Name
Lawrence
Member since
April 2016
On-time repayments
31 installments • 55%
Hello, lawrence here again, it has been long since i came here but i first decided to concentrate with my studies. i can proudly say that now i have a diploma in Information Communication Technology. i decided to stop any investing activities untill am done.
i have a bigger plan which which will be launched in september 2019, i am planning to start a cybercafe business in the reserve villages where it is hard for people to get computer services.The business require alot of capital to start which my credit limit here does not all me to, thats why am projecting the business 11 months from now. ealier my lemders had given me a loan where i was in pourtly farming and to comment it was not a bad business. so am planning to start small on the moneg you lenders will give me, i have some savings of my own so ill start with 5 hens .As i repay the loan i will continue increasing the size of the birds projecting to 150 in 5 months,I will sell all of the at once, start with younger chicks again repear the same process and by the 11 month ill half raulised a half of what i want. ill come to you again and i believe you will boost me up to be able to raise the remainig amout and achieve my dream business. thanks
do tho the high demand of eggs in the village i have decided to start a chicken for eggs business. in have some savings which i have already invested in the chicken houses but the little left amount can barely buy two chicken. when i get the loan, 10 dollars, i will add with my personal savings ,15 dollars and buy 5months old chicks for 3dollars each. buy at least a good starting stock of 6 chicks then the remaining will kick start me in buying the feed for the chicks, as i continue working online, ill be repaying my loan and also increase the number of chicken. am targeting by December this year to have allowed 20 of them and sell the eggs to make my self a living. thanks
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$10.00
Date disbursed
Aug 1, 2016
Repayment status
On Time
Projected term
2 months
Other loans
Ask Lawrence a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...