Name
Tabbita
Member since
August 2020
On-time repayments
11 installments • 18%
I am a university graduate with a Bachelor's degree in Environmental health waiting employment. So in the mean time I decided to venture into a business to earn enough income to make ends meet and supply my dependants with their daily needs
I rear chickens and supply them to big supermarkets when they are due. I also have a salon that I run after am done with the chicken work. It is mainly for clients that are held u during the day as it functions fully in the evening. I have employed 4 workers at the salon if which all of them are students as we are trying to boost our economic status by helping each other run the night salon
With the previous loan I got I was able to order more chick and now I have a lot of them which am rearing. I am kindly asking for more money because I need to buy starter feed medicines and all the necessities for the growth of the chicks. Soon after purchasing the chick there is certain medicine I am sapposed to give them mixed with water and it is expensive so I used part of the previous loan I got to buy the medicines. Now I need more money to buy feeders and drinker's to accommodate more chicks
I understand that no matter how certain you may be about your business paying off you can never be too sure of the risk factors. So for risks like theft and or fire I have insured my my small business so that in case of theft or fire I will have all my money back which I invested from the insurance company. And for risks like making a loss because none is buying my chickens that will not in any way affect my due payments because I will use the money I am earning from my saloon to repay in case of anything
Positive
None
Neutral
None
Negative
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Project Type
Classic Loan
Disbursed amount
$175.00
Date disbursed
Jan 18, 2021
Repayment status
On Time
Projected term
1 week
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