Name
Stephhen
Member since
December 2012
On-time repayments
39 installments • 54%
Am born and raised in molo in mona village,am married with two children in primary school and the other one at home.i sell ground nuts in buruburu next to jimlizer hotel.my educational back ground was not able to finish my primary school due to lack of finances .my parents were not able to finance nmy schoool so i decide to vcenture in to business with my level of education i want able to secure a job so i started selling second hand cloths then left to ground nuts.i stop selling clothes because it was door to door and it was seasonal,so i stop for groundnuts because its profit was huge comparing to my business
i sell groundnuts and boiled maize at buru buru next to jimlizer hotel. I started the business with some savings which I got from selling second hand clothes. There is demand of goods because the services, quality products, customer care compared to my competitors. The challenges facing the business when maize is out of service, the demand grow low, I run my business in an open air, so which makes it hard day if under scorching sun. When prices get hiked and am not able to pass them to the customers. Given the way I will expand the business open more brands. Montly costs 150,000 Ksh, profits 40,000.
i sell boiled maize and groundnuts,the loan will help me to expand my business and open more branches.i buy a sack of groundnuts at ksh 13,000,i also buy maize everyday ksh 1,000 and half bag of sack of white groundnuts.this amount will save great deal,and the remaining savings will help of daily to daily running of the business.
The loan will help me and my family,be more stable in the business.
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$235.00
Date disbursed
Mar 25, 2013
Repayment status
On Time
Projected term
12 months
Other loans
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