My fruity business

Michael

Rongo, Kenya

100% repaid

Entrepreneur

Name

Michael

Member since

May 2017

On-time repayments

19 installments  •  100%

About Me

I grew up as a first born among five other children. It was quite a struggle for my parents to see us through school since they were just peasants. I managed to finish my high school and started doing odd jobs to support my siblings like riding motorbikes, building and even farming for people.
I managed to start my small fruits business that i get from kisii market and sell in Rongo. This was possible through my little savings from my daily works.
I love to plant flowers in my free time and am planning to turn it into a business venture soon. I also have a small kitchen garden to supply my family with fresh vegetables. My siblings bright future depends on my small business and I vow not to let them down.

My Business

I sell fruits mainly in season. Its much easier than sticking to one type. I sell oranges, lemons, avocado, mangoes, pears and so many others.
Most people love fruits and its rare to go home empty handed especially on market days which is on wednesdays.
Typically the cost of stock is 15000 Kshs
Transport is 2000Kshs
Miscellenious 2000Kshs
Profits. 4000-6000 per month
The profits i get i use to pay my siblings school fees, uniforms and books. I am also planning to save and go back to school and study bachelors in business management.

Loan Proposal

I will buy 3 sacks of oranges costing 20 dollars each that will add up to 60 dollars. The rest will be used for transportation and miscellaneous expenses.
Additional stock to my current stock will boost my business profit and minimize risks.
I expect 80 to 100% profit in return.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$79.00

Date disbursed

Sep 26, 2017

Repayment status

On Time

Projected term

3 months

Lenders

PG

Paul Graham

United States

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