Entrepreneur
Name
Hilary
Member since
November 2018
On-time repayments
32 installments • 63%
About Me
I come from a very humble family. My parents were farm laborers who could barely put food on the table for their 11 children. As a third born, I started working in the farms at the age of 10 years. I remember I used to pick coffee during rainy seasons to supplement our household income. I usually covered one-third of the school term since I was often sent home for school fees. Luckily, I had this photographic memory that enabled me to easily grasp what was covered in my absence.
God blessed me to join the most prestigious university in Kenya where I studied to master's degree. I ,however, did not secure employment. By the way, my parents passed on before I completed my undergraduate studies. I remember deferring my studies to cater for my younger siblings. I later served as shop attendant where I used my little savings( Kes 9,000 to be precise) to start a fruit vending business. Today, I can only praise God for having opened new business opportunities for me. BUT I LACK CAPITAL
My Business
After completing my postgraduate studies(MBA), I could not secure myself a job and I decided to get into business. Capital is, however, a limiting factor to the growth of the business.
Nowadays, I have established my presence in the supplies business. I have been getting LPOs from a reputable paper-processing industry to supply logs of wood. Since a single LPO is as large as 100 to 150 tons of logs, I need enough capital to buy logs of wood and to meet transport costs to the paper industry. The industry pays after between 1 month and 2 months. However, the profit margin is 33.33%. Fortunately, I could make a larger margin if I owned a power saw. This tender is regular and I can assure that if supported, I will break even in a short while.
Kindly support me
Loan Proposal
I will expand the volume of my inventory
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Loan Info
Project Type
Classic Loan
Disbursed amount
$17.00
Date disbursed
Jan 3, 2019
Repayment status
On Time
Projected term
4 weeks
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