Loan to add stock of maize, peans and beans

Monicah

Kiboronjo, Kenya

6% repaid

Entrepreneur

Name

Monicah

Member since

April 2017

On-time repayments

53 installments  •  38%

About Me

My names are Monicah Wanjiku Njogu. I was born and raised in Kiboronjo Lower Subukia. I live in a family of eight that is me, mum, dad my two sisters and three brothers. I am the second born. I joined Winyumiririe Primary school and later joined Umoja secondary school. After graduating from high school I have been doing different kinds of jobs before I finaly settled on self employment. I am a Christian that believes in God

My Business

I have doing different kinds of jobs, upon completion of my high school, I went to Nairobi where I was employed in food joint. I started saving money which was then my starting capital for my business. I buy cereals that is maize, beans, peas, ndengu during the harvest period in which the price is low. I store them and sell them later at high price where they are scarce in supply and during planting season. When the harvest is not much am forced to buy my goods in far area where the harvest is much higher then transport them in my area to satisfy my customers need. Am able to sell 2 bags each 90kg combined goods per week when the business is low and above 5bags each 90kg when the business is doing well.

Loan Proposal

Hello Zidisha,
Am taking this chance to appreciate your work on helping me. I am thankful for the previous loan and therefore am applying for this other one. I have plans on expanding my business and therefore require our assistance on the same. I want to add 60 bags of maize which will cost 3000 USSD as the price is low since the harvest is on going. I would like to also add 3 bag of beans since i have some remaining in stock. I want to preserve the maize and beans for future sell as the price will increase due to the season change. the remaining amount would prefer to add peans to sell for planting period. I will be grand for your support and thank you for your help.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$509.00

Date disbursed

Sep 5, 2017

Repayment status

Late

Projected term

118 months

Lenders

Craig Newmark

United States

DY

David Yang

Vancouver, Canada

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