Deep freezer for preserving smokies and milk
Adams
Simat, Kenya
100% repaid
Entrepreneur
Name
Adams
Member since
January 2016
On-time repayments
72 installments • 49%
About Me
I am a fourth born in a family of six born in 1992 to a financially humble parents.my mother had to struggle to feed us and pay school fees for us since my dad had no stable job and my mother was a primary school teacher so the little mother got sent us to school. I attended missionary conerstone primary school and managed to join loreto boys high school nakuru but due to school fees problems i had to relocate to a school in eldoret and completed my highschool studies at arise and shine secondary school n later joined university of eldoret where am now on my final year pursuing bachelor of science in actuarial science.since i had no privillage to b provided with pocket money i started selling biscuits and sweets to other pupils in primary school after evening prep which helped me get pocket money and purchase new school uniform i continued with this until i was done with my high school education i latter joined campus and on my first helb loan i was awarded i purchased a deep frier to start up a chips business since had identified that university students loved fries and a 50kg suck of potatoes going for $10 gave mi $45-$50 return in a span of 4 days.my hobbies are cooking ,driving and going for picnics.one unique thing about my culture is that its rare for males to be cooking and is seen as women affair so it challenged alot of people on what i was doing.
My Business
I do sell fries mainly chips with a plate of chips going for $0.60 smokies each @$0.25 and boiled eggs each @$0.20.food as always been on demand and i decided to do something diffrent from what others do and fries is always on high demand by students and easy to manage since was still ongoing with my studies.on an avarage weekly i purchase a tray of eggs going for $3 and get back $6 a profit of $3. 1kg of smokies going for $3.20 with 22 pieces and get $5.50 a profit of $2.30 and a suck of potatoes going for $10 and get $45 a profit of $35 an avarage of $40.30 weekly.i later direct my profits to part of my school fees and the rest to my upkeep in collage
.
Loan Proposal
i intend to buy a deep freezer to be preserving smokies since they are perishable forcing me to be purchasing few kgs that end up not being enough and at times some going bad leading to loses.the freezer would also assist me in introducing milk in my restaurant shop as i will use it to preserve them.i come from a kalenjin community,a community that value milk alot and believes that after every meal milk should be available.a litre of milk goes for$0.3 and is 4 glasses each glass goes for $0.2 returning an income of $0.8 a profit of $0.5 per litre and on an avarage day you are bond to sell 10litres of milk getting an avarage of $5 in a day.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Jan 17, 2016
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
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