Entrepreneur
Name
Francis
Member since
April 2017
On-time repayments
128 installments • 51%
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
$155.00
Date disbursed
Dec 18, 2020
Repayment status
On Time
Projected term
3 months
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Summary
Amount repaid
$155.46
Amount remaining
$0.00
Date repaid
Mar 27, 2021
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 27, 2020 | $0.00 | ||
| Jan 3, 2021 | $22.40 | Jan 11, 2021 | $22.40 |
| Jan 10, 2021 | $22.40 | Jan 21, 2021 | $22.40 |
| Jan 17, 2021 | $0.00 | ||
| Jan 24, 2021 | $0.00 | ||
| Jan 31, 2021 | $0.00 | ||
| Feb 7, 2021 | $16.64 | Feb 25, 2021 | $16.64 |
| Feb 14, 2021 | $16.64 | Feb 25, 2021 | $16.64 |
| Feb 21, 2021 | $16.64 | Feb 25, 2021 | $16.64 |
| Feb 28, 2021 | $16.64 | Mar 9, 2021 | $16.64 |
| Mar 7, 2021 | $7.78 | Mar 26, 2021 | $7.78 |
| Mar 14, 2021 | $7.78 | Mar 26, 2021 | $7.78 |
| Mar 21, 2021 | $7.78 | Mar 26, 2021 | $7.78 |
| Mar 28, 2021 | $7.78 | Mar 27, 2021 | $7.78 |
| Apr 4, 2021 | $12.99 | Mar 27, 2021 | $12.99 |
Margaret Apr 2, 2019
Margaret Mar 1, 2019
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