Entrepreneur
Name
Ken
Member since
September 2015
On-time repayments
227 installments • 84%
About Me
I have grown up in Coastal Kenya.I have graduated recently from Egerton University with B.Sc (Horticulture). Due to the lack of jobs, I have over 500 mango seedlings which I plan to graft soon, though I wish to expand the nursery to include ornamental plants. I also make soap-less detergent that I sell to car wash businesses. These ventures have been started with a small amount I had saved.
The recent G.E.S summit was very inspiring and acts as my source of motivation. I also plan to venture into farming both in crops and livestock.
My Business
My business is mainly poultry farming whereby we are involved in selling both eggs and meat. I also invest in small scale cattle and goat farming. The rest of the farm area is covered in agroforestry whereby we grow crops and trees for sustainability.
The trees are sometimes harvested for timber and firewood. This helps to boost the financial status especially for home use. There is also a small tree nursery whereby seedlings are sold at affordable prices.
Loan Proposal
I wish to purchase a brand new motorbike which will operate to ferry people and good to various destinations.
The motorbike costs 1,200$.
Daily returns 5$ which translate to100$ monthly.
Maintenance and Oil change on a monthly basis cost around 20$.
Net monthly return is 80$.
The motorbike will help me to reduce my domestic transport costs hence increasing the profitability of my business. In the long-run it will give the motorbike a higher resale value and also increase my asset base. It will also help in-case of an emergency.
The expected yearly return is 1,000$. Hence after one year the motorbike will have a high resale price.
About Me
My name is Ken Mutinda. I am a Kenyan and mainly reside in Malindi town in thee north coast. My childhood can be described as one that was adventurous and fan. I have completed my education up-to bachelors degree level.
Some of the main challenges that we faced at home was poverty and we had to overcome by perseverance and encouragement from our parents and friends.
I started my nursery business immediately I completed college and from the saving I started the detergent business. I also keep some ducks which I sell upon maturity as well as their eggs.
I live in a cosmopolitan area whereby people of different cultures live together in peace.
My Business
My business is mainly poultry farming whereby we are involved in selling both eggs and meat. I also invest in small scale cattle and goat farming. The rest of the farm area is covered in agroforestry whereby we row crops and trees for sustainability.
The trees are sometimes harvested for timber and firewood. This helps to boost the financial status especially for home use. There is also a small tree nursery.
I now wish to purchase the motorbike to help with transport as well as be a source of money and employment.
Loan Proposal
I wish to purchase a brand new motorbike which will operate to ferry people and good to various destinations.
The motorbike costs 1,200$.
Daily returns 5$ which translate to100$ monthly.
Maintenance and Oil change on a monthly basis cost around 20$.
Net monthly return is 80$.
The motorbike will help me to reduce my domestic transport costs hence increasing the profitability of my business. In the long-run it will give the motorbike a higher resale value and also increase my asset base. It will also help in-case of an emergency.
The expected yearly return is 1,000$. Hence after one year the motorbike will have a high resale price.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,561.00
Date disbursed
May 1, 2018
Repayment status
On Time
Projected term
6 months
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