Beehives

Francis Omongoluk

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Francis Omongoluk

Location

Nairobi, Kenya

On-time repayments

95 weekly installments  •  59%

About Me

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.

My Business

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.

Loan Proposal

With this loan that I am processing I intend to purchase more beehives for my apiculture business. One beehive costs five thousand Kenya shillings. I plan to purchase five beehives to expand my apiculture business. The remaining amount Ii will use for logistics such as transportation from the manufacturer to the site. The benefit I will gain is the expansion of my apiary which will in turn increase my earnings. With this loan my business will manage to earn a revenue of up to one hundred US dollars.

Income Source

I understand the current pandemic situation however with the the increase in my revenue earning as a result of business expansion it would be easier for me to repay the loan. I intend to put in place more effort to make sure I earn what will enable me repay the loan without much struggle. One harvest from one beehive will give me up to seventy Us dollars. Currently I have ten active beehives. Per harvest I expect to earn up to seven hundred US dollars. With such a revenue it would be easier for me to repay the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$155.46

Date disbursed

Dec 18, 2020

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: 5% of $155.46 = $7.77

Credit risk payment: $20.20

Optional expediting fee: $15.54

Lenders

N

nkalina

Bloomington, United States

N

ningli

Charlotte, NC, United States

L

lujabe

Melbourne, Australia

IA

Ismini and Jerry

Stamford, USA, United States

MichelD

Bangkok, Thailand

P

PetrusR

balmoral, Australia

V

Valis

Singapore, Singapore

H

HomesteadSchool

Glen Spey, United States

numbat

Perth, Australia

paulclinton

malaga, Spain

S

Sreval

Manly, Australia

R

RCHeying

Marietta, United States

mojobob

Hayward, United States

GuillaumeTeissier

Montréal, Canada

xtrahardware

Cazenovia, United States

G

GreenMoney

Lahr, Germany

O

oonbug

United States

T

thegreek1020

San Jose, United States

N

nycjen

United States

O

osubucks45

United States

J

jay12

Germany

chriseyre

Fremont, Ca, United States

PC

Patrick Clavette

Hartford, Wisconsin, United States

SK

Stefan Kruell

Muenster, Germany

Mark Grey

Redding, CT, United States

A

Adam

United Kingdom

SB

Sue Bucholz

Sacramento, United States

NM

Neil M

London, United Kingdom

United States

DL

Daniel levy

United States

EW

Eric West

United States

RD

Regan Dishon

United States

JA

Justin A

Fort Collins, United States

V

Vic

Finland

Frank

Germany

Andrew

Seattle, United States

H

hezron

United Kingdom

D

Dianne

United Kingdom

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