Entrepreneur
Name
Kennedy
Member since
September 2015
On-time repayments
92 installments • 39%
About Me
schooled in the village and later joined town for university. have burned charcoal to help in paying my school fee. i started business by selling sweets, scratch cards, milk and sugar. in my culture, people believe that business is for those who are not schooled. the is no problem with trying but there is a problem with not trying. i would like my children to emulate hard working spirit. am a good dancer and like reading inspirational books like poor dad rich dad.
My Business
mechanical work and body work. cars get spoiled hence needs repair, accidents are also common i our roads thus need for body work. this business is paying well and also enhances relationship with customers. spare parts are, labour, electricity are my cost. revenue labour charge and spare mark up. profits i use to improve the business.
Loan Proposal
I will purchase fish $20, I will buy frying pan at $10, I will pay business rent at $ 5, I will buy packaging materials at $5, and buy chairs at, $10.
This would be a source of income to me and my family. it will also benefit the community who would walk for upto 2km to get fish. They will now have fish within their door step since I'll be doing door to door delivery.
I expect to generate a profit margin of $2 per fish per day and am planning to purchase 20 fishes, that translates to $40 per day.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Sep 1, 2016
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
Portugal
United States
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