To add stock to my shop

Bonface

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Bonface

Member since

May 2016

On-time repayments

55 installments  •  55%

About Me

I was born in makueni county in the eastern province of Kenya. Born 3rd of 6 children. I went to mukamene primary school which is about 10 km away. I completed my primary education and passed my exams and I joined the nearby secondary school mukamene. Unfortunately I didn't finished my high school due to lack of school fees. I moved to Nairobi for employment and I worked as a helper in a Epz factory which produces clothes for export. I worked for 3 years saving atleast 60% of my income. I started a small business of selling furniture material like velvet, cushions and sponges to the carpenters. I got good people who promoted my investment products that enabled it to grow. They are social, motivating and encouraging. I like there contributions to my business. I would like to see my children be God fearing, concentrate in there education to become useful people to the society. I like swimming, reading and meeting new people with new ideas.

My Business

I sell furniture goods like cushions, sponges, velvet, nails and threads to carpenters and esteemed customers my business is located in a strategic place where many carpenters are situated. I chose the business because of it's demands with its good return. I spent $150 in a week balancing my business of which profits are encouraging that has enabled me to survive. I use my profit in growing my business, paying my daily expenses, and helping my parents to pay school fees to my younger brothers and sisters.

Loan Proposal

I will buy sponges at $40,velvet at $30,cushions at $30 and carpets at $18. This will increase supply stock in my shop thus enable availability of goods to my customers for the efficiency of their work. The surplus goods will increase my profit at over 30%which will enable me to manage my business well and even be able to employ more workers for effective operations I believe this will change my life and that of my employees.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

May 17, 2016

Repayment status

On Time

Projected term

3 months

Lenders

The Zinc Team

San Francisco, United States

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