More maize and beans for school supplies

Ruth

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Ruth

Member since

August 2017

On-time repayments

114 installments  •  13%

About Me

my name is Ruth, I am the first born in a family of eight. i was born in a humbIe family and am a form four leaver and i passed with good grades but was unable to continue my studies due to financial challenges .my parent were not able to pay my school fees. I decided to do business to help my parents in providing for the family and also in educating my siblings

My Business

I do supply cereals like maize and beans to schools, institutions, and milling companies. I take my products from farmers at a lower reduced price that is at $20 per bag of maize and sell them at least at 30%profit and sometimes even more.and $ 12 for a bag of beans and sell at $20 making a profit of $8 through this I have been able to pay school fees for my siblings and help my parents in their daily needs

Loan Proposal

Once I get the loan i will use the funds to buy more stock. I will buy more bags of maize which costs at 3200shs this will help me deliver on time my customers order of maize. I expect to get a 30% profit which will lead to a greater improvement in my business

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Sep 10, 2017

Repayment status

On Time

Projected term

2 weeks

Lenders

Deirdre

Yorkshire, United Kingdom

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