Loan to increase stock for my bookshop

Ken

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Ken

Member since

July 2015

On-time repayments

240 installments  •  14%

About Me

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

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.

Loan Proposal

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.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Aug 7, 2015

Repayment status

On Time

Projected term

6 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

E

Ericjospe

United States

mepster

San Francisco, Ca, United States

MW

Matt Willis

United States

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  • Ken    Mar 28, 2016

    things are not great at the moment,

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  • Ken    Jan 20, 2016

    will reschedule upwards once things pick up.

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  • Ken    Dec 29, 2015

    hallo lenders.... kindly allow me to resechule downwards for now....will up the installment once things show promise.

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  • Ken    Dec 11, 2015

    Thank you lenders for funding my loan, am really grateful.
    With this loan i will purchase:
    new books worth $200
    Stationery $49
    This will further boost my business profit by atleast 15%.
    Thank you once more and God bless you.

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  • Ken    Dec 5, 2015

    i am greatful to lenders for my previouse loan as it helped my profits increase by 6%.

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  • Ken    Sep 6, 2015

    hi lenders
    please allow me to resechedule am not doing very well at the moment.

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  • Ken    Aug 8, 2015

    dear lenders....am very greatful to each and everyone of you for funding my loan. i received the loan late yesterday.God bless you.

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