Kandie
Nakuru, Kenya
$0 to go
100% funded of $100 goal
0
days left
Name
Kandie
Member since
August 2013
On-time repayments
2 installments • 0%
i have a wife and 2 kids one of then school going i live in a 2 bedroomed self contained rental house. i have a degree in business administration from JKUAT which i completed in 2006 i have been running the business since then., i started this business to earn a living after finishing college and looking for a job which i didnt get. i sell horticultural products which i source locally and sell in the main town's market. the proceeds from the business i use to maintain my family and i have been able to invest in farming business. and my be later into livestock.
My main source of income is my business, i need the loan to add stock. My busines is that of horticulture which i sell and consumed locally. there is a high and growing demand for this products because of the growing population. My pricing is also low and most people can afford since i target the low income population. the risk involved is that of poor infrustructure. My average monthly cost is Ksh 70,000. and i get an average profit of ksh 25000. i will, use the loan to add stock to the business and hope to venture into other products.
- I would like to purchase increase stock of potatoes and carrots, the rainy season is over and there is a high demand now in my market. I would also like to pay for my monthly local authority licence which is paid on quarterly basis. i would like to pay the loan within a month since by then the high demand will be over.
Positive
None
Neutral
None
Negative
4
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Sep 5, 2013
Repayment status
Late
Projected term
2 months
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