Entrepreneur
Name
Simon
Member since
February 2011
On-time repayments
36 installments • 44%
About Me
am single man living at kimbogo location with a buchary, located at Munanda center,
My Business
butchery business which i stated 3years ago am o level what i purchase ihave enlaged my business and emproyed 2 wokers i usualy sold soft and teder meat i do slaughter 2 bulls per week, each at a cost of approximately 12 000, after paying all the bill, ie house rent 2,000, electricity 300, employees 5, 700 other cost eg slaughter house fee, veterinary fee and paying to myself ksh 7000 every month i make a profit of ksh 5 000. challenges in the business includes high competation, middlemen.
Loan Proposal
if given the second loan, i am planning to purchase a posho mill worthy ksh 40000, use the remaing remaining ksh 20000 in installation. currently i have managed to save and buy 20 bags (90kgs) of maize which i am to mill n sell flour. currently a 90kgs bag costs ksh 3000. (3000/90=33 per kg) . i will sell the flour at ksh 50 per kg hence =ksh 4500 hence a profit of kshs 1500 per bag. having in mind the larg population who will buy n other needs the services of the Miller, i will be able to pay all the bills n make a good profit.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$733.00
Date disbursed
Jun 15, 2012
Repayment status
Late
Projected term
25 months
Other loans
Lenders
Southampton, United Kingdom
Sarasota// Phnom Penh, United States
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