Cosmus Mwachilumo

Mtwapa, Kenya

100% repaid

Entrepreneur

Name

Cosmus Mwachilumo

Member since

October 2012

On-time repayments

58 installments  •  12%

About Me

My name is cosmus,residing in mtwapa kenya,i have a wife with three children who are all in school at Gandini Primary school in kenya.i went to GandinI i primary school in the year 1999 for my KCPE,i currently own a green grocer within the busy town of mtwapa.i started this business to pay for my children school fees,the profit generated shall be used to pay fro my children school fees and plough back into the business.I have been in business fir over ten years now after i was in able to cope eith the salary i git from my previous job tgat i was emplyed. dince then am very cmfortable with my business.

My Business

My business is selling of green grocer items like tomatoes,cabbage,kales,onions,carrots,mangoes.oranges,omenas,bringles.the demand is here because of the tourists pollution and the locals hence high demand.customers coming to my place because am clean and i talk to them nicely.this is profitable because a lot of people like green vegetables,risks include rotting away of these goods after they overstay.My monthly cash is about kshs 17,000 minus expenses of about kshs 10,000.the remaining amount is used to pay the loan. Adjoined t this i do transport business with my motorcycle.

Loan Proposal

My business is selling of green grocer items like tomatoes,cabbage,kales,onions,carrots,mangoes.oranges,omenas and other items.I will use the cash to raise my stock in my shops.This shall include purchasing of the goods listed above.I will spend kshs 25,000 to add my stock and the rest shall be used to transport these goods to my shop.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$446.20

Date disbursed

Nov 14, 2012

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $446.20 at 7.15% annual rate over 12 months = $34.38

Service fee: $16.78

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