Name
Charles
Member since
March 2016
On-time repayments
155 installments • 25%
I Charles NJUGUNA mugoiri aged 31 years i was born in thika district kamwangi division mang'u location karuri sublocation in a family of seven three males and four females being a third born, I went to igikiro primary school in 1991 where I learnt up to class eight and then went to mang'u high School in 1999 thereafter I got employed with a small company which was processing milk, there is where I manage to get capital to start my own business of selling second hand clothes the business grown up to now where i have large quantity of stock. My two children work hard in school willing to be businessmen. I am willing to be buying goods in large quantity than i am now.
i am selling secondhand clothes which i buy into pieces. These goods are in demand because most of the people prefer to wear secondhand clothes than new ones because they are cheaper and affordable compared with newones. I choose these business because most of the people of where I locate my business earn less money. The stock is getting up because by now i have a stock of thirty three thousand. I have managed to use some of my profits to pay school fees of my small brother and sister and to feed my family, I also use the rest of my profit to add stock.
I will use my loan to buy secondhand shirts which will cost hundred dollars each and for the loan i will manange to buy twelve pieces. I will be benefited to enlarge my stock and to get much profit which will help to pay on time school fees for my sister. Also it will be benefit to my customers to get what they need on time and affordable price because they will not pay for transport to go and find the products. according to growth of business am expecting to get five percent more than what I get last time.
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$13.00
Date disbursed
Apr 20, 2017
Repayment status
On Time
Projected term
4 weeks
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BernadetteV Jul 2, 2017
Ahadi Apr 25, 2017
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