Wycliff
Nakuru, Kenya
86% repaid
Name
Wycliff
Member since
September 2016
On-time repayments
7 installments • 100%
Am a small businessman who has satisfactorily compléter his educatin.i have ton throuh hardship especially raising m'y tutio has been a hard tusk.i saved some money when in school and spme opportuniy in value addition,i dry and grind red papper.land is plenty but. Communal.my children are a bit Young, they havent made their mind yet.may hobby is planting trees d patticipating communal activities
l deal in value addition of red paper.the demand is very high,because i dont meet m'y orders time because of lack of machinery.i chose this venture because o saw the market and the fact that its wasnt exepensive to Start.my costs are basically power charges and the plastic containers for pakaging.since m'y family is Young,normamy reonvest my proceedes
Wil use the loan to purchase additional machine to enable me in grinding the red paper.will also pay some for stikers from KEBS This Will cost 50 dollars.this Will enanle me meet my orders, and employ spme people.I anticipate for an increase of 30% in profit margins
Positive
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Neutral
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Negative
None
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Sep 30, 2016
Repayment status
Late
Projected term
2 months
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