Entrepreneur
Name
Zephaniah
Member since
August 2016
On-time repayments
313 installments • 81%
About Me
I'm a 30 year old man engaged currently in transport business.
I'm married with a family of 3 children who are all schooling.
I'm the sole bread winner although we used to work together with my wife on the farm.
I lost a lease on the farm I had leased and therefore decided to use the savings I had kept to acquire a second hand motor van which I use for public transport.
My Business
I'm currently engaged in public transport business with the van I acquired. The van is like a taxi but with a 14 passenger carrying capacity. The business is organised in such a way that you operate on a given route and is fully regulated by various government agencies.
In the same industry one can choose to operate long distances across the country or short distances within the city or rural set-up. I operate on short distances within the city.
Loan Proposal
I expect to purchase new farm inputs since the part for expansion is already cleared. This will cost me up to 10000. Fertilizer that I will buy will be supplementary since I already have my own compost manure.
I also plan to expand my chicken farm by purchasing new chicks as well as construction of the site that I will use to rare them. My calculations come up to 10000 inclusive of feeds although I will have to supplement with my own feeds.
I expect my profits to double since I will be able to meet the demand for vegetables and since my chicken farm is expect to do well then my profits will double since my income stream has increased.
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$286.00
Date disbursed
Sep 21, 2016
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
Ask Zephaniah a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Dean Suminski Jul 25, 2017
Loading...