Loan to buy rice, beans and maize

Ibrahim

Ruaraka, Kenya

100% repaid

Entrepreneur

Name

Ibrahim

Member since

May 2016

On-time repayments

174 installments  •  50%

About Me

I grew up in nyamira district in a small town known as Nyamataro within kerema district found in the current Nyamira county. This is where i did all my schooling both primary and secondary education. my father is a tea farmer, and i come from a family of 7 , three brothers and four sisters, so i struggled to gain my education. i managed to complete my secondary education. i later joined a local polytechnic where i did some mechanics. By doing this i was able to raise some monies with which i bought the daily needs of my family such as food clothing and money to educate my daughters

My Business

I run a small shop where i sell spare parts . i specialize in selling motorcycle spare parts. i started by reparing motocycles ,but i later opened a shop for spare parts, since i realized that this was easy and its income was a bit stable and i could be more indipendent.
i decided to do this business because, most people use moto cycles where i live, and most times they needed spare-parts and repairs to be done for them.
typical cost for my business is paying rent for the small house that houses my business. i pay for electricity and city council revenues.
the small i get from my business, i save and pay fees for my children, because i want them top have a good future

Loan Proposal

I normally supply grains to a primary school that is within my neighbourhood. I normally buy rice, maize and beans in sacks of 90 kgs.
One sack of rice costs 60 dollars, maize 40 dollars and beans 65 dollars.

I intend to supply 3 sacks of each to this school when schools open in January for a profit.
Budget- 3 sacks of rice-180 dollars
3 sacks of maize-120 dollars
3 sacks of beans at 210 dollars

Thanks alot.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$397.00

Date disbursed

Dec 28, 2016

Repayment status

On Time

Projected term

8 months

Lenders

C

Christian

Saarbruecken, Germany

MD

Miles Dodge

CORVALLIS, United States

Humble Bundle Community

San Francisco, United States

R

Ralf

Germany

A

Anonymous

United States

WC

Walter Clarke

Phoenix, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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