Norman Konde

Kilifi-mtwapa Town-mtomondoni Village., Kenya

9% repaid

Entrepreneur

Name

Norman Konde

Member since

February 2013

On-time repayments

70 installments  •  11%

About Me

My familyconsists of 3 brothers and 1 sister ,my family has ventured alot into farming business which is poultry,goats,cows and crop farming.I live at dzalamkadze mtwapa area,i schooled till fourth foam with some experience in hotel industry and travel.I started poultry business because this sustains people annually and chicken are always in demand.I have purchased a small piece of land with my few earnings and am intending to build a small family house.
In the interest of making the business grow i will look into buying more piece of land and build houses to generate more income.

My Business

The business is poultry farming and crop farming,the produce is chicken and maize.
Demand for chicken is there always in local cafes and hotels etc and maize is consumed locally as staple food so maize is in big demand.
Customers prefer the business because i sell most of goods fresh from the farm and in big and small quantities,so all can afford.
The business is profitable because i keep poultry in big numbers ,so i get some profit ,i also harvest maize in bulk so its easy for me to make some profit as i sell in big bulk sacks at ago.

Loan Proposal

am taking this chance to post my loan f9or funding again. with this being my second loan am planning to use this loan in two. this means i will use 100,000 to buy a ready milking dairy cow and use the rest on buying of more chicks that i will add into my poultry. and also use some on buying food for the younger and growing up chickens into my poultry. this will make me in a better position in daily and monthly earnings of which it will improve my living standard well.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,804.95

Date disbursed

Dec 3, 2013

Repayment status

Late

Projected term

65 months

Cost to entrepreneur

Lender interest: $1,804.95 at 11.49% annual rate over 65 months = $1,138.33

Service fee: $349.67

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