Name
Protus
Member since
July 2015
On-time repayments
104 installments • 65%
I am a graduate teacher and attained this academic level through running a small shop in my small cottage back in the village immediately after my secondary education. this enabled me pay my accommodation and my food while at the university.
i started by selling sweet potatoes i bought directly from farmers and sold to travelers at the market later when i had enough money which was only ksh. 3000.00, i started the shop business.
I am currently mixing both farming and running a shop that deals with a range of services. i bought an m-kopa solar which is helping me charge phones in the village giving me an average of ksh. 700.00 per week. this has been very interesting as our village is far from electricity and this gave me the advantage of offering phone charging services.
i use the income to build capital in my shop and i am planning to run a supermarket in the next one year.
my sugar cane are ready for harvest and i have completed repaying my first loan. i am applying for my second loan to enable me meet my target by end of September 2016. By that time i will have harvested canes, saved good money though my shop to run a supermarket. i have already identified the location for my supermarket and in October there will be good flow of cash as many farmers will have harvested maize and canes. this will enable me make quick sales for my shop to stabilize before the planting season in March 2017
I intend to use the loan amount to increase my shop stock. I will use 10,000 to acquire maize flour, 8,000 to acquire rice, 6,000 to acquire beans, 2,000 for tea leaves, 3,000 for daily milk products, 2,726 to facilitate acquisition of salt and wheat flour. This is according to the current market demand especially after the Christmass season.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$320.00
Date disbursed
Feb 1, 2017
Repayment status
Late
Projected term
7 months
Other loans
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