Entrepreneur
Name
Vincent
Member since
April 2017
On-time repayments
33 installments • 21%
About Me
Hello
My name is Vincent Ombati a Kenyan by birth.
I believe in a destiny but one must work for it.
I managed to go to school since my single.mother is a hardworking lady.After my primary and secondary education,I proceeded to university.
My passion for listening to radio triggered me to join mass media facaulty.Unfortunately I had to stop schooling because of Finance issue(Tuition Fee)
Most of the time,I spend hours in a cyber cafe blogging and writing articles for my few clients.I love socializing online and making new friends whom I share my ideas via my blog.
Like any other boy,I decided to venture into business world.Its sad also that unemployment rate in my country is high.So I opted to look for capital in any other legit ways.
With my little knowledge,I was able to create and bid work on freelancer sites.Upwork and iwriter made me make little cents to kick start my business dream.
My Business
My business is called Safariland Farms,actually am in due process to register it fully as a limited company.
My main idea was to be able to feed people by selling to them farm produce.In the event I would employee people to work in the same company hence minimize the unemployment rate in the country.Its a must people eat.So my business is ideal in this suituation.
My business is simple.Because of the high demand,I visit farmers from which I buy fruits from them eg ovacados,oranges and mangoes etc, then ferry them to town where I meet my clients and sell it to them.
Because of my little capital.Here is how I operate.Currently am on ovacado demand.
I buy a bag of 90kg ovacado sack from a farmer at a cost of Ksh.500 .I transport it to town and pay 100 for transportation.I sell my ovacado at 1200 and make a profit of 600 .This figure is on average since sometimes the transportation cost is high or the client price is low.
As per now I only deal with 3clients per week.Making atleast 1500 per week.I need to expand this business and be able to atleast double my clients number.
I save my profit because by the end of the year I would love to venture mainly in maize Business .It requires abit higher investment.
Loan Proposal
My safari land farm business faced many challenges during this famine season.I had with held my maize stock for a period of 3 months waiting for the prices to shoot up but it was in vain.this was because the government imported maize from Mexico.i had to sell my maize at a low cost,this was a loss.imagine the cost of preservation and treatment.with new loan,i will start selling veges .the demand has rises because the alternatives prices have gone up again.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$11.00
Date disbursed
Jun 7, 2017
Repayment status
On Time
Projected term
2 months
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