Purchase of second hand clothes for my business
Faustin
Masimba, Kenya
29% repaid
Entrepreneur
Name
Faustin
Member since
June 2016
On-time repayments
109 installments • 83%
About Me
I was born in humble family of eight members . 6 brothers and 2 sisters.
I went to school at Riabigutu primary ,where I did finish my 0 level from.After which I proceeds to masimba high school where I schooled for 4 yrs after then I did my kcse ....
due to unavoidables I did have a chance to proceed further.
I started my business by growing banana aftermath I bought a grade cow which atleast produces milk for family consumption and others for sale.
other than my ventures , I read online on issues related to mukulima and shamba shape up as my hobbies.
My Business
with this kind of business am currently doing, within a week I can be able to sale atleast a banana whose income ranges between 250/= and 450/= depending on the size.
beside bananas I do sale miilk 3 litres in the morning and 5 litres in the evening.... that yields am income of approximately KES 200 daily. but due to a high demands from the family I manage to save 50KES every day . that is capable of yielding like 350KES at the end of the week
Loan Proposal
given this money ,$7 will be utilized to purchase additional
stock to my current stock, when the sale are good,this cargo
can be sold in a week time yielding a profit made of about $2,
this profit part of it will be used to pay those who will help in
distribution of the clothes to the final customers. The
remaining part of money of around $6.8 will be utilized in
improving my farming techniques, $2.5 will be used to
purchase seedlings fertilizer and insecticide that will be used
during the planting and the preparation of of the field. $4.2
will be utilized in attending farming seminar that are
conducted by the shamba shape up, This will help me in
improving my farming techniques and effectiveness in
adopting the new farming methods that improves
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Loan Info
Project Type
Classic Loan
Disbursed amount
$136.00
Date disbursed
Aug 11, 2018
Repayment status
Late
Projected term
3 weeks
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