Entrepreneur
Name
Frank Momanyi
Member since
November 2015
On-time repayments
272 installments • 65%
About Me
I was born in bonyang'ande village,Emenwa sub-location,Bass central location,Nyamache division,Nyamache district,Kisii county in the year 1988.
I started schooling in the year 1994 at Nyakona primary and sat my KCPE exam in the year 2003 and attained 307 marks out of 500.In the year 2004 i joined Nyamagwa boys high school and after along struggle of fees problem due to the poor background i managed to score a mean grade of a B(plain) after sitting my KCSE examination in 2007.
Due to the poor background, my guardians and members of the society at large organised a fundraising for the college fees where i joined Kisumu polytechnic where i pursued diploma course in mechanical engineering in the year between 2009 to 2011.
I sat my knec exam in the year 2011 after a long struggle and managed to score a pass.
My Business
After along struggle of three years for searching job in the field ,I didn't become successful to secure even one.Through friends and family members advised me to start a small business opportunity in order to achieve my core goals and objectives.Due to lack of capital i hard to think of a small business from the enterprenual skills and knowledge gained from college.I came up with the idea of opening a photocopier business,comprising of typing and printing.I found the business enterprise more efficient after i got capital from family members,course-mates and friends The business generates an average profit of 500 kes after incurring other expenses.The daily savings are used to purchase new machines,photocopying papers and other expenses required for the business.I also use it to raise myself, my old parents and paying school fees for my younger brother.
Loan Proposal
If given the loan i will use as follows
Purchase of 1 computer/desk top @ 25000 = kshs 25000
Addition of stock of10 rims of printing [email protected] 500= kshs 5000
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Total kshs 30000
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Though this,customers are going to get first er services though completing their projects in time and saving time management .It will also ease the workload for me thus completing at a shorter time.Through this my profit maximization will improve by 60 percent.Please my lenders have time to look at my proposal.Thanks in advance.My God bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$303.01
Date disbursed
Jul 13, 2016
Repayment status
On Time
Projected term
13 months
Cost to entrepreneur
Service fee: $11.76
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