More maize and beans for school supplies

Ruth

Nakuru, Kenya

97% 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

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

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.00

Date disbursed

Sep 16, 2017

Repayment status

On Time

Projected term

2 weeks

Lenders

PG

Paul Graham

United States

Deirdre

Yorkshire, United Kingdom

Paul Buchheit

Mountain View, United States

B

bea

Australia

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