Mophine
Kisumu, Kenya
100% repaid
Name
Mophine
Member since
April 2017
On-time repayments
138 installments • 32%
My name is MOPHINE I come from a family of six siblings and I am the fourth born.life has not been so easy since my child hood my father worked in a hotel industry whereas my mother was a business woman , I attended a public school in primary level but from the small amount my father earned he has managed to educate our whole family . I am a graduate pursed diploma in social work and community development .after graduating on 2015 since then I have not secured any job and in 2016 December I decided to start my own business to support my self I have a little kid and for me I want to give her a better life than my childhood one.
I sell firewood to my local villagers in the sides of a lake side,, I decided to start this type of business because their was a high demand for the firewood since the economic activity of the community is fishing.they need firewood to roast and dry up the fish they sell. I make a profit of 4000 after selling up my firewood. I use the money in all my daily expenses and save some to expand the business
I will use this loan to expand my business that is buy the firewood in bulky , construct a house to keep them from rains and theft plus start supplying charcoal too. I will use 30 ,000KEs to buy firewood 10,000KEs to purchase charcoal and the remains amount for the construction of a stall to keep them.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$493.00
Date disbursed
Apr 27, 2017
Repayment status
On Time
Projected term
37 months
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