Hass avocado business

Frank Mutuma

Donholm Phase 8, Kenya

100% repaid

Entrepreneur

Name

Frank Mutuma

Member since

January 2014

On-time repayments

138 installments  •  72%

About Me

I am 38yrs old, Kenyan citizen, first born in a family of four, I hold a Diploma in IT. Am from Meru county but I reside in Donholm. Am employed by KPLC. am married and expecting first early next year.

My Business

I got a space within Donholm where i live to setup a car wash. Happy i the got and its a great venture because its within residential area where there so many cars due to high population living around. I will be charging $1.50 per car and lorry $5,will have 3 employees, 1 washing machine and will install cctv cameras to monitor number of cars come and go when am at my normal work. with $700 dollars am able to setup and start running in a 1 week. i have $150 with me. investors i need to raise the balance to achieve my goal. i target to clean at least 20 vehicles in a day hence i will be able to repay my loan without much struggle every week.

Loan Proposal

i will be able to buy at least 10 tonnes per trip of which am short of 500$.i will me paid on cash on delivery mood and i will be doing minimum of 2 trips per week of equal to 20 tonnes in a week at a cost of 800$ to 950$ . i will be buying each avocado at 0.05$ and resell at 0.10$. when i include logistics, loading and offloading labor, plus county government fee all totaling to 0.03$ hence left with a profit margin of 0.02$. am in the process of attaining all government documents needed to do the business.

Feedback

1

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$510.01

Date disbursed

Mar 6, 2017

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $21.53

Lenders

Paul Buchheit

Mountain View, United States

CC

Catherine CatDesignz

Halifax, United Kingdom

PG

Paul Graham

United States

PR

Paul Rausch

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

Ask Frank a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...