To support sugarcane cultivation
Obara
Currently I Live In Maua Town In Meru County., Kenya
100% repaid
Entrepreneur
Name
Obara
Member since
April 2014
On-time repayments
345 installments • 96%
About Me
I am a businessman and a farmer at the same time.I operate a curio shop in Maua town found in Meru county.I also have dairy cows at my rural home in kisii county.
My Business
I have three dairy cows which give me around USD 825 per month on top of my earnings from a curio shop of $530 per month. My average cost to run the business per month is $177 for the shop and USD 150 in my dairy cow farming per month. I also do online assignment with Brainy Writers who pay twice in every month. I do get an average of $352 per month. Their payment is made on 5th and 25th of every month.The only cost I incur to do these assignments is $12 for internet bundles monthly. The only risk involved in my curio shop business is that i deal with fragile goods. For online assignment, the risk involved is that sometimes orders are few for one quarter in a year. This makes me make an average of $60 per month.
Loan Proposal
I operate a curio shop at maua town in meru county. On average I get $530 per month. My average cost to run the business per month is $177 per month. I also do online assignment with Brainny writers who pay twice in every month. I do get an average of $352 per month. Their payment is made on 5th and 25th of every month.The only cost I incur to do these assignments is $12 for internet bundles monthly. The only risk involved in my curio shop business is that i deal with fragile goods. For online assignment, the risk involved is that there are two to three months in a year when the orders are very few. This makes me make an average of $60 per month. I have invested heavily in agriculture. I have a 6 year lease of an 8.5 acres of land at maasai land in a town called Enemasi. i have planted sugarcane which will be due for harvest june next year. This is why I need your financial injection to boost my plans. Therefore, the loan will enable me pay wages to employees who occasionally offer me labor in my sugarcane farm.
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
May 9, 2014
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Berlin, Germany
Australia
Ask Obara a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...