Loan to buy three goats for rearing and resale

Abigael Marimu

Kawangware, Kenya

100% repaid

Entrepreneur

Name

Abigael Marimu

Member since

November 2014

On-time repayments

63 installments  •  48%

About Me

Am 25 year old entrepreneur. I was raised up in Western Kenya and studied both Primary and Secondary Education there. When I finished in 2010, I came to Nairobi to undergo my college education which I did successfully and graduated in 2011 though I had difficulties in raising my fee. Entrepreneurship was one of my dream careers since employment in Kenya nowadays is a tall order to get.

My Business

I started doing business of selling local foods while in college in 2011 January. I could cook some Githeri(mixer of beans and maize) and then sell to people a long the main Naivasha road. In 2012December, I improved my business from what I was earning.Per day, I could save 700kes until when I got a room near where I live, my earnings improved to 1300Kes daily. This was facilitated by the good savings, and adding up some new products to my business like cooked rice, Chips and fruit juices.I now want to improve it further to make it a hotel where people can sit and order whatever they want to eat. Please grant me.

Loan Proposal

Dear Lenders, first I would like to thank you for the support you gave me in the recent loans that I borrowed. I would like to state that the loan helped me to do a lot and it really improved my food Kiosk which has always supported me feed my family.
Through my savings I have been able to save Kes20000 which I intend to invest in a new venture. I have done survey and found that Goats business is the talk of the moment in our community. this is actually because of a Easter holidays a head.
I therefore would like to raise 14786 which I intend to add to my already saved cash so that I buy high breed Goats for rearing and then I sell them during Easter holiday.
One goat costs Kes. 4000. I have a budget of at least 10 Goats which I anticipate to get a high profit of Kes30,000 which will help me reinvest the money and also repay the zidisha Loan.
Typically, all the money am raising here will help me buy the goats for rear and resell.Kindly lend me.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$164.62

Date disbursed

Feb 16, 2015

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Lender interest: $164.62 at 6.08% annual rate over 5 months = $4.40

Service fee: $2.71

Lenders

C

CWS

Huntington beach, ca, United States

R

rlajoux

Bangkok, Thailand

J

johan

Oslo, Norway

D

drakekids

Greensboro, United States

Y

yop324

Ottawa, Canada

P

Philippe

Adliswil, Switzerland

J

JLewe

Atlanta, Georgia, United States

A

andyfletcher

I want my "My loans" page back, Qatar

Johnny

shanghai, China

M

manup0d

Langen, Germany

Pere

Barcelona, Spain

rfriedenberg

New Jersey, United States

Eduard

Dnepr, Ukraine

G

gamblyjoe

Spain, Spain

T

TurgayAlihos

SOUTHBANK, Australia

Evan Lamos

Brussels, Belgium

M

Malibu

Westwood, United States

Paul Buchheit

Mountain View, United States

A

allie105

United States

R

retzroff

United States

mepster

San Francisco, Ca, United States

T

Tim47

United States

S

snowtigeress

United States

A

adamdreaming

United States

B

BigRosie

United States

BM

Brian Mickel

United States

DW

Dana Whicker

United States

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