Loan for debt consolidation

Madesto Waswa

Bungoma Town, Kenya

100% repaid

Entrepreneur

Name

Madesto Waswa

Member since

November 2015

On-time repayments

273 installments  •  82%

About Me

I was born on 19th of august 1992.i joined kanduyi deb primary school in bungoma from1996-2005.i later joined friends school kamusinga to attain my o-level education where i passed with a B+.later joined strathmore university for CPAs and bachelor of commerce from 2010-2013.i worked temporary at tristan marketing as the assistant manager for 1year.then later joined MBSI ltd and worked as an operations manager for another 6months.i later formed my company under sole propreiotership and decided to venture into supplies of materials to schools and hotels.it has been a long jorney and challenging espesially when it comes to limited funds to sustain a consistent supply to my client.assistance of loan to sustain my supplies and to grow massively.

My Business

My business i deal with supply of vegetables fruits and cereals in massive quantity to schools and hotels on a daily basis.then at the end of the month i get paid in cash or cheque.my office and stalls are located in bungoma at the samw point.the items that i supply are high in demand and are needed on a daily basis.when it comes to revenue i simply pay the license from municipaal council of bungoma.this is where i get all my income fot me to pay fees and other need for my family in luding

Loan Proposal

i will use the amount of loan to pay some bills that i owe one of my suppliers who is a farmer so that he can be able to deliver the remaining products to my business.i will use for that case like ksh.300
I will also use the amount to buy some extra primary materials that i use to package the products that i sell at my shop like polythene bags and sugar bags.that might cost me like ksh.200
i will also use the loan for transportation of my items obtained from the farmer to my shop which might cost roughly ksh.200
The loan will also help me to add on the existing working capital so that i can be able to purchase extra several items.that will end up estimated at ksh.200.
Lastly the remaining amount of ksh.100 i will use to buy airtime for sufficient communication between me and my clients and suppliers.out of using this amount,i expect to make a profit of ksh.800.this is a slight increment .

My Videos

Apr 4, 2021: Loan for purchase of konica printaer and four laptops

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.01

Date disbursed

Aug 31, 2016

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $0.46

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Chris

Nganmarriyanga, Australia

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