Groundnuts for peanut butter

Carolyne Okoth

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Carolyne Okoth

Member since

October 2014

On-time repayments

126 installments  •  67%

About Me

Im Carolyne okoth, Kenyan citizen , who grew up in a remote area in Uyoma. i did my primary school in Kagwa primary, went to Nyakongo girls high school in Rarieda county.I pursued a diploma in Applied biology then later i pursued Degree in Public health and i'll be graduating on the 27th may, 2016. The most hardship i ever encountered was when my parents had differences and i was between them. though i was a child but i had to sit them down and talked to them and this helped them up to date they are still together, whenever they are in problems they remember my words and sought out there differences.
During my high school years i had this great desire to for business. I used to admire my friends operating businesses. The desire for business was so great that i looked for every opportunity to go for free business seminars. When i joined college, my ambition for business continued and this led me to start saving from my small pocket money i was given by my parents and that was how i started my small business of clothes, came and sold them and got my interest continued with the business. On the 28th April, 2016 i attended a Young Entrepreneurship forum and was issued with a certificate. I also did an online course in Entrepreneurship organised by Young African Leaders Initiative ( YALI).
My children are very motivated the way i do things, they always say that when they grow up they want to be as aggressive as me. I like socialising, cooking and making new friends.

My Business

Iam a business woman. The owner of Carol's Entreprises that deals with poultry farming, run a beauty shop and at the same time sell peanut butter.. Broilers are really in demand both in the hotels and to the individual customers. Peanut butter is also much in demand, since its natural without any additives so many people prefers it. i choose to rear chicken because i saw the way people could hustle around my Estate looking for broilers , this really motivated me and i started it. The profit i use both to pay school fees and reinvest in growing the business. I have also been running a cybercafe for the last one year. I started the cybercafe with two computers and now its grown until now i have four of them. Due to the big demand i would wish to expand it abit more.
Kenya has been ranked third in a global survey of economies projected to register the fastest growth this year, placing the country ahead of other emerging markets in Africa.This mean more investors, companies and job opportunities that will help young entrepreneurs. For this , they need competent entrepreneurs which i 100% believe i am.
20 tins of groundnut gives me 50tins of peanut butter when processed. 1tin of peanut butter costs 3 dollars so 50 tins of peanut butter will give 150 dollars in 2 days sales. After taking out the expenses i will have 75 dollars as my profit in 2 days sales
I chose to venture into businee since first of all it gives me satisfaction, secondly i get to meet people's needs and help them come up with applicable solutions and lastly it puts food on my table.
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Loan Proposal

Thanks once again. I intend to buy more stock of groundnuts so that i can produce more peanut butter for the customers. The cost of groundnuts is 200 dollars.Increased production of peanut butter means more customers hence good profit margin. This will enable my peanut butter business to grow.

Feedback

6

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Loan Info

Project Type

Classic Loan

Disbursed amount

$206.01

Date disbursed

May 26, 2016

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $8.44

Lenders

A

alfredo

Bremen, Germany

H

Heja

Hamburg, Germany

investor

Candiac, Canada

S

SovTempest

Toronto, Canada

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

O

Oliver

Geneva, Switzerland

DeanDropshot

Oslo, Norway

T

traderjohn

Baltimore, United States

Pere

Barcelona, Spain

J

JakeA

Wellington, New Zealand

C

cjmenchaca

Austin, United States

Kysera

Crawfordsville, United States

B

blahblah

Nuernberg, Germany

HansLindgren

Uppsala, Sweden

TheWhiteCat

Surrey, United Kingdom

HE

help each other

Glasgow, United Kingdom

T

tonilends

catalonia is not:, Spain

indeh

London, United Kingdom

Cloudways

Malta, Malta

T

the0bauman

Hillsboro, United States

ads68

Melbourne, Australia

Bhayl

Stavanger, Norway

M

mkellerman

Shanghai, China

basicus

Cairo, Egypt

JC

Jordi Cohen

New York, NY, United States

fairspirit

Utrecht, Netherlands

M

Morgue

Brighton, United Kingdom

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

neocodesoftware

vancouver, Canada

gseletko

South Perth, Australia

tonnyschonewille

Maastricht, Netherlands

dmirpuri

Bangkok, Thailand

Matthieu

Switzerland, France

xtrahardware

Cazenovia, United States

E

E

Marin county, United States

Evan Lamos

Brussels, Belgium

G

GanSatya

United States

B

BobHope

United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

pvilliger

Zurich, Switzerland

M

Malibu

Westwood, United States

M

microlender

United States

D

drorm

United States

S

spivurno

United States

Paul Buchheit

Mountain View, United States

J

jay12

Germany

K

Karpet

Faroe Islands

H

hodor

Australia

R

RonEddy

United States

TyWee

Manila, Philippines

I

idris

United States

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

Dave Bogard

New York, United States

Family Mueller

Petershagen, Germany

N

Niels

Berlin, Germany

Robert

Sweden

Jamie

Dublin, Ireland

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

HCPSPIRIT

Helsinki, Finland

A

Anonymous

United States

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