A loan to purchase additional computer for my cyber business

Edwin

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Edwin

Member since

August 2017

On-time repayments

56 installments  •  32%

About Me

My names are Edwin Omondi. I am the fifth born in a family of seven. I am a honest person. I went through a lot of challenges when starting my business. I had a large piece of land but lacked the capital to venture into farming. I therefore leased a small portion of the land in order to get the capital to venture into farming and that's how my long journey into farming began. I would like my children to be honest people with good careers and people of high integrity.

My Business

I am a farmer and farming is the business that I do. I have a large piece of land on which I keep dairy cows,grow crops and keep poultry. I sell my farm produce to earn income. I sell the milk from my dairy cows, eggs from my poultry and farm crops. I utilize the profits that I gain from the business well. I save a portion of the profits and use the rest in my personal upkeep and that of my family and also reinvest some back into the business for its growth.

Loan Proposal

I have a well laid down procedure and plans on how i will use the loan once it is disbursed to me.The loan will be very vital for the growth of my business. It will be used appropriately without any amount going into waste.I will purchase an additional computer for my cyber business.The addition of a computer will enable increase the number of my customers and also fasten service delivery to my customers.This will enable me increase the percentage of my profit due to increased operation as a result of the addition of the computer.I will gain much from this loan assistance and i believe that the cyber business will much more profitable and the services that i offer to customers will also improve and be better.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.00

Date disbursed

May 31, 2018

Repayment status

On Time

Projected term

1 week

Lenders

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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