Expand food business

Vincent Nchoga

Githurai 45, Kenya

4% repaid

Entrepreneur

Name

Vincent Nchoga

Member since

February 2015

On-time repayments

25 installments  •  60%

About Me

At childhood I desired so much to be somebody great in business.After my form four education due to financial obstacles,I ventured in business which at fast seemed to bear do many challenges.In fact with God and a lot of persistence I managed.My business is strategically placed with a very high population which makes my business successful.I have one daughter who is in school and she has great dreams of becoming a pilot.Lastly,for those years I have been in the business it has been great and exciting.

My Business

My bisiness majors on selling of goods.I ventured on selling chapatis because the population is too high hence high demand of my product.I decided on this type of business because this is a basic neccesity to everybody.This business yields good profit which I channel in school fees,expanding the business and investing.

Loan Proposal

Am so much optimistic about the loan am applying because th plan i have about it is thatif all goes well and funded,i will expand my business more and buy more stock with a good manner.35 dollars i will be spend to purchasing unga ngano, 15 dollars to buy cooking oil, 5 dollars to buy banking powder,1 dollar to buy sugar. I will buy in wholesaller so that i will get more profit than before.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$258.75

Date disbursed

Nov 16, 2015

Repayment status

Late

Projected term

61 months

Cost to entrepreneur

Service fee: $11.30

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