Name
Edward
Member since
March 2016
On-time repayments
245 installments • 62%
I Edward Mandi was born in Kisii County some 50 years ago in a family of seven, i went to school up to standard eight and then joined craft centre where i trained as Radio and Television technician.
i was employed i saved some money which i used to open my current business in Radio and Television repair.
the land where i live is fertile even though is small is a good land for cultivation.
One wants to be electrical /electronics engineering , another want to be an agricultural extensional officer, another one wants to be a social worker.
my hobby is electronics and learning more about poultry farming.
I own Radio and Television repair workshop in Kisii County within Kisii Town.
Due to long experience in this work i have a lot of customers.
I like this type of work since my childhood, So i decide to train as a Radio and Television Technician.
I pay for the working place Kshs. 5000 per month/Kshs.1500 for electricity bill, Kshs. 3000 for traveling expenses, then i can make approximately between 50,000 and 80,000 per month.
I use my income profit to pay school fee for my children and other needs for the family, i also invest other money in growing my business, e.g i have small poultry farm.
i will add some chicks which will cost 1 dollar for one day old chick, which i sell to other farmers for 3 dollars after one month.
other farmers will also continue rearing until maturity, which will also sell to the consumer.
after selling for 3 dollars, two dollars will be the cost of chicks and feeds, so one one dollar will be profit times the number of chicks which i will buy with this loan.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 27, 2016
Repayment status
On Time
Projected term
6 weeks
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Mary Nov 20, 2017
Edward Nov 28, 2017
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