Name
Wycliffe
Member since
December 2017
On-time repayments
24 installments • 88%
I am Wycliffe and i was born in a poor family whereby getting education was a very big problem. my parents struggled and i was admitted to a public primary school where i managed to finish class 8. Going to secondary school was a nightmare since it was really challenging for us. getting school fee was a challenge since my parents were not able to raise the funds. We could ask for harambees and help from well wishers to support my secondary school education.
I have a family and i am struggling to educate my children since i am not well off. my children would like to be better persons when they grow up.
My business is about bakery where i bake cakes, doughnuts, tea scones and other bakery products,where i started by borrowing an oven from a friend for the business. i am supposed to return the oven to the owner after one year. I am intending to grow my business and also be able to acquire my own oven to enable smooth running of my business.
I chose this kind of business because where i stay there is a lot of customers and i am very positive that the business will grow large after getting my own machine.
the profit is very minimal and its really not enough to cater for my family and my children's education.
Since the loan is so small i will only use it to buy one baking flour. The flour will bake a cake that will earn a bit more as compared to the price of the flour.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$11.00
Date disbursed
Dec 30, 2017
Repayment status
On Time
Projected term
2 months
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