Buy a three-wheeled taxi to carry my produce to market

Sammy Muluvi

Roadblock-eldoret, Kenya

100% repaid

Entrepreneur

Name

Sammy Muluvi

Member since

June 2015

On-time repayments

328 installments  •  89%

About Me

I was born in Roadblock village of Eldoret North,Uasin Gishu County 25 years ago.I grew up with a vision and greater ambitions of becoming a lawyer so as i advocate and lobby for the disadvantage in our society as a country as well as Africa.But wait,what happen to this great dream?.I started my primary education and completed my class eight with a certificate of kenya primary school education.(KCPE).In 2007,I join a local secondary school where i worked both hard and smart so as tl realize my dream of becoming a lawyer.In 2010 I completed my secondary school and passed with a mean grade of B(plain) but could not join university due to financial constraints.Instead I decided to become an entreprenuer doing a business of selling polythene bags in Eldoret market.After two years of saving,Ihad enough to start my own Glossary in Edoret,where i sell fruits and vegetables.

My Business

As I have fore mentioned already in my profile,I currently sell fruits and vegetables (glossary).Currently Eldoret town being the headquarters of Uasin Gishu County.This has attracted many people into the town who engage in various activities and at the end of the day they pass through my kiosk to buy some fruits and vegetables.This has made it worthwhile to sell my vegetables at a friendly prices which makes them to go faster.After restocking my business using the 1st loan I secured from Zidisha my current business is worth 150 dollars.This has given me morale even to expand further my business since am currently competing favorably in the market economy.And in that I say thanks to zidisha for the great financial support you gave me.To speak I have made a net profit of 130 dollars within my five months of operation after I received my first loan. I anticipate that these will grow up to at least 160 dollars profit.The profit obtained I have been using it to support my siblings and this anticipated profit I will continue to dive support to my siblings and pay university fees next year to do a business course.

Loan Proposal

Dear lenders as I have underscored above I have some saving from my current business of selling fruits and vegetables. I therefore need to purchase a tuk tuk for transportation of my fruits and vagetables. Therefore all the monies raised here I will add to the savings I have so that I can buy a tuk tuk.This will help me save the transportation costs that I been incurring since I ventured into this business.On the other hand it will enable me to earn an extra coin since othe business men and women will be hiring it for transportation and this will enable me to earn huge profits. From what am anticipating I can get profits of upto 15000KES on a daily basis. In summary all the 386 Dolllars I will raise here will go towards purchasing a tuk tuk. Kindly help me achieve it.

Feedback

2

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  • BernadetteV    May 30, 2020

    I’m happy to support Sammy who works hard and repaid all his previous loans.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$392.01

Date disbursed

Jun 3, 2016

Repayment status

On Time

Projected term

29 months

Cost to entrepreneur

Service fee: $16.05

Lenders

Cloudways

Malta, Malta

ads68

Melbourne, Australia

Hedwich

Gorssel, Netherlands

dlpringle

Denver, United States

Kamil

Lidzbark Warminski, Poland

melissapmeier

United States

MD

Miles Dodge

CORVALLIS, United States

V

Vivek

Arlington, VA, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

M

Margaret

United States

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