Entrepreneur
Name
Grace
Member since
June 2017
On-time repayments
52 installments • 81%
About Me
Im am a girl who grew up in village life in a family of hardship but all in all, throw Gods mercy, I at least managed to go to school. After school, life was more rough that I begun selling maize from small contributions from friends and relatives, and that is the business I am in up to now. business growth is had as the little I get is used for consumption. My children admire to be doctors, pilots, engineers etc but I only manage to tell them its only Gods favor.
My Business
My business is for selling maize to locals at retail price. Maize is the stable food in my community and thats why I chose it. I use the profit to pay for my childrens school fees and buy food
Loan Proposal
I will buy a sack of maize to add on the one I have making them to be two. This will benefit me by increasing the profit I have been getting to twice. That means that I will have some extra cash to buy food and clothing for my children. The buying price of one bag of maize during harvesting season is 20 dollars. When you sale at retail price you earn 5 dollars. 2 bags costs 40 dollars. My profit is expected to increase to 10 dollars.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$18.00
Date disbursed
Jun 16, 2017
Repayment status
On Time
Projected term
4 months
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