Entrepreneur
Name
Peter
Member since
February 2015
On-time repayments
145 installments • 32%
About Me
I was born in the Rift Valley region of Kenya. This region is famous for producing over 90% of Kenyan long distance runners who have gone on to conquer the world. Naturally, as I grew up, my dream (as well as that of almost every other young child there) was to become a track athlete. I was never successful to this end, partly because of the intense competition and the injuries that halted my development, but I maintained a healthy and fit lifestyle. Unfortunately, I did not continue my education past O levels and so did not get the opportunity to land a good formal job. I decided to venture in business and naturally, I settled on selling second hand as well as brand new sport shoes because of my love for 'the track'.
My Business
I sell new and used sport shoes. Due the increased appetite for leading a healthy lifestyle, there has been increased demand for sportswear. A key and vital component of a sporty wear is shoes. My clients are mostly people who require shoes for exercising but there are others who just love sport shoes for their trendy look.
My typical monthly costs usually include $60 for rental space, $30 for trading licenses and miscellaneous expenses of about $30. I get revenues of about $450 a month with profits averaging $200. I use the profits for my family expenses, paying fees and growing the business. As explained above, i use a rental space to do my business and its just a temporary structure so i humbly request for a loan to built a semi permanent structure so as to improve my business environment thus improving it.
Loan Proposal
This loan will help me improve my business by,renovating my premises in order to maximize the profits, to improve my stock, to promote the business through advertisement and also for customer satisfaction through entertainment. Thank yoy.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$10.00
Date disbursed
Mar 8, 2018
Repayment status
Late
Projected term
2 months
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