Loan to travel to buy more stock for my mobile-money business
Richard
Thika, Kenya
100% repaid
Entrepreneur
Name
Richard
Member since
March 2017
On-time repayments
16 installments • 81%
About Me
I am a small business person running a mobile phones and accessories shop in my town. I obtain my merchandise from large scale wholesellers and sell it at a profit in my town. I have recently expanded my shop to include other electronics such used laptop computers and computer accessories as well
My Business
Currently Iam running a mobile phones and accessories shop in my small town 100miles from the capital. I obtain this stock from wholesale distributors who are mainly in the capital city-Nairobi. I do this at least 3 times a month or depending upon how fast the products go. I sell cheap and affordable handsets and related accessories, as well as high end ones.
Loan Proposal
The amount will be enough for travel expenses to buy more stock in the capital. It costs 200 shillings to and from the capital from where my business is located. 150 shillings will carter for the carriage charges via piblic transport for the stock that i will buy. Part of it will also be used to pay my electricity bill for my shop.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$8.00
Date disbursed
May 31, 2017
Repayment status
On Time
Projected term
8 weeks
Other loans
Lenders
United States
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