Name
Ken
Member since
July 2015
On-time repayments
240 installments • 14%
Am a first born in a family of two, a holder of bachelor of commerce degree and a cashier at nakumatt. As such i have hired an employee on fulltime basis.
Growing up in a family where business was the main source of livelyhood nurtured me to a life of enterprenuership.
With my savings i was able to begin my bookshop business three years ago.
It has since recorded gradual growth.
My business deals in sale of books, stationery ,photocopying, printing and binding.
I ventured into this business due to high demand and lack of adequate businesses to meet this demand.
My typical costs include:
Rent-$75
Employee salary-$115.
Revenue-$371.
I usually re invest most of the profits into the business.
With this loan i will purchase:
new books worth $43.
Stationery $20
This will further boost my business profit by atleast 9%.
Moreover customers will now be able to find additional titles from my business.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Aug 7, 2015
Repayment status
On Time
Projected term
6 months
Other loans
Ask Ken a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.