Adding more chairs

Milka Cherotich

Bomet County, Kenyagoro, Kenya

100% repaid

Entrepreneur

Name

Milka Cherotich

Member since

February 2015

On-time repayments

45 installments  •  44%

About Me

My name Milka Cherotich I come from a small village called Kapcheprotwa in Bomet County. I am a first born in a family of 10 including my parents,am also a single mom of a daughter.My childhood growing in this village was very interesting until when I finished schools when the real challenges of life began I finished my form four,then finished my college education where I pursued Business administration & management there the job search began but there were no jobs so I decided to start my own business.

My Business

I started my hotel business in another neighborhood county of Kericho ,the business was booming since I sold cheap available foods for middle class customers,my income I used to pay my rent both for the hotel and the house we lived in with my daughter,pay school fees for my daughter and meet other business expenses and managed to save a little but this didn't go on for long when the site I operated my business became no business zone several stalls were destroyed there by the county government, I took a break for a while in business until I recently ventured in poultry farming which I am currently working on it.

Loan Proposal

with the previous loan i bought chairs. and on this coming loan I will increase more chairs to rent in this festive season so the loan of usd 100 will enable me add more 20 chairs to the business. the price of one chair is usd 5 and the less amount I will add to ensure that I buy 20 of them. with the income of this festive season I will pay fees for my daughter.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.11

Date disbursed

Dec 28, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $4.12

Lenders

J

jamdal

Australia

DR

Daniel R

Berlin, Germany

Daniel Hammarberg

Gothenburg, Sweden

WE

Wendy Emlyn

Devon, United Kingdom

N

Nora

Germany

John Minges

United States

A

appoline30

United States

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