Start selling local eggs at my vegetable stand

James Mwangangi

Makindu, Makueni, Kenya

5% repaid

Entrepreneur

Name

James Mwangangi

Member since

January 2014

On-time repayments

255 installments  •  11%

About Me

I am married with two kids, a boy and a girl. I dropped out of my secondary school education while in my first term -Form Four due to lack of school fees and exam registration fees. This was back in 2004. I decided to look for casual labours around my village where I managed to be employed by one farmer, who does horticulture farming earning a salary of $45 per month until 2009.
Whereby I complained and said that the salary was very small because it is this year when I married and got extra needs of wife. My salary was added up to $50 per month which was still small and I decided to leave the work and start a small business of selling vegetables at our Makindu down town market up to date and my family depends on this business.

My Business

I sell vegetables in Makindu down town market and this does well especially during market day and it is always on Monday. My business is not big is a small one of about $100. I sell tomatoes, sukuma-wiki (kales), spinach, potatoes, carrots, onions, peppers and cabbages. The loan that am applying will enable me to add more vegetables of different varieties and also add fruit business because I see they hard of my customers have asked me several times. This is what am planning to do with the loan as I look forward to growing and expanding in terms of business.

Loan Proposal

I will use the loan to add more vegetables commodities and fruits of about $150. Inventory of eggs from indigenous hens of about $150 and eggs from layers of about $150. My customers have asked me eggs for a long time and I have promised my customers that i will be sellings eggs to them very soon .kindly lenders support me to keep this promise life.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$442.89

Date disbursed

Sep 2, 2014

Repayment status

Late

Projected term

54 months

Cost to entrepreneur

Lender interest: $442.89 at 2.77% annual rate over 54 months = $54.97

Service fee: $71.69

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