Lewishemedi
Kisii, Kenya
100% repaid
Name
Lewishemedi
Member since
July 2014
On-time repayments
95 installments • 14%
my name is Lewis Momanyi am a graduate from Egerton university where i did my bachelor of commerce and specialized in accounting. i am the last born in the family of 3.I love reading journals and also socializing in order to increase and open up my way of thinking. I decided to venture into business where am i have a tender of supplying textbooks to schools ,lab equipments and stationery. i have tenders from many schools which keeps on recurring like now i have 3 schools i need to supply lab equipments that's why i need little financing to deliver
i deal wit tendering and i have done more than 50 tenders to schools. i supply stationery like textbooks and also i supply lab equipments and also furniture like chairs desks etc. The reason i am applying for funding is i have like 3 tenders now which is worthwhile but i need funding to assist me in transportation ,,,,,,i also have my carpentry shop where i have employed personnel to assist me make the furniture's to supply .monthly i make like 70000 where profit is like 40000 after expenses. fund me we grow together
When i get this loan it will help me to boost my business which i do since i always but bags of maize and beans then i resell them at a higher price. The challenge which i have always had is the aspect that i dint have a storage place where i could store them .i always transported them to the nearest town after selling them the remaining i bring them back again to the hose which proves to be costly and also limits my profits..... i would want to take a small store room in town so that i will be enhancing my business in the sense that i could be bringing more stocks ,store them there and be able to sell them conveniently without being distracted like rain and also be able to increase my clientele to know that i am located in a certain place.
per day i can sell like 3 sacks of maize where i get approximately like 100 dollars per day profit but i transport to en fro daily costing me like 20 to 30 dollars which always affects my profit and also natural factors like rain also make me close earlier affecting my sale
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Aug 19, 2014
Repayment status
On Time
Projected term
7 months
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