Name
Ruth
Member since
August 2017
On-time repayments
114 installments • 13%
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
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
First o would like to say thank you for the previous loan disbursed to me. Since then my business has not remained the same.
This time round am also targeting in increasing my stock since I have a lot of customers but I fail to deliver due to lack of capital. Am planning to buy more bags of maize since this commodity is in great demand. And I know from this extra bags of maize I will get my 30%profit which I will use to pay my siblings fees and re- invest others in the business
Positive
None
Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$11.00
Date disbursed
Sep 16, 2017
Repayment status
On Time
Projected term
2 weeks
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