Fridge purchase

Ruth Wanjiru

Moi's Bridge, Kenya

100% repaid

Entrepreneur

Name

Ruth Wanjiru

Member since

October 2017

On-time repayments

28 installments  •  93%

About Me

My name is Ruth Wanjiru Ngugi born in Trans Nzoia County in Kenya in the year 1985.
I started school back in the year 1990 and finish my primary education in the year 1999 after passing the National Exam I got an opportunity to join secondary education in the year 2000.
My secondary education had a lot of challenges since my parents had to sell maize and beans to enable me complete my education .After completing my secondary education I had to stay at home and help my parents in the daily chores of maize planting since it was the only way of earning income.
The little income I earned from the sell of maize I saved it and opened my business which I started selling milk to my neighbours since milk is inadequate in my sorroundings.
In my own time I like reading and getting knowledge on how to improve my milk business.

My Business

In my small milk shop I sell milk and milk products.Milk in my area is of high demand since it is an semi arid area where milk is very inadequate.I chose this kind of business since my area is populated and hence the demand of the product is too high.In the sell of milk I get a profit of Kshs.2000 per day and this profit am using it to pay my children fees and reinvestment in growing my business.

Loan Proposal

I want to buy fridge to preserve milk so that my customers in the morning cannot go to their jobs late.At the same time pupils and students needs to have tea very early.It will enable me to preserve more milk for early customers.The equipment will cost 300 dollars and it will enable my business to make 20 dollars of profit per day.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$197.64

Date disbursed

May 16, 2018

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $8.75

Credit risk payment: $17.50

Lenders

Stefano Bertolo

Luxembourg, Luxembourg

Richard Griebe

La Jolla, United States

John Minges

United States

Tom Eggert

Madison, United States

W

Will

United States

E

Euge

Argentina

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