Working capital

Collins

Nairobi, Kenya

Expired

$0 to go

100% funded of $5 goal

0

days left

Entrepreneur

Name

Collins

Member since

December 2018

On-time repayments

6 installments  •  67%

About Me

My name is Collins Oduor.I grew up as an orphan having lost my father who was the breadwinner at a tender age.I managed to perform well and through the goodwill of the community I got a schorlaship which funded my high school education.Am currently pursuing economics at University of Nairobi and hopes to change my narrative upon completion

My Business

While in the University I came to learn about bitcoins.I became passionate about it and when I got my student loan I decided to invest half of it in bitcoins and the rest used to pay school fees.I invested 112 usd to buy bitcoins from some of my friends who were already doing Bitcoin mining.I registered an account at localbitcoin.com,which is the world's largest platform for trading in bitcoins.I have managed through God's favour to set a nice trade profile with a volume of 10-20 bitcoins over the last eight months.This translates to approximately over
38400 usd turnover over the last eight months(1 bitcoins is equivalent to 3840 usd ).I get between 5-10 percent of the sales volume as net profit.You can check my profile through this link:https://localbitcoins.com/?ch=rroc
Am looking forward to good funding that will enable me exchange atleast 1 Bitcoin in 1 week

Projected income
With 1 bitcoins=3840 I will make between 5% to 10% ie atleast 192 usd per week.
Am currently able to make approximately 80 usd per week in net profit.May God bless all my potential lenders with solid health

Loan Proposal

I will buy more bitcoins.I buy bitcoins in fractions and sell to other small scale vendors or individuals at a margin

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Amount requested

$5.00

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  • Collins    Jan 24, 2019

    Thank you my lenders.Promise never to disappoint you.My last loan went along way and contributed to my working capital for bitcoin purchase

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  • Collins    Jan 11, 2019

    Hi dear lenders,thank you for your generosity and having faith in me and my business.I used my last lone to top up my capital as a Bitcoin vendor.Definetely I get profit every time I trade so the $ 4 I got went along way in contributing to my business.I am progressing well courtesy of good people like you.Currently my turnover is around $ 3800 per month and I hope I will get a better credit limit in the future subject to your recommendation.Thanks and may God bless you with sound health so that you live to make great impact in other people's lives

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