Kennedy
Baricho, Kenya
$0 to go
100% funded of $50 goal
0
days left
Name
Kennedy
Member since
January 2014
On-time repayments
16 installments • 13%
Am the first born in a family of four,a resident of Baricho town.having completed my O levels at Karimaini secondary school and later attained a catering certificate at Upishi catering schools .Upon completion I got my first employment at where I worked as Butcherman at Cabbanas Hotel in Kerugoya town which is a among the famous hotels around.
I gained so much experience in that sector.
I have managed to start a butchery whereby I sell goat meat at Baricho town.I started the business an year ago after having realized great potential in the business and managed to save ksh 20,000.the business has picked up well since I chose a good location where there several bars and I manage to sell an average of 20kg per day and a kilo sells at Ksh 400.Due to high demand I have decided to expand my business.
My business revolves wholly on meat whereby I buy slaughtered goat at an average cost of KSH250 per Kg from the slaughter house. An average goat weighs between 15kg-30kg. I then sell the meat when roasted at KSH.400 per Kg and sells 20kgs daily making a net average profit of KSH.7000 weekly.I save KSH.3000.
However,the town have since grown radically due to the county government and head quarters establishment leading to population growth.This has greatly increased the rate of meat demand.
I normally offer Quality services and hence able to retain and attract customers.I hence wish to expand to cater for the increased demand.
I am very grateful for funding my previous loan proposal which really boosted my business and may your kindness endure forever. I now wish to present my new proposal which will see me scale to another level. I have managed to accumulate some savings and have decided to cement the floor of the premises to look more attractive and keep up with the current standards proposed by the new devolution rules.
I will exclusively use the funds to purchase the required materials and pay for the labor. Its a small room measuring 8 by 6 feet and will therefore require just a one day work and then wait for at most a week to re-open and continue with the business.
I hence welcome lenders to assist me in funding my project.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Mar 20, 2014
Repayment status
Late
Projected term
2 months
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