Entrepreneur
Name
Samuel
Member since
December 2017
On-time repayments
89 installments • 18%
About Me
I was born in laikipia north ,ilmokongo village kuri kuri sub-location , mukogodo location, division mukogodo on 06/07/ 1977, in laikipia north county
I started schooling in the year 1986 at dol dol primary school and sat my KCPE exam in the year 1993 and attained 318 marks out of 800.In the year 1994 i joined dol dol secondary school and after along struggle of fees problem due to the poor background i was sponsored by catholics mission based in dol dol i managed to score a mean grade of a c(minus) after sitting my KCSE examination in 1997.
Due to the poor background, my parent who is only my father come from poor background i lost my mother in year 2008 who suffered a disease called cancer and through my background members of the society at large organised a fundraising for the college fees where i joined nicat in nanyuki where i pursued diploma course in computer diploma through from the same sponsorship in the year 1999 to the year 2000 i completed all by then the sponsorship was closed i started my own life
My Business
If given the loan by zidisha which is a net of of 8,000 approximately 121 dollars i will buy goats/sheep in the based livestock auction markets in our area of dol dol ,kimanjo,oldonyiro,kipising which are based weekly from monday ,tuesday,wensday,and friday net purchase per goat is 51.8 dollars which 60.5x2=121 dollars
Purchase of goats/sheep @ kshs 4,000x5 =20,000
Addition of stock for transport @ kshs 4,314 +8,000 capital =12,314
profit @ retail market is @ 4,000x5 =20,000
profit @1 2,000x4 markets per week =48,000
so grand total of loan request is
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Total. Kshs 12,314
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Through this,I am able to expand my livestock by including my goats /sheep at home The extra my loan is to expand my on going business of livestock trade that is still on going will be used my profit to educate my children and also help the two orphans left to us my uncles and her wife who passed through acident in year 2006 in isiolo , By doing so this will increase in come generated my income hence enable complete my loan repayment on time of 4,000 weekly and still remain with a profit ,also it will enable also to increase my profit to 75%,I will be glad if you will consider my request. Thanks in advance.
Loan Proposal
i will buy goats and sheep in stock so for now per goat is 4,000x2=8,000 i buy in wholesale then after a week later i sell at aprice of 6,000x 2 goats/sheep =12,000-9,000 of capital doubling then my profit is 4,000 per month price and and i repay my monthly of 3400 of the loan this means a make a profit of 8,000x30=160,000 monthly i repay my loan even quickly of 2,000 so per the two goats/sheep so i buy each goat 4,000x2=12,000 so my profit after deduction of loan is 12,000-8,000= 4,000 profit per after deduction of capital so the profit after deduction of loan is 2,000 plus the capital of buying the three goats/sheep for next trip is 12,000 per trip this is a total of 12,000 per trip to the livestock auction which means after repaying my loan of 2,000 per week a i still remain with a small profit of 8,000 that shows that my weekly profits are 8,000 if you deduct 2,000 of loan plus my capital my profit is 2,000x 4 = 8,000 for livestock auction is four times a week this livestock auction are kimanjo,oldonyiro,kipsing and dol dol so in every livestock auction is 4,000 profit which is 4,000x2=12,000 then if i calculate the grand total including capital and my profit is =12,000 in this four weeks every trip is 12,000-2,000 loans i remain with 8,000 profit gross budget this means the seller benefits from me and also i benefit as retailer to the butcher who sells the goats/sheep meat to customers so every side benefits according to my supply from seller who is wholesaler to me to the butcher and also zindisha benefits from my repayment and all this trustworthy
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Loan Info
Project Type
Classic Loan
Disbursed amount
$121.00
Date disbursed
Feb 8, 2018
Repayment status
Late
Projected term
21 months
Other loans
Lenders
United States
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