Entrepreneur
Name
Stephen
Member since
February 2019
On-time repayments
37 installments • 14%
About Me
I am Stephen Oduor, firstborn in a family of four,I have gone through primary,secondary and now I am pursuing bachelor in Quantity Surveying in University of Nairobi as a second year student.I was raised up in a financially poor background and having lost my father,I was sponsored in secondary level.After graduating from secondary, there was need for more money to raise school fees and pay for my accommodation and food without depending on my parent who had no job.I took a loan of $400 and opened a stall for selling electronics in Nairobi, the profits I use for my accommodation and paying school fees and even send home whenever my siblings need help.The business is doing good and I need a total of approximately $350 to move from a stall to a room and buy more electronics since I have made many customers and the businesses is expanding rapidly.So am requesting for your hand in lending to help me expand the business and complete my education. Thank you in advance
My Business
Per week I do receive approximately $180 and I use $100 for reinvestment,often the profit goes higher to even 130$ after reinvestment but $80 is the minimum but am looking forward to receive higher amounts.
Loan Proposal
I am going to buy more radios,TVs, extensions, bulbs and switches to sell to my customers to fetch more profits since the demand of those electronics are on high demand and I need more money to invest.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$606.00
Date disbursed
Mar 26, 2019
Repayment status
Late
Projected term
7 months
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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