Loan to add stock to my hotel

Kosima

Kawangware Nairobi, Kenya

100% repaid

Entrepreneur

Name

Kosima

Member since

March 2015

On-time repayments

71 installments  •  66%

About Me

Hi Lenders my name is kosima mpapale born in western part of Kenya. I learned in Eregi primary school in kakamega county and after completing my Primary school Education i did not continue with education due to lack of school fees because my parents were poor. I started farming variety of food which includes maize, Beans, cabbages , tomatoes and Kales.
I started this business because it only requires small capital since I had already been given family land by my parents . This Business have assisted me achieve my goals and take my kids to school. My childrens wants to be Farmers when they grow up because what im doing has inspired them and they want to follow the foot steps of their father. Thank you.

My Business

I m a hard working farmer and what i do is to plant variety of crops and sell them to the community. This Crops are very useful to the community because many people in our village depends on them for food and cash crop. I choose this kind of business because you can provid man power for yourself and No much exprience is needed. The cost of this business is 200 dollars. The profits that i get from this business i use part of it to pay school fees for my kids and save the rest for the upkeep of the business And Expansion of the Business. Thank you.

Loan Proposal

Hi lenders, i kindly request you to support me add stock to my Hotel. Given this Loan , I will buy food staffs as follows, 20 dollars i will buy maize flour, 30 dollars for Wheat flour and 30 dollars cooking oil. This Hotel Business will help me pay school fees for my children and also create employment for the less fortunate people in my community.
This loan will increase my daily profit by 50%. From 20 dollars a day to 35 dollars a day. thank you so much.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$68.00

Date disbursed

Jan 22, 2016

Repayment status

On Time

Projected term

7 months

Lenders

IM

Isak Maaseide

Tromso, Norway, Norway

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