Entrepreneur
Name
Joseph
Member since
July 2014
On-time repayments
106 installments • 77%
About Me
My name is Joseph Mutie. I am married with three kids aged 19, 4 and 2.
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fkjksdjka kfkadjfkajdfk kfjakjdf My name is Joseph Mutie. I am married with three kids aged 19, 4 and 2.
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My Business
As stated above, I run multiple business ventures. This is made possible by the assistance I get from my wife and two workers who carry out most of the day to day activities.
I started this business since I have an advantage in that I buy cereals from my hometown where I am well known by the producers. This gives me a competitive edge since I am able to buy at relatively low prices and this increases my profitability.
Apart from my salary, I make an net income of about $300 per month from my business.
Loan Proposal
My cereals business is doing well. I have been selling maize and beans in the neighborhood and to some schools around my area. The demand for the same has grown and I need to add more stock to cater for the increased demand.
If loaned, I will use this money as follows:
1. 1- 90kgs bag of beans at a cost of USD 100
2. 2 90Kgs bag of maize at a cost of USD 100
3. 1 50kg bag of cow-peas at a cost of USD 60.
The above stock will be a big boost to my business and I expect to reap good returns from it. Thank you and I kindly ask you to fund this loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$287.00
Date disbursed
Jun 2, 2015
Repayment status
On Time
Projected term
16 months
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