Entrepreneur
Name
Basil
Member since
April 2014
On-time repayments
366 installments • 3%
About Me
Hello there I Hope you are al keeping well in the midst of the Covid 19 pandemic.
I am Basil Okello Onginjo a 26 year old male living in Nairobi Kenya. I have 4 siblings.
I am a recent graduate of the University of Nairobi where I graduated with a law degree.
I am currently working as a legal assistant at a law firm in Nairobi.
I enjoy working in the legal sector defending people’s rights.
My hobbies include travelling long distances, cooking and meeting new people.
I love the outdoors nature and art.
I am venturing into the art business to add to my income.
My Business
Income sources
I work as a Legal Assistant, the salary i earn from this job is my main source of income
My business plan is to sell framed African Art pieces to supplement my income.
The Product
I will be selling framed African Batik Art pieces. See https://www.ebay.com/b/African-Batik/165462/bn_71609777
The product will consist of purchased African Batik.
I will then frame them in a wooden frame.
Marketing
I will market my products by word of mouth and on social media.
Social media marketing is helpful because it increases conversion rates, improves brand awareness and helps you reach you targeted audience.
Social Media Advertising Costs
Social Media Platform Average Advertising Cost (CPM)
Instagram $7.91 per 1000 impressions
YouTube $9.68 per 1000 impressions
LinkedIn $6.59 per 1000 impressions
Sales
I intend to sell my art pieces on classifieds in Kenya
I also intend to sell on Etsy
https://www.etsy.com/
The site charges $0.20 to list an item, and the listing stays active for four months. If your product sells, Etsy charges 3.5% of the selling price as a commission
The product will be retiling at $ 20, an estimated cost of production is $15 inclusive of incidental costs like transport , thus a profit of 5$ per piece.
Loan Proposal
Hello people .i have never met people as generous as yourself ,helping people you have never seen or come into contact with ,hats off people.Your previous loan enabled me to expand my animal house .i am truly grateful .with the proceeds from my goat business and the loan i was able to plaster the floor of my house as at now it can accommodate 15 goats ,i have been able to partition it into two parts.the second part is where i would like to start a dairy goat project.i plan to buy the dairy goat ( a female ) at 202$ .An Alpine goat .It has the following benefits.It can yield 4.5 kg per day of milk better than our traditional African cows. .Goats milk is better in that it has calcium ,and more iron ,it is also better digestible.I would like to borrow at least 447 dollars .to buy feeds ,salts and finish off my Lucern and Napier planting on my fathers farm to feed all these animals .i had since grown Napier on my fathers farm on a quarter an acre ,i have commenced lucern ,but yet to start desmodium.i will be able to pay the loan as i am continuing with buying and reselling goats for better value ,i sell at least 8 goats a week earning 6 $ in profit .a goat .so it will be good 48$ a week.Thanks again for your kindness
see pictures above. on the projects i have done with the help of Zidisha.org
My Videos
Sep 18, 2021: Basil okello's loan appication for art business
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Loan Info
Project Type
Classic Loan
Disbursed amount
$444.00
Date disbursed
Aug 27, 2014
Repayment status
Late
Projected term
82 months
Other loans
Lenders
Milwaukee, United States
United States
Netherlands
Maputo, United States
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