Purchasing a part for my food-grinding machine

Francis Omongoluk

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Francis Omongoluk

Member since

April 2017

On-time repayments

109 installments  •  58%

About Me

my name is francis itengo omongoluk and i am interested in your services. I went to kakapel primary school in western Kenya where i completed my primary education. Life was not so easy that time whereby i used to walk several kilometers every morning to school. you can imagine walking that long bear foot with too much cold in my mountain location. My focus in life and hard work propelled me to completing my primary education. I managed to pass well and emerged the first in my school and i went to kolanya boys high school for my secondary education. I worked hard and also managed to complete secondary education. After high school i never wanted to stay idle after lacking money to go to college. I had to look for some job to do to earn a living. I landed a small job in a private security firm and that is what i have been depending upon to support me financially. i saved some money monthly till it was enough to buy some groceries for sale and that is how my small business came up.

My Business

I sell groceries to the people around my locality. I decided to sell groceries because i came to learn that they are the ones on daily use in many households. i chose to deal with these goods because they are readily available all year long in the market. I use some of the profits other house needs and i spare some for business growth.
From the grocery business I have been doing I am glad to say that I discovered a new business opportunity and that is beekeeping. I decided to spare some cash from my business in addition to the loan I received from zidisha and managed to purchase some beehives. I currently have ten beehives in my apiary. With the harvest coming from the beehives I am sure my revenue will increase.

Loan Proposal

with this loan i intend to purchase a spare part for my grinding mill for my grocery shop. the item i will by is a pulley which costs 25 dollars. After i replace with the current one the work will be more efficient. For my business replacing the equipment will also ensure variety of services to my customers. this will include providing ground floor for their daily meals. i am very sure my profit will increase by roughly 5 percent.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$23.52

Date disbursed

Jan 7, 2019

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $0.99

Credit risk payment: $3.96

Optional expediting fee: $1.98

Lenders

Paul Buchheit

Mountain View, United States

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