Entrepreneur
Name
Philis
Member since
July 2015
On-time repayments
91 installments • 24%
About Me
I am third born in a family of three.
I grown up in very poor family where by i was able to to school up to primary level due to lack of school fees.
This gave me a challenge to work hard from my shopkeeping job to overcome this poverty from my family.
From my saving i was able to start my green grocery since human being are in need of these items for their everyday use.
As my business expand, i will be able to support my family
I like traveling,making new friends,reading bible and listening to gospel music
My Business
My business entails selling of vegetables such as sukumawiki,tomatoes,onions and all types of greens.I acquire them from farmers from rural areas at a competitive price and i then bring them to town
I decided to venture into this business due to growing demand of these items in day to day human being consumption of which they cannot avoid.
My typical costs includes:- water $10
electricity $11
Rent $40
salary and wages$50
I make a revenue of $30 daily and out of this $10 is profit
Most of my profit is re-invested in the business
Loan Proposal
Given the loan , i will buy sukuma wiki worth$22.53,onions $15,tomatoes $15 and transport of $4.
This will increase the cash inflow into the business and hence revenue will go up by $10 and profit by $3.3 daily.
With this i will be able to expand my business by dealing with more type of vegetables and fruits and set aside $30 every month to assist my family to boost there standard of living.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Aug 1, 2015
Repayment status
On Time
Projected term
13 months
Other loans
Lenders
United States
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