83 installments • 0%
My name is Ouma John , aged 29 and stay in Nakuru, Kenya. I am the son of Mr. Gerald Ouma Ochuka and Mrs. Winnie Nyanganyi Ouma.I am the third born child of five siblings, among them Gad Onyango Ouma, Judith Vivian Ouma, Ezekiel Onyango Ouma and Walter Ouma.I am a graduate with Bachelors Degree in Economics from a local university. I am a husband to Jeniffer Aoko and a fsther of two sons and a daugter, who are John Odhiambo, Jerry Ochieng and Jane Adhiambo, who are 8, 5 and two years of ages respectively. I run a personal business that deals in purchase sales of various foodstuff from different companies in and outside Kenya. I also deal with hardware.
My business name is upfront General investment company Limited. It is a personal business that deals in purchase sales of various foodstuff from different companies in and outside Kenya. I also deal with hardware. It is situated in Nakuru town CBD, and employs 2 employees. With the assistance of my wife and my younger brother, I have been able to successfully and positively expand my business from small to medium business. It is able to generate me an approximated interest of 30000 Kenyan Shillings in a month. This enables me to pay for my house rent, daily house expenses and school fees for my two schooling children. with that, I am certain that I can comfortably service the loan, should I be granted.
i will use this loan together with my current savings to buy starter culture [Thermophilic cultures] a major recipe in yoghurt production. small and medium scale production of yogurt have increased leading for high demand for that particular commodity.on average i get a profit of KES 250 on sale of one sachet of a starter culture. this would mean KES 25000 as profit upon sale of 100 sachets. upon payment of this loan, i anticipate high credit limit that will enable scale the business professionally to greater heights as i also improve on my hardware.
Feb 23, 2014
Cost to entrepreneur
Lender interest: $149.80 at 10.03% annual rate over 19 months = $23.98
Service fee: $8.45