Otieno

Busia, Kenya

81% repaid

Entrepreneur

Name

Otieno

Member since

January 2014

On-time repayments

15 installments  •  80%

About Me

Am otieno james .I was born and grew up and live in Busia town.
school I started a business of selling cereals from farming homes and selling them to at the market on my own .the business to help me and my mother to keep life going on .from these business I have been able to pay may computer collage fees .
I started the business with ksh.30,000 which I started t with 8 sucks of maize at 2,500 I did these at Matayos market .after school I had raised enough money that I was able to get to town and secured a place busia market .
I had a lot of customers that encourage me and know am proud because I know by maize from Kenya and sell in Uganda market .
Currently I have a stock worth 150,000 which is so impressive to me which has give the hopes of getting these loan to so as to increase my stock .
I started the business so as to create job opportunity after school and to be able support my family.

My Business

I Am a clearing and forwarding agent at the Busia border with spectra international .apart from that I buy and sell cereals from Kenya to Uganda sofia . my office located at the border at busia communication house on grown flow the first door.
I sell maize, beans and green grams .The demand is high the fact that Busia is situated in Kenya Uganda border so most of my customers are those who want to cross the border especially those who clear the vehicles and these their people who works here in town.

My business is profitable because I have so many customers so the more I serve the more i earn especially those from schools . The challenge am facing is just lack of capital to expand my business the demand is high than I have. and also to get a bigger store for my goods.

My monthly usage is as follows KES 70,500 transport ,KES 100,000 for the stock and 200, 000 for other expenceses like buying sucks .profit ranges from KES 40,000-45,000 per month. The loan i will used to modify my business and its the business that will repay the loan. And with these I will be able to support myself and family with less stress.

Loan Proposal

i will be able to get a bigger store for maize also renovate the present store . about my transport i will be in a good position to get the most fastest mechanism for transporting my goods

these loan will help move move wide in such of my stock because i have depending on maize delivered in town these will give me a chance to got to farms on my own to get the best goods

i will be able to get my boy payed on time since the get me going which their help. i will be able to get bags in bulk on time since i get it challenge when the season is on and i will be in a good position to support my family

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$250.00

Date disbursed

Jan 20, 2014

Repayment status

Late

Projected term

3 months

Lenders

EricDWalters

Rochester, Mn, Usa, United States

investor

Candiac, Canada

P

Philippe

Adliswil, Switzerland

Silver

Steiermark, Austria

LA

United States

A

anonymus

Moon, United States

T

ToddK

Indianapolis, IN, USA, United States

B

Bavarian

Bavaria, Germany

J

JoeSolar

Virginia, United States

J

JakeK

Melbourne, Australia

M

mkellerman

Shanghai, China

C

Caalve

Bratislava, Slovakia

joaoferraz

RINCHOA, Portugal

K

kingcamo1095

Mountain Home, United States

A

anagnan

BRUXELLES, Belgium

Sarasota

Sarasota, Fl, United States

Giucca

Indjija, Yugoslavia

E

Escalada

Bakersfield, CA, United States

C

cranejoad

cazenovia, United States

G

GreenMoney

Lahr, Germany

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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