Loan for a milk frigde
Amos
Subukia, Kenya
$0 to go
100% funded of $150 goal
0
days left
Entrepreneur
Name
Amos
Member since
February 2014
On-time repayments
11 installments • 0%
About Me
I was born in the year 1990 in Nakuru county in subukia constituency.I joined kieni primary school.After the eight year course,i managed to get the required points to join high school.I joined kieni high school where i conducted my four year course.After completing my high school,i didnt manage to join university because of low marks i scored.Due to high competition and lack of jobs,i started my single milk bar business in the year 2012,which i operate up to date.I have been operating the milk bar since then and i use my profits to cover the business' expenses such as electricity and rent.The rest of the ammount i spend on personal uses and save some in my personal account.With the loan i am applying,together with my savings,i will be able to purchase a freezer for storing milk.
My Business
I own a milk bar in subukia town,which is located about 35km from nakuru town.In this business,i usually buy milk from farmers in wholesale prices and sell it at a certain profit.I usually purchase about 80 to 100 ltrs of milk a day.I purchase this milk at 40kshs per litre.After this i sell the milk at 50 kshs per litre,making a profit of about 800 to 1000 kshs a day.This ammount sums up to a total of about 25000 to 28000 kshs a month.I use part of this ammount to pay for expenses such as rent and electricity.The rest c the ammount i use for personal effects and save the rest.My business faces certain risks such that the milk might sometimes go bad and this leads to heavy losses.Also transportation of the milk is difficult since i carry it in cans.
Loan Proposal
Hellow lenders.I am applying for this loan inorder to be able to purchase a fridge for storage of my milk for businesses.After an enquiry,i found out that the freezer costs about 30000kshs.With the ammount from the loan,i will add my savings and i will be able to purchase the fridge so that my business milk do not go bad.Thank you lenders.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Mar 11, 2014
Repayment status
Late
Projected term
2 months
Lenders
Southampton, United Kingdom
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