Geoffrey Omondi Onyango

Geoffrey Omondi Onyango is a 30-year-old business enterprenuer. He is single but takes care of his three siblings. Geoffrey is involved in the business of selling spare parts.Geoffrey had to drop out of school at the high school level due to lack of school fees. But his determination and hard work have made him to what he is now. A born business entrepreneur, Geoffrey does not depend on selling the parts alone; he has another source of income as an electrician in Nakuru town. Geoffrey is a very business-oriented man. He has been in the business for eight years now, and he has gained a lot of experience. He has good customer relations and thus he enjoys a wide range of clientele. His customers are both mechanics and owners of vehicles, while most clients who need electrical work done are at the homes, schools, and business premises, among others. He purchases the parts from Nakuru town. Being the only breadwinner of the family, his business has been of great help to him, since he has been able to provide basic necessities to his family. But Geoffrey faces many challenges, including lack of capital to expand his business and also buying the parts from Nakuru is a bit expensive, thus less profit. He wants, however, to purchase spare parts from Nairobi so that he can expand the business. And that is why he is requesting a loan of $1200. His budget is as follows: $100 for transport; $900 to add more stock; $100 to get a municipal license; $100 to pay rent. He is a good and committed man, and he will repay the loan in time.

Disclaimer: Due to recent events in Kenya, the security situation in many communities remains unsettled, affecting many local businesses. Lenders to this entrepreneur should be aware that this loan may represent a higher default risk, and should be willing to accept this additional risk in making their loan.