Entrepreneur
Name
Moses
Member since
January 2014
On-time repayments
232 installments • 13%
About Me
my name is Moses Orengo.I am the first borne in a family of two siblings and raised by a single mother.i graduated with a bachelors degree in commerce on october of 2013.I am a business man and at the moment am working with an international multi-level beverage company called organo gold.i decided to do business because there are no enough job opportunities in kenya.the unemployment rate in this country is about 44%.i also wanted to be my own boss and create my own wealth though my businesses.Organo gold launched in kenya in November 2013.I already have 3 direct down lines on my team and the network is growing at a good speed.I want to use the money to expand my organization by upgrading my membership with the company so that I can earn interests at 15% instead of 10% as well as enjoy other benefits related with an upgrade.
My Business
organo gold is an international company that launched in kenya 2 months ago and its growth is explosive.it has been in existence globally for 5 years and within those years it has been able to create over 40 documented millionaires and thousands of 6 figure earners.the highest earner in direct sales comes from this company.refer to http://www.businessforhome.org/2013/10/top-100-worldwide-earners-in-mlm-october-2013/
kenya is the first African country to do this business. this means that their is still a very big market to capture and more downlines to bring into the business.This small loan couuld actually make a difference and change my life as i will enjoy a wide variety of benefits after i upgrade from a bronze pack to a silver pack that i had started the business with.a bronze pack costs 22,000 kenya shillings.this comes with 8 boxes of coffee, tea and drinking chocolate.A silver pack on the other hand comes 28 boxes of the same product and costs 53,000 kenya shillings.an upgrade means i will pay the difference between the two packages and i will get the difference in boxes.selling each box will give me more than enough money to pay up the loan.this is because i already have a customer base that i created using my first 8 boxes.i like this type of business because i get to work from home and the products involved are consumed daily by every household.the products are also healthy and are made using an ingredient called garnodama herb which helps sort out a number of problems in the body.the business is profitable because it has a very unique payment plan that can make someone make millions in a few years.there are seven different ways of making money through this business.but assuming i sell the products,each will retail at 3000 kenya shillings.the upgrade will grant me 20 boxes.if i sell just 10 boxes i will have more than enough to repay the loan.if i will not have sold the boxes i will still make money through the other 6 remaining income streams and i will be able to pay the loan
Loan Proposal
i would like to appreciate zidisha for the far it has brought me. the last funding i got i was able to buy more chicks and get food and nutrients for my chicken. i have been able to increase my client base for eggs and chicken meat and the demand is overwhelming. i hope that when given this loan i will be able to expand the chicken shed to accommodate more hens and for hygiene purposes. the chicken shed will require around 95 USD to expand and the remaining i will buy more chicks. a one week old chick goes for around 2USD .Currently i sell a hen between 9-12 USD depending on the weight and an a tray of eggs for 4USD. In a weekly basis i make sales of between 70-75USD on the lower side per week. My monthly sales are currently at 400 USD.With a bigger shelter and more hens i am more than optimistic that my venture will continue booming and i will continue making more money, say 80-85 USD per week and be able to expand from just hens to other kinds of poultry such as turkeys, quails, ducks etc. all the support given will be greatly appreciated.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$148.00
Date disbursed
Aug 29, 2014
Repayment status
Late
Projected term
48 months
Other loans
Lenders
Republic of Korea
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