Entrepreneur
Name
Charles
Member since
March 2011
On-time repayments
70 installments • 37%
About Me
I am Charles Buri Muchemi. My parents live in Ngarua while I live in Nakuru. I at a place called Bahati have one wife and one child.
My Business
I usually buy goats and cows in Ngarua and transport them to Bahati where I keep them in a pen and feed those that may be weak as I sell them to the buchermen at a profit. I use a lorry to transport the animals and have to apply for a permit to do so from the authorities. I usually go back to Ngarua when the stock is complete. It takes about two weeks to complete the stock. Sometimes the stock takes longer than this. However I am only able to transport few animals at a time. I would prefer to buy more and sell them at a whole sale price so that they can take shorter time to clear the stock. I can also diversify so that I can include the other animals such as chicken where I would buy from farmers and slaughter and put them in a freezer to sell them to the customers for consumption.
Loan Proposal
Having bought the cereals during the harvest season of the maize, iam holding it back for some months and intend to sell it in the month of june when most of the parts in the country will not have the grains. At that time the profit is usually very good.to a tune of 100% . I therefore intend to increase this stock so that i can maximise the returns.
Feedback
Positive
14
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,000.00
Date disbursed
Mar 9, 2012
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
Sarasota// Phnom Penh, United States
Nanaimo, Canada
Oslo, Norway
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