Vavet Traders (selling home supplies)
Matthews
Kitale, Kenya
100% repaid
Entrepreneur
Name
Matthews
Member since
August 2016
On-time repayments
169 installments • 59%
About Me
I am male Kenyan citizen aged 49 years old and a father of 4 residing in Trans-nzoia county. I am businessman dealing with curtains and utensils and a teacher my profession.Currently I am Principal of a school.
My Business
I have a shop that deals with curtains and utensils and also A principal of a school.I do procure my goods that is curtain From Nairobi and design curtains for selling. The shop also sells utensils.I have three employees two are field officers and one works in the shop.
Loan Proposal
I procure materials from Nairobi for about Kshs 80,000,labour Ksh10,000 the Marketing and deliver to the identified customer Kshs 10,000.The materials include two rolls of curtains and shears,curtain tape,curtain rolls sewing thread 5 rolls.
I have 2 casual labourers that I will engage their skilled labour at Kshs 1,000 each for five days and lastly fueling the car and lunch and subsistence for the two labourers ,This will be during the fixing of the designed curtains.Usually the customers are approximately 50km from where I work from.So these is likely to take the remaining
10,000.The profit is usually 50%.After delivery I am likely to be paid KES 150,000 that will enable me pay the loan and buy more materials for the next job that will be avaible probably on monthly basis.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,007.00
Date disbursed
Sep 7, 2016
Repayment status
On Time
Projected term
27 months
Other loans
Lenders
United States
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