Entrepreneur
Name
Millicent
Member since
July 2018
On-time repayments
4 installments • 50%
About Me
I was born in 1996 in a humble background, I started my education in the nearby public school in 2001 and completed in 2010,,later I joined a nearby day school where I finished my secondary level. My parents were not able to provide for my further studies, so I struggle to start a business by collecting milk in my village and selling to the nearby cooler. My villagers practice farming as their main source of income. I get married in 2017 and I have one daughter who want to be a doctor when she grow up. My hobbies are swimming, playing and listening to music.
My Business
I venture into the business as a milk tender to nearby schools and a cooler as I came to notice that the good is in high demand in school and also in dairy products manufacturing companies. My typical cost are transport cost and government revenue. The profit I made from this business helps me in reinvestment in growing the business, providing family needs,and educating my daughter.
Loan Proposal
The loan I will be awarded will help me in many ways, first I will use part of it as transport cost thus enabling me to cover wide geographical are in buying milk from the farmers. This will increase my tender supplies to the shools and cooler thus maximizing my profit. Secondly,the loan will enable me to pay Farmers their income early before receiving my payment from my milk buyers,thus encouraging Farmers to practice more farming and also provide more milk to me.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$4.00
Date disbursed
Aug 9, 2018
Repayment status
On Time
Projected term
3 weeks
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