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 have already booked 5wks old quails which in the next one month they will be laying eggs of which from there they will be able to repay the loan comfortably. Before they start producing I will be repaying my loan first one month from the sales of my current stock of quails I have which I get 10eggs a day and I sell at ksh 70 to my family and friends who are using them for medicine value. I want this loan to increase my stock because the demand as grow tremendously due to awareness of eating and living healthy to prevent one from the killer diseases like cancer, Aids etc. I also intend to increase my kienyeji chicken due to the demand of its meat which is sweater and healthier than the broilers and also its egg r better than the layers because they are fertilized hence have health benefits.

Feedback

1

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$250.08

Date disbursed

Jan 26, 2014

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $2.38

Lenders

M

MattLondon

London, United Kingdom

R

RohitSingh

Montreal, Canada

D

dajja

Stockholm, Sweden

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...