John Waithaka Watere

Rongai, Kenya

88% repaid

Entrepreneur

Name

John Waithaka Watere

Member since

March 2012

On-time repayments

41 installments  •  93%

About Me

I am 39 years of age married and blessed with 3 children a boy and three girls. I raeched in standard seven but due to luck of money,I didnt continue with the education. I was employed as cows care taker for two years and due to my character I was employed in a cereal store. Anyway, I was good conductor and people liked me very much. In 2000 I started my own business of cereal because I liked the job and also the interest it brings. I live in Rongai town at Thairus alongside Rongai secondary ave.

My Business

As per above, I started my business in 2000 and I do buy all types of cereals from the farmers. I do use my bicycle to bring all I buy from farmers to my little store. Whatever I get from my business I pay the business and resindecial house rent, paying of my children school fees and adding my stock step by step. I am planing to buy a motor bike to help me transport cereals from the farmers. My little store is situated alongside Mwalimus ave.

Loan Proposal

Dear lenders,i can now state that i am one step a head since i join this wonderful institution.I came to notice it was God plane to have your thought.As the a Gikuyu my tribe says you must work very hard to achieve you goal.Let me take this opportunity to express my prayer to you for another loan,i hope you will here my prayer.If you lend me whole amount,i will purchase one motor_bike worth .K.E.S.100.000.The bike will be useful to me because it is almost harvesting season in our area.During the season,we need to transport maize from the farmers to the market and we need to be a beat faster to overcome the situation.The rest of the amount will be used to add to the stock so as to have more than 100 bags of maize per trip.In harvesting duration ,i used to buy about 70bags of maize in a week .As per given a mount ,i will be able to buy a bout 100 bags in a week.This will make me to get at least K.E.S.20.000 profit per week if whole maize will be taken to the market.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,849.99

Date disbursed

Nov 11, 2013

Repayment status

Late

Projected term

24 months

Cost to entrepreneur

Lender interest: $1,849.99 at 8.54% annual rate over 24 months = $317.73

Service fee: $129.77

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