Entrepreneur
Name
Baya Tsofa
Member since
July 2015
On-time repayments
194 installments • 25%
About Me
My names are BAYA TSOFA MWENI, from Malindi Kenya. I was very bright in primary school but that didn't help me much in secondary school. Coming from a very poor family I mostly missed classes to do some work to get fees. I ended getting a lower grade (c-) and that why I ended working as a Cleaner at Casino Malindi. The salary being small I couldn't manage to assist anyone as every penny went to debts. We started a merry go round with my work mates and I invested my share in buying tomatoes, cabbages. Bananas, onions for resale at a profit. Am now able to get my daily bread from their. I feel exploited working for ten thousand a month but because I do work night shifts am able to run both my business and the job. Am still doing. my business outside someone, house but God willing Intend to have a secure place where I can leave my stock at close of business..
My Business
The sources of my Income for now are from the business and the salary from my job. I have a very fertile piece of land which is 300 metres away from a lake. My plan is to grow my business and become the wholesaler of my products . My stock that is the cereals, the tomatoes. Potatoes., Brinjals, onion s, bananas are available all round the year and so I can feel secure doing this business as it is a must for people to eat.
Loan Proposal
, The 5600 after paying the membership fee will be used to increase my stock. The items I intend to add are 10 kilograms of rice @70, =700
1/2 Sack of potatoes @1800
1 Full packet of onions, @800
10 kilograms of beans @60/kilogram, =600
Bananas for 400.
Cabbages for 400.
Kales for 350
Transport 350
This will Greatly reduce the cost of going to the market almost daily and time wasted when I close to go buy the goods. More sales and less transport will increase my profit and enable me pay my loan on time so as to reach my target of a big loan for both the business and my farming project.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Aug 7, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Summary
Amount repaid
$104.50
Amount remaining
$0.00
Date repaid
Sep 22, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 16, 2015 | $17.00 | Aug 9, 2015 | $17.00 |
| Aug 23, 2015 | $17.00 | Aug 9, 2015 | $3.00 |
| Aug 22, 2015 | $14.00 | ||
| Aug 30, 2015 | $17.00 | Aug 29, 2015 | $17.00 |
| Sep 6, 2015 | $17.00 | Sep 8, 2015 | $17.00 |
| Sep 13, 2015 | $17.00 | Sep 15, 2015 | $17.00 |
| Sep 20, 2015 | $19.50 | Sep 22, 2015 | $19.50 |
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