Entrepreneur
Name
Joyce
Member since
November 2012
On-time repayments
11 installments • 0%
About Me
MY name is JOYCE DZENGA A RESIDENT OF MAJEGO CENTRAL IN MALINDI TOWN,AM MARRIED WITH 5 CHILDREN WHO ARE ALL WORKING IN DIFFERENT PARTS WITHIN KENYA.I SELL CHARCOAL AND FIREWOOD WITHIN MALIM\NDI i started this business inorder to earn for a living and also getting my daily bread.from the earnings am getting i use them for the payment of school fees and for the improvement of my family.
My Business
I SELL CHARCOAL AND FIREWOOD WITHIN MALINDI CENTRAL the charcoal am selling of neem tree .there is demand for this because many people around can not affored the electric bill.my customer are very prefed my charcoal because they burn very quickly and does not produce alot of smoke.the business is profitable because there is market.gross profit is kshs 15,000 and the expenses like the transport of the charcoal and the firewood is around 10,000 and net profit is 5,000
Loan Proposal
I will use the loan to purchase three lorries of firewood.This shall cost about Kenya shillings 15,0000.This shall also generate about Kenya shillings 8,000 in one sale.I will also use Kenya shillings 20,0000 to purchase fifty bags of charcoal for sale.This is intended to generate about Kenya shillings 10,000 after selling.The rest shall be used for transport and minor renovation on my shade.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$471.00
Date disbursed
Dec 23, 2012
Repayment status
Late
Projected term
12 months
Lenders
London, United Kingdom
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