I will use the loan expand my business

Grace

Mombasa Island, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Grace

Member since

January 2014

On-time repayments

166 installments • 9%

About Me

I AM GRACE KAMAU. iam a business lady who was born in kenya. i went toprimary and secondary school in kenya and obtained a degree in food, nutrition and diet from the nairobi university which is in nairobi kenya.. we have grown on a very humble back ground as a family of 6, at the moment i live in the coastal region of kenya trying to make ends meet. i hatch eggs and sell chicks, i also run a clinic for nutritional treatment and massage. i started the business 5 years ago. i started my business because i had a grandmother who died of cancer and so went into research
to find out how to manage this killer disease. thats how i started the clinic. i also rear rabbits and keep goats and cows. i use some of my earnings to help needy cancer patients, to add more stock and expand my business, to pay rent and to earn a living. I need the loan for business expansion for i need to put up a lab and a gym at the clinic.

My Business

I started my business which is called fight for cure in 2008, its 5 years since i started the business. i hatch eggs which i in return sell as chicks after 20 days, or bring them up and sell the eggs after they are grown, the average income per month depending on what i put in is normally double what i input in the eggs. if i input 200,000kshs i get 400,000kshs which is a very good output in any business. from the other business like rearing rabbits, cow milk, manure, hides, meat e.t.c i get
roughly $10,000 per mth because i still have a few animals. The reason i
need the money is to expand the business which will repay itself in a very few days. my business has no competition and is very profitable since it gives you double of what you input every month. at the moment the only risk is lack of power but i will invest on a big generator to cut down risks. i will use the loan to invest in the business and am sure to repay it in very few days.

Loan Proposal

I need to put up structures for my poultry farm which will lead to higher income and hence more savings. thank you very much for the previous loan and i pray that i will continue growing step by step. I need to add more stock due to the rise in demand of my products. This will therefore enable me to pay my loans very fast.