Loan to purchase cooking oil for chapati business

Francis

Rongo, Kenya

100% repaid

Entrepreneur

Name

Francis

Member since

April 2016

On-time repayments

12 installments  •  33%

About Me

I started my lower primary at ayuelo nursery school then proceeded to Diep primary school for my upper primary school where i finished in the year 2009. Due to lack of school fees i did not join secondary immediately but was forced to stay at home for 1year as my parents raised admission fees.

Finally i managed to get admitted but was later forced to drop out of school after persistently sent home for school fees. That is when i opted to start cooking chapati for sale in my neighborhood. A business i have now done for a couple of years.

My hobby is cooking and it is for this reason that developed the desire to start a business out of it.

My Business

My business is generally cooking and seliing chapati in my neighbourhood. Chapati is one of the staple foods in the area and for that reason it is ever on demand.
I chose this business because it is in line with my hobby and am so passionate about cooking.

Typical cost include not limited to wheat flour, cooking oil and charcoal.I use the profits to my rent, support my siblings and re invest partly for growth.

Loan Proposal

I purpose to use this loan to buy a five litre cooking oil, this will help me save a lot than buying cooking oil in small quantities that has seemed expensive in the long run.

A 5litre currently retails at 750KES. I will top up this loan to enable buy the same.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.00

Date disbursed

Oct 4, 2016

Repayment status

On Time

Projected term

7 weeks

Other loans

Lenders

Seppo Ruohonen

Vantaa, Finland

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