Loan for honey stock

Elizabeth

Kitale, Kenya

100% repaid

Entrepreneur

Name

Elizabeth

Member since

August 2020

On-time repayments

13 installments  •  100%

About Me

Thanks for visiting my profile. Am Liz Nganga from Kenya.By professiona am a Dairy Technologist and Sales Specialist.
Currently am self employed but was working with a Dairy firm for 8 years. Am single mother of a ten year old son
Am the first born in a family of four.
In the year 2017 i resigned due to unavoidable circumstances and engaged in private venture which deals with honey sourcing and reselling.

My Business

I source raw unprocessed honey from farmers in the county of West Pokot and resell to different consumers in smaller quantities.

I settled for this venture because it has demand and above being of high nutritional value the shelf life is equally long.

At the moment I don't have a business premises preferably in the town center where i can display my products.
I operate the business based on direct orders therefore getting new clients takes a long time.

This business generates a gross profit of $70 per month after deducting expenses which are as follows,
~Raw unprocessed honey 15 lts =$ 50
~Packaging materials $ 15
~Transport cost $ 15

Loan Proposal

I will source extra honey hence increase the sales volume

Income Source

Currently my business has an income of ksh 2000 this will enable me pay the loan

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$21.00

Date disbursed

Aug 20, 2020

Repayment status

On Time

Projected term

3 months

Lenders

Paul Buchheit

Mountain View, United States

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