Entrepreneur
Name
Simon
Member since
August 2017
On-time repayments
8 installments • 25%
About Me
Hi,
I am Simon Kinyenje working as a business man at Nakuru town. I reside at Nakuru pipeline just 1km from Nakuru pipeline company. my life i have spend at Nakuru from primary education to university level as i attended anestar sec and egerton university.
the hardship i overcome is fund to capitalize in my business. To start my business i borrowed a soft loan which the interest was very high hence discouraged more borrowing also from my career point of view i have done Agribusiness management which ignite me to invest on businesss, this is due to skills in learnt in that course work. The unique thing in our culture is how everybody believe in business investments. On career of my children is they like being Doctors and Nurses. My Unique hobby is reading kenya gazzette and watching soccer. My mission is to professionally exploit my skills, energy and experience towards quality and quantity output in the
field of Agriculture and Business related fields, with high level of competence and integrity for the
betterment of Kenyan people and the world at large.
My Business
My business deals with agrochemicals, that is i buy products from main distributors and sell the to stockiests and i supply thro motorbike. These products are very usefull to farmers as i deal with products from twiga chemicals, bayer east africa, osho chemicals and sygenta ltd. I like this business because it help me grow as i meet more farmers do do marketing about the products. Averagely total cost and revenue varies with seasons as the farming is all about seasonality but it is around 80,000 cost and frofit per month is approximately 15,000-20,000. My profit i use it for daily bread, incooperating back to the business, schoolfees to my kids and home improvement.
Loan Proposal
Having been in a business of buying and selling agro-chemicals i will use the money to increase my business inventory. For example fungicides is what i will purchase first as it cost 102$/1kg. buying that fungicide at that cost i will be able to sell at 105$/1kg. with that margin i can be able to make profit of .03$/1kg.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$13.00
Date disbursed
Aug 24, 2017
Repayment status
On Time
Projected term
7 weeks
Other loans
Lenders
Taiwan
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