Business expansion

Fedeles

Bungoma, Kenya

27% repaid

Entrepreneur

Name

Fedeles

Member since

September 2016

On-time repayments

74 installments  •  30%

About Me

ijoined primary and did my class eight exams in 1994 at shikoti mixed pr in kakamega after that my sister who was by then my gurdian passed away followed by my mum. i managed to join form one helped by a well wisher who was my inlaw because my father was unable to assist as he was jobless.After my f4 i joined my cousin who was abusinessman ie sold timber he trained me to operate apowersaw machine where i started cutting trees and became a fundi . this helped me raise capital and started buying trees on my own.My children are also encouraged because i go along with them during holidays whenever i go to cut trees this was unusual in the past though i had developed interest in jua kali when i was young

My Business

i sell timber which is on a high demand in my area . my customer make furniture from the same.The business has helped me in farming and expansion of the same because i started with a lower income of $5 and am now ranging to $50

Loan Proposal

Describe what you will do with the loan. (minimum 150 characters)given the loan i will be able to buy more trees to split timber some for sale and other timber will be used to make furniture for sale to be used in most peoples homes. after good sales l hope my business will be able to grow in that i will also be able to buy workshop equipments eg. powersaw because by now am using hired ones wich i pay ksh1000 per day.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$63.00

Date disbursed

Feb 14, 2018

Repayment status

Late

Projected term

14 months

Lenders

M

Margaret

United States

Joshi

United States

L

Lisa

United States

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