James
Kenlands Estate, Kenya
100% repaid
Name
James
Member since
August 2013
On-time repayments
28 installments • 50%
I’m Onchiri James from the large Onchiri family. currently I reside and do business in Nakuru with a small grocery business and a small dairy handling and selling 100 liters a day. I'd like to extend both business to boost me economically thus seeking a financial support to boost me in realizing my financial goals. Being a graduate in commerce from a local university, I know what it takes to manage a business and expand it to realize the full potential of the support I receive. what drove me into the business is because I identified an untapped gap that I want to exploit it fully. That has employed me instead of the white collar jobs. The funds that I get from the business, I use them to internally expand the business and also to pay the rent for the dairy room and also conform with the local municipality rules. currently, the income is increasing due to more customers. Also the grocery has picked well generating about sh500 per day as profit. This has made me expand the business so as to reach the target of about sh 1000 per day or even more. The loan I’m seeking will also help me use the other untapped business gaps
At my rural farm,i'm a farmer growing both the 6 month crops and three month crops like cabbages.the dairy for milk provides a better opportunity to repay back the loan.
in addition,the dairy that is currently handling some 100-200 litres is able to supplement the funds for repayment. The fruit grocery also is able to give me some 400 shilling s on top .this is after deducting the funds that i use in the purchase of the fruits and the payment of the municipality charges.in addition i also at weekends join and write online essays on the Upwork writing.this in addition gives me an extra of 5000-7000 according to the work and the amount of proposals given out
mee ting the demands of the business is among the top priorities in my views that is gettting in touch with the team.the expansion of the business is up o now taking a substantive progress and this has got an impact even though tghe business environment is evr challenging.the loan will basically adress the issue of having a an increase of the stocks and the acquirering of the second supplier who can provide the products needed when one fails.also it will assistin temporal hiring of some assistants sometimes when the demand is high.
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$49.00
Date disbursed
May 19, 2014
Repayment status
On Time
Projected term
8 weeks
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