Farm and Dairy

James

Kenlands Estate, Kenya

100% repaid

Entrepreneur

Name

James

Member since

August 2013

On-time repayments

28 installments  •  50%

About Me

I’m Onchiri James from the large Onchiri family. currently I reside and do business in Nakuru with a small grocery business and a small dairy handling and selling 100 liters a day. I'd like to extend both business to boost me economically thus seeking a financial support to boost me in realizing my financial goals. Being a graduate in commerce from a local university, I know what it takes to manage a business and expand it to realize the full potential of the support I receive. what drove me into the business is because I identified an untapped gap that I want to exploit it fully. That has employed me instead of the white collar jobs. The funds that I get from the business, I use them to internally expand the business and also to pay the rent for the dairy room and also conform with the local municipality rules. currently, the income is increasing due to more customers. Also the grocery has picked well generating about sh500 per day as profit. This has made me expand the business so as to reach the target of about sh 1000 per day or even more. The loan I’m seeking will also help me use the other untapped business gaps

My Business

At my rural farm,i'm a farmer growing both the 6 month crops and three month crops like cabbages.the dairy for milk provides a better opportunity to repay back the loan.
in addition,the dairy that is currently handling some 100-200 litres is able to supplement the funds for repayment. The fruit grocery also is able to give me some 400 shilling s on top .this is after deducting the funds that i use in the purchase of the fruits and the payment of the municipality charges.in addition i also at weekends join and write online essays on the Upwork writing.this in addition gives me an extra of 5000-7000 according to the work and the amount of proposals given out

Loan Proposal

the second funds will fully be based on the stock increment.the current dairy will improve from a margin of current 100-150 litres for sale.in addition,adding stock to the supply of the compliments for use.the funds will help me get the furniture for use and the glass for use at the counter.this will help me create more room for more customers.at a given point,I'd love to supply milk to the hotels and other food joints.but for now I'll lay the foundations first.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$49.00

Date disbursed

Mar 7, 2014

Repayment status

On Time

Projected term

6 weeks

Lenders

Sarasota

Sarasota, Fl, United States

J

JeffH

United States

A

adiipienaar

South Africa

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