80 weekly installments • 63%
my name is francis itengo omongoluk and i am interested in your services. I went to kakapel primary school in western Kenya where i completed my primary education. Life was not so easy that time whereby i used to walk several kilometers every morning to school. you can imagine walking that long bear foot with too much cold in my mountain location. My focus in life and hard work propelled me to completing my primary education. I managed to pass well and emerged the first in my school and i went to kolanya boys high school for my secondary education. I worked hard and also managed to complete secondary education. After high school i never wanted to stay idle after lacking money to go to college. I had to look for some job to do to earn a living. I landed a small job in a private security firm and that is what i have been depending upon to support me financially. i saved some money monthly till it was enough to buy some groceries for sale and that is how my small business came up.
I sell groceries to the people around my locality. I decided to sell groceries because i came to learn that they are the ones on daily use in many households. i chose to deal with these goods because they are readily available all year long in the market. I use some of the profits other house needs and i spare some for business growth.
From the grocery business I have been doing I am glad to say that I discovered a new business opportunity and that is beekeeping. I decided to spare some cash from my business in addition to the loan I received from zidisha and managed to purchase some beehives. I currently have ten beehives in my apiary. With the harvest coming from the beehives I am sure my revenue will increase.
With this loan that I am requesting I will still stock my apiary with beehives. I plan to purchase three (3) beehives. One beehive costs Kshs 5000 and the three beehives will cost me Kshs 15000. I will also use Kshs 5500 to purchase barbed wire for fencing my apiary to secure it from intruders. Whatever will be left i will use it for logistics ie transportation and instalation of the beehives. I will appreciate your offer off the loan. Thanks.
I understand that the current pandemic situation is posing challenges to many businesses. However, I have confidence that my business will still breakthrough to be able to raise the amount to repay the loan. Therefore with the revenue from my grocery business together with the proceeds from the sale of honey, I believe I should be able to repay the loan without any difficulty. Thanks so much again for the loan offer.
Apr 4, 2021
Cost of loan
Service fee: 5% of $208.92 = $10.45
Credit risk payment: $27.16