Adding cotton to my business

Victor

Kimilili, Kenya

100% repaid

Entrepreneur

Name

Victor

Member since

November 2017

On-time repayments

8 installments  •  75%

About Me

I'm Victor Khaemba from Kimilili, born in 1995,
I was brought up from a humble family of six.
I completed my form four in year 2012 and after thatI started supplying fertilizer to farmer. After 3months I started operating my business on large scale. My life has been changed from there

My Business

I am selling fertilizers to farmers. and to make my services different from others I operate a door to door business by taking the records of the order and supply the fertilizer when time comes.
I buy one bag Ibuy at USD 23 and sell them at USD30 making a profit of USD 7 from each bag sold.

Loan Proposal

i will use the ooan to add more cotton for making new fashioned jackets. it costs USD 1 per bale it it gives a profit of USD 2 per bale. this will increase my profit by USD 200 PER WEEK. MY BUSINESS WILL ALSO GROW AT A HIGHER RATE

Show original English  

About Me

Victor khaemba from kimilili born 1995,
i was brought up from a humble family of six.
i completed my form four year 2012 and after that i started supplying fertilizer to farmer. after 3months i started operating my business on large scale. my life changed from there

My Business

am selling fertilizers to farmers. and to make my services different from others i operate a door to door business by taking the records of the order and supply the fertilizer when time comes. one bag i by at USD23 and sell them at USD30 making a profit of USD 7 from each bag sold

Loan Proposal

i will use the ooan to add more cotton for making new fashioned jackets. it costs USD 1 per bale it it gives a profit of USD 2 per bale. this will increase my profit by USD 200 PER WEEK. MY BUSINESS WILL ALSO GROW AT A HIGHER RATE

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$21.00

Date disbursed

Dec 25, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

Ask Victor a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Victor    Mar 15, 2018

    Am much sorry for the late payment of Ksh3109 which I borrowed from my lenders! The reason being that I lost three members of my staff through a fatal road accident on 13th February 2018. I spent much money for their burrial therefore my business could not go on!!
    I thank God that after burrials, I restarted the same business with little funds that I had! I'll therefore repay the loan soonest posible! am much sorry for the inconvinience of the loan repayment!

    Log in to reply • Share
  • Victor    Jan 25, 2018

    I will add my stock of fertilisers for selling now that this is the season in our country for planting, the loan will help me expand my advatisnment for display for more profitable marketing. Am grateful for the loan and i will pay back on time

    Log in to reply • Share
  • Victor    Jan 12, 2018

    thank you lenders for the loan. zidisha you have played a big role in my business. the loan has enabled me to make big steps in my business. i have used the profit to expand my business and also in improving my services

    Log in to reply • Share
  • Victor    Dec 22, 2017

    thank you lenders. i will use the loan to add more cotton in my business. it costs USD 1 per bale

    Log in to reply • Share
  • Victor    Dec 22, 2017

    hello lenders...i received the loan in the amount $10.56 . i repaid fully and applied for another one

    Log in to reply • Share


Loading...

Loading...

Loading...