New cart for my water business
Allan
Nairobi, Kenya
$0 to go
100% funded of $45 goal
0
days left
Entrepreneur
Name
Allan
Member since
June 2017
On-time repayments
6 installments • 0%
About Me
My name Allan ,born and rised in Nairobi. Leaving in slums of kawangware, education became a nightmire to me ,but at least I was able to go for lower classes before live became more turf.Growing in the slums ,I hustled until when I started water business with the little I had saved.Our culture in the slums in that life is our own .My first born wants to be a lecturers . I love mentoring especially the youths from slums
My Business
I sell water in jerry cans using a cart to households.water is in demand because it life,every single person must use ,whether for drinking, washing, etc and in Nairobi its a scarce resource. I choose water business because its profitable and of high opportunity especially here in Nairobi. My typical cost is 200$ and earn about 15$ daily. I use my revenue in providing for my family and also reinvesting
Loan Proposal
I will use the loan in purchasing a new cart @150$, it will help me distribute more water and also create employment to others.my profit will increase by 70%
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Loan Info
Project Type
Classic Loan
Disbursed amount
$45.00
Date disbursed
Jul 2, 2017
Repayment status
Late
Projected term
6 weeks
Lenders
Summary
Amount repaid
$0.00
Amount remaining
$45.32
Expected completion
Aug 18, 2017
Status
Repaying late
Installment amount
$8.89
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 14, 2017 | $8.89 | ||
| Jul 21, 2017 | $8.89 | ||
| Jul 28, 2017 | $8.89 | ||
| Aug 4, 2017 | $8.89 | ||
| Aug 11, 2017 | $8.89 | ||
| Aug 18, 2017 | $0.87 | ||
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