Entrepreneur
Name
Nicholus
Member since
July 2016
On-time repayments
137 installments • 70%
About Me
My name is Nicholus Kai Haro aged 45 years. I am married to one wife and have 3 children. I have a bachelors degree in education majored in Special needs education. I am ateacher by profession teaching the mentally handicapped children in my country kenya. I have been in this profession for the past 17 years and I am the teacher in charge of the special Unit for the mentally handicapped children in the school. I am an employee of Teachers service commission. Beside being employed I am a business man.
My Business
My business started as a small retail shop dealing with food items and incorporation of green vegetables and little bit of cereals but has now grown to a big business.
My goods are in high demand because I always buy goods of high quality and fresh, the business premises is ever clean and tidy, the business attendants/ shop keepers use good and persuasive language.
I chose the business because the demand for the food and vegetables items was so high in the area and the supply was low and limited.
The typical costs and revenue include costs of the items, power, tax from county government. The income is able to cater for the cost and revenue , repay zidish loans and be able to cater for other development activities. So there is
alway profit.
I use the profit for education of my children in schools, reinvestment as in the case of my rental business house and improvement of my home and genera improvement of my life status.
Loan Proposal
I will use the loan fund to buy;10 bales maize flour@1000=KES10,000, 5 bales wheat flour@1300= KES6500, 2 bags sugar@5000=KES10,000, 5 jericanes cooking oil@2850=KES14250, 4 bags rice@1870=KES7480, 10 cartons milk@740=KES7400, 3 crates of tomatoes@ 2000=KES6000, 2 bags potatoes@4500=KES9000,2bags cabbages@1200=KES2400,2bag onion@5000=KES10,000.All totalling to KES 83030(798.4 dollas) and use the balance for transport. 30 percent profit increase.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$834.00
Date disbursed
Aug 9, 2017
Repayment status
On Time
Projected term
3 months
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Ask Nicholus a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Sandi Smith Oct 29, 2017
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