Funds to complete a modern house for my parents
Obara
Currently I Live In Maua Town In Meru County., Kenya
100% repaid
Entrepreneur
Name
Obara
Member since
April 2014
On-time repayments
344 installments • 96%
About Me
I am a businessman and a farmer at the same time.I operate a curio shop in Maua town found in Meru county.I also have dairy cows at my rural home in kisii county.
My Business
I have three dairy cows which give me around USD 825 per month on top of my earnings from a curio shop of $530 per month. My average cost to run the business per month is $177 for the shop and USD 150 in my dairy cow farming per month. I also do online assignment with Brainy Writers who pay twice in every month. I do get an average of $352 per month. Their payment is made on 5th and 25th of every month.The only cost I incur to do these assignments is $12 for internet bundles monthly. The only risk involved in my curio shop business is that i deal with fragile goods. For online assignment, the risk involved is that sometimes orders are few for one quarter in a year. This makes me make an average of $60 per month.
Loan Proposal
The loan will assist me complete a modern three bedroom house for my parents.It is at the stage of roofing and then plastering.The funds I will get from this loan will enable me buy roofing materials at around kes97,000 and pay labour of kes25,000.My parents have been living in a mud built house for long and am glad now that I will make their lives a bit comfortable by end of this month.
Feedback
Positive
3
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,098.00
Date disbursed
Aug 17, 2018
Repayment status
On Time
Projected term
22 months
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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