Samuel
Kiembeni, Kenya
100% repaid
Name
Samuel
Member since
March 2015
On-time repayments
212 installments • 58%
I am a last born in our family. Studied up to A level & did a course in business admin. in college. My first few days wasn't so rosy in terms of job seeking. Since I was in school, I longed to have my own business. My first working experience was to do a sales and marketing job which I managed to Save
and start my own business. My achievement is that I managed to have my own food store. What's good here is that I can be able to manage my time and resources for my success.
My business is a food store. I deal with selling of cereals. This items have a high demand because every person needs food to servive. My typical costs is kshs 15000 to 20000 ($ 147-191)a.month.with an average monthly income of 50000 ($ 477). I use the proceeds in Reinvestment in growing up the business, paying up school fees for my children and meeting other household demands like house rent and water bills.
After getting the loan, it is going to help me get a second hand motorbike that I will use to make deliveries of goods and services to my customers which will double up my returns. The second hand motorbike will cost about $368. It will ease my work since as at now I have to hire one when I want to make deliveries which brings down my returns. I am expecting my profit to increase by 37%.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$384.00
Date disbursed
Sep 30, 2016
Repayment status
On Time
Projected term
12 months
Other loans
Ask Samuel a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.