Ferdinand
Busia., Kenya
100% repaid
Name
Ferdinand
Member since
January 2014
On-time repayments
5 installments • 40%
Am ferdnant kanani .I was born and grew up and live in Busia town. i was born 6/9/1991.am the first born of Mr.mike kanani. I schooled at high school .
I worked with the forest ministry as a casual worked foe the year 2009 for six months from February to august. I worked at customs Busia as a cyber attendant with destiny cyber at the information house.
i did the with the IPA in the year 2012 on a project of eradicating poverty in Kenya under Busia district
I joined NIB Collage where I did account intermediate .due to luck of jobs I started a kiosk. I from the business I was able to open an m pesa business from where I intend to start a cyber cafe.
My intention which my business I intend to start my own cyber café come 2015 since I have a certificate in IT and I have been more conversant with computer services.
I have I HP computers so far in preparation for the cyber from my poultry and my job will help me attain my goal of self empowerment the y business
I run a shop in Busia town next to fly emirates bus booking office .My business has an m-pesa at the same time I prepare and sell chips. The business is purely a sole proprietor of which i started with the capital from my savings and the saving of husband
I sell cakes ,soft drinks .sugar, soap, stationery house hold use like steel wool airtimes and sim-cards .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 .so I sell by good to majority
My business is profitable because i have so many customers so the more i serve the more i earn. The challenge am facing is just lack of capital to expand my business the demand is high than I have.
My monthly usage is as follows KES 4000 rent KES 40,000 for the stock and KES 5000 for other expenses. Profit ranges from KES 10000-15000 per month. The loan I will used to modify my business and it’s the business that will repay the loan. And with these I will be able to support my mother and my siblings.
My dream has always been to fly high but have been lacking wings to fly because my business have never found something good like this!!!!Thank you in advance for giving yourself out and lay trust on me to give me and my business wings to fly higher. The money i am going to get from you i am going to buy cereals from Uganda and stock due to the fact that at the the moment the prices are low in Uganda and come and sell then in Kenya at a higher price.
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
Jan 31, 2014
Repayment status
On Time
Projected term
5 weeks
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