Buying irrigation tools

Francis Mutuku

Ruaka, Kenya

100% repaid

Entrepreneur

Name

Francis Mutuku

Member since

September 2013

On-time repayments

31 installments  •  55%

About Me

An IT professional with over 5 years experience in complex & busy IT environments and now working towards becoming an authority in Project Management of Business Systems and IT Service Management. I got thorough knowledge of both hardware and software installation and support. These include:
-Over 5 years experience in support of Servers/Networks/PC hardware and Microsoft & Linux Operating systems .
-Balanced hardware and software training and experience on both MS Windows and Linux platforms
I offer freelance technical and software support to small organizations and also run a cyber cafe and a small stationary shop at the village

My Business

My business is setup is in a small shopping center and comprises of services such as Cyber service and internet solutions printing services, photography, photocopying services and the latest is a movie store, since am the only one offering such services in this shopping center I have no competitor thus making me to have good profits. Typical monthly cost include rent of 40$, electricity bill of 15$, and labor/ wages of 40$. My monthly cost of goods sold is about 250$ and total sales revenue is about 700$. This leaves me with gross profit of about 300$. Apart from this am also venturing in to farming which is in its early stages so far I have onion and water melons which have about two months since plantation and they are doing well

Loan Proposal

am an IT specialist by profession and i have been practicing farming of late as well.. I planted water melons which did very well.. and onions which are still not yet ready for harvest, which is the reason why i need a loan to buy buy; Hose pipes Insecticides,fungicides and fertilizers. I used some of the money which i got from the water melons sale to buy a water pump and expanding the farm hence the expenses were a little bit high but i managed, whats remaining its a hose pipe which will cover the whole farm for easy irrigation.. so i plead with leaders to help me on this

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$148.52

Date disbursed

Aug 14, 2014

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $148.52 at 5.82% annual rate over 2 months = $1.66

Service fee: $1.02

Lenders

frankcalberg

Zürich, Switzerland

IA

Ismini and Jerry

Stamford, USA, United States

Muslim

Riyadh, Saudi Arabia

H

Harmony

Cleveland, United States

M

marymarrs

North Bend, United States

dlpringle

Denver, United States

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

D

dk1234

Netherlands

DennisM

Netherlands

P

Prometheus

Duisburg, Germany

M

motivator1117

United States

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