Entrepreneur
Name
Willy
Member since
January 2015
On-time repayments
175 installments • 30%
About Me
My Name is Willy Bett, I live in Uthiru, Kabete that is the outskirts of Nairobi City. I am over 30 years old. Due to financial constraints in my family I managed to study until high school and after that I could not proceed with my studies due to lack of fees and I was forced to look for employment. I have been working with a curio shop since the age of 20 until now as a salesman. This job has been the breadwinner for my family and my sustenance and also I have been saving some little for personal business. Currently I'm planning to provide door to door services to my clients in order to stay competitive in the business and meet the clients demands.
My Business
Having worked in a curio shop for 9 years has moulded me enough to think of creating my own business idea. After interaction with some of the curio clients, I decided to venture into online curio business in order to satisfy the untapped market. When the tourist season is low, sales margins are also low hence the need to diversify and provide clients with curios at their convenient locations such as offices and their homes. I have been doing this for the last 3 years but faced some challenges especially in terms of logistics as I had to hire drivers for my delivery services. This had a negative impact on the profits since the cost of hiring a motorcycle rider is high in Kenya.
Loan Proposal
Dear lenders,
I am applying another loan, after the studies i just cleared i was able to learn more entrepreneurship skills and i was challenged to start another project under the Agri-business sector. The project i want to start is Poultry farming, and that's why i am hear again to raise funds to purchase materials in order to top up what i already have with me. I have a business plan of poultry worth $ 305 and so far i have raised $ 100 from my other business, which i have already used to buy some of the building materials. The break down of $205 i am requesting is here; $105 will be for buying more material and labour, $ 70 will be for buying the chicks for rearing and finally $30 will be for buying the chicks feeding and medicine.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$203.00
Date disbursed
May 28, 2016
Repayment status
On Time
Projected term
24 months
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