Entrepreneur
Name
Philemon
Member since
April 2017
On-time repayments
275 installments • 93%
About Me
I am an entrepreneur by proffession .I graduted on 1st December 2017.I was born in poor family of 11 children.Four sisters an seven brothers .I went through hardship and challenges in my tender age due to finacial challenge .Being a big family I struggled through toil and hardship that made me to be self-reliant .The hardship and challenges forced me to be developed financial independence .While I was in my primary school at the age of 12 I started operating small business as hawker selling mangoes and oranges at Kamoiywa village .This built my entrepreneurial skills and the desire to have financial freedom.After four years I joined Karatina University and I have managed to complete my degree of bachelor of Science in Entrepreneurship and graduated on 1st December 2017.Currently,I am Working with Juhudi Kilimo as a partime job as I explore the business opportunities. I am still operating transport business.Currently ,I own one motorbyke and planning to acquire another new motorbyke that will transform my transport business.I am determined to established my business and become the manager of transport business .My dream is to expand my transport business to acquire more cars to acheive my dream of being a millionnaire.
My hobby is networking and this has enable me to get more business opportunities in network marketing as well as sharing ideas about upcoming business ventures.
My Business
As a sole proprietor, I operate a transport business .I am in possession of 1 motorbikes facilitating transport businesses within small town s. Its operating from morning till 8 pm at night.I have managed to employ one person to carry out the transportation.
Currently, I earn 100 dollars per month after deducting monthly expenses.Due to low season and long election period the transport sector has been affected adversely. The transport in small towns has high demand because it's the only profit convenient mode of transportation in rural areas.
Since we have dynamic changes in transport sector their is a need to shift to use the Pro-box car since its now the convinient mode of transport and also more profitable than motorbike . I have managed to saved 2500 dollars.I am looking forward to accumulate the saving and reinvest .Through savings,and loan that I expect from lender I will be able to get 1500 dollars to buy a Toyota Pro-box costing 4000 dollars . This would enable me to increase my income to a higher level of 250 dollars per day .I am really yearning to start my career and grow to be a millionaire.
I also have a plan to diversify my business by venturing into selling gas cylinders as well as gas for cooking.Moreover ,as ambitious entrepreneur and also opening shop for selling second-hnad clothes(mitumba).This business will create more income as plan to venture to other lucrative businesses.
I am anticipating to minimize cost by selling the gas cyliders and second-hand clothes by the nearby shop to avoid rent expenses and minimizing the costs.I also found selling cooking gas within the estate would create a large market for my business since most consumers are within the vicinty.
My plan is assisst my parents in their upkeep as well as reivest more to generate more income.
Loan Proposal
I intend to buy another motorbike at a cost of 900 dollars.I have saved 250 dollars from the income I receive daily transport business. I am requesting a loan of 650 dollars to invest in transport Business.I expect my income to increase to 260 dollars per month.I am confident I would be able to purchase a motorbike and expand my transport business and repay the loan in less than five months.
Accumulated savings 250 dollars
Required loan as capital 650 dollars
Total amount required for motorbike 900 dollars
Expected income per month 260 dollars.I believe i will be able to reap from the transport sector through your financial sector. i am longing to receive your feedback.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$79.00
Date disbursed
Jun 16, 2017
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Switzerland
United States
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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Mary Nov 4, 2017
Philemon Nov 11, 2017
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Philemon Nov 27, 2017
Philemon Dec 11, 2017
Philemon Dec 6, 2017
Philemon Sep 11, 2018
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