Buying more sheep

Bernard Cheruiyot

Siwot Village, Kenya

100% repaid

Entrepreneur

Name

Bernard Cheruiyot

Member since

October 2013

On-time repayments

97 installments  •  47%

About Me

I am a businessman and a farmer from Keringet, Kuresoi constituency in Nakuru County. My business is in Information Technology sector; I own a cyber cafe and a computer services shop in Molo. My business in situated in Tuulek House, Olenguruone centre, Kuresoi South Sub-county.
I offer computer services: cyber, typesetting, designing various items, printing, photo-printing, photocopy, scanning, lamination e.t.c).
In farming, I grow potatoes, peas and rear sheep.

My Business

I started the business in October 2012 with a computer which my friend assisted me with. I had to lend a printer from a friend at a monthly fee. The little amount of money I had was used to pay for office rent and license fees.
The business has been successful; currently I have acquired my own machines worth over (USD 1,948) and own other assets (bought directly from business income) worth over (USD 8,534).
I am also currently investing in a sheep farm.
The only hindering factor is raising enough capital in a short span of time; but I believe ZIDISHA is going to assist me solve this problem.

Loan Proposal

First is to thank the organization and lenders for considering me in the past by awarding me loans. Am very much grateful.
For now am involved in sheep rearing and the IT business. I have 20 ewes and a ram but I am planning to add more ewes to the flock. I want to rear a total of 50 ewes. If you will consider me, I will buy more of the ewes in order to achieve my investment target.
I look forward to your favourable consideration.
Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$146.27

Date disbursed

Dec 1, 2014

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Lender interest: $146.27 at 8.10% annual rate over 1 month = $1.33

Service fee: $0.61

Lenders

investor

Candiac, Canada

Kysera

Crawfordsville, United States

R

rpmccarthy

Sydney, Australia

1

1dancer

Irvine, CA, United States

fairspirit

Utrecht, Netherlands

Bobrm2k3

Charleston, United States

neocodesoftware

vancouver, Canada

M

marymarrs

North Bend, United States

markpearson

Portsmouth, United Kingdom

Evan Lamos

Brussels, Belgium

Paul Buchheit

Mountain View, United States

S

SaraNT

United States

Mikers

Netherlands

I

ident

Horsholm, Denmark

G

gdp-finance

United States

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