While my revenue usually averages $360.
I usually use the profits to fund my education and the remaining is ploughed back into the business.

Loan Proposal

With this loan i shall purchase:
Rice $25
Flour $10
phone housings $10
Chargers-$10

This will increase the stock volume of the business

In addittion this will boost my business profits by atleast 5%

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Aug 31, 2015

Repayment status

On Time

Projected term

17 months

Other loans

Lenders

PG

Paul Graham

United States

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  • andyfletcher    Mar 10, 2016

    Hello Engalis,
    How is the business? Have things improved?

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  • Engalis    Feb 17, 2016

    struggling a bit

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  • Engalis    Jan 14, 2016

    Thank you lenders for funding my loan....
    With this loan i shall purchase:
    Sugar $100
    Flour $90
    phone housings $50
    Chargers-$50
    soap-$28
    This will increase the stock volume of the business. In addition this will boost my business profits by at least 15%

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  • Engalis    Jan 4, 2016

    With this loan i purchased:
    Rice $25
    Flour $10
    phone housings $10
    Chargers-$10
    This increased the stock volume of the business In addition it boost my business profits by at least 5%

    Log in to reply • Share
  • Engalis    Sep 22, 2015

    dear lenders....
    am struggling a little bit, please let me re adjustment my installment downwards

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  • Emmanuel    Aug 25, 2015

    hello my friend i want to ask that to look a photo so that the lenders know you and what you will purchase in your loan

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