Purchase of inventory materials

John

Kikuyu, Kenya

100% repaid

Entrepreneur

Name

John

Member since

January 2014

On-time repayments

20 installments  •  20%

About Me

Am self employed seeking for funds to improve our business. We deal in export of fishing related items and we are seeking to get a loan to boost our fishing flies supply. We shall ensure we pay on time all our loan.

My Business

My Fly Business is my source of income and its where the proceeds towards loan repayment will be derived. I have an approximate turn out of around 75K per Month ( Around 900USD in months where the business is good.The business operates throught the year therefore the flow of income is continuous. Clients prefer the products from us because they are of best quality and better priced. The only challenges we face is a little competition from other suppliers. With this loan, it will help boost our production capacity.

Loan Proposal

I need this loan to help me put more inventory in my business and maximize profits. More materials are needed for my fly tying business and lending me this amount will go a long way in expanding my business scope of operation.

Feedback

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None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$32.00

Date disbursed

Sep 17, 2018

Repayment status

On Time

Projected term

1 week

Lenders

Seppo Ruohonen

Vantaa, Finland

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Summary

Amount repaid

$32.36

Amount remaining

$0.00

Date repaid

Oct 2, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Sep 24, 2018 $32.36 Oct 2, 2018 $32.36

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