Capital for buying and selling of maize

Elvis

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Elvis

Member since

October 2016

On-time repayments

35 installments  •  74%

About Me

I went to schooled at Kipsaina primary school and later on joined Wareng secondary school, i never made it to college as a result of low grades that was attributed by lack of spending most of my time in school as result of being chased away because of school fees every now and then.
Together with my bother who was a bit well off financial we started farming at home because my mother owned a very large piece of land. We planted maize for the first time and honestly, these has been a stepping stone in our successful living. I am yet to get kids, my hobby is dancing an playing soccer.

My Business

i do farming and aside for that i am employed as a sales person where i sale and market different products for our company and paid on commission basis. These goods on the farming part is very important because it help in sustaining people in our area since maize is the staple food for many of us and thus with the maize people are able to get food, on the other hand the marketing services that i offers is very [important because it increases the demand for the companies product as we are able to inform many people about the product and its usefulness and hence increasing the demand. i chose thee business because it was a side hustle that could help me make money aside from my farming business, i use the income that i get to support our farming business as well as support my other siblings in school.

Loan Proposal

Granted the loan amount i will make it 120 us dollars on top of my savings and use the money as a capital for buying and selling of farm produce.
One bag of maize will cost me 12 us dollars this means i will buy 12 bags of maize.
After selling i will sell at 18 us dollars a bag.
With a good capital i can buy and sell maize and other farm produce and meet my demand from hotels and companies.
The profit i will make i will put back to grow my capital and make a larger profit.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$22.00

Date disbursed

Oct 4, 2016

Repayment status

On Time

Projected term

2 months

Lenders

Paul Buchheit

Mountain View, United States

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