Entrepreneur
Name
Benson
Member since
May 2015
On-time repayments
246 installments • 72%
About Me
My story in childhood is that i was able to join kim's kindergarten which was just opposite our home later i joined mirangine primary school. after that i joined mikeu secondary school and the grade that i got could not help me to join university. i started hustling up and down looking for better life.through all this process i meet many difficulties that i almost loosed hope and i had to go back home and started small scale farming and little by little i found that i could make it. that season i had planted maize and it did well that i was able to get 309$ which i moved with them to start a shop in nakuru-langa langa.
My Business
My business is currently doing good cause the products that i deals with have to be consumed each and everyday. my shop deals with home basic needs that is; sugar, bar soaps, cooking fat, all types of detergent,flour, soft drinks but though its small i hope to expand it in future.
the cost of my business are;
rent=82$
license per year is 123$
all product cost is 500$
my daily need 3$ my monthly income is 144$
total profit 59$
Loan Proposal
Am really filled with gratitude in my heart for the wonderful support i have been receiving from you. It has boosted my shop to greater height and due to this i found a business opportunity of introducing milk sale to my costumers. i saw this need and demand from my customers and i have started and its picking up well but am realizing that i really need a freezer machine which will help me so much to preserving the milk and by this i will be able to store and sell the milk in large quantity and a quality one and by this it won’t be damaged easily therefore i will be able to make a good profit which will help in saving and loan payment. Each litre of milk is 0.8$ and i buy at 0.4$ from the farmer direct making a profit of 0.4$ profit per litre. Currently a day i sell 80 litres with a total profit of 32$ a day. With freezer i will be able to increase amount of milk to 120 litres since i will have good storage hence making a good profit of 48$ a day.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$333.00
Date disbursed
Dec 1, 2018
Repayment status
Late
Projected term
28 months
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