Sausage selling business expansion

George

Nairobi, Kenya

100% repaid

Entrepreneur

Name

George

Member since

August 2017

On-time repayments

117 installments  •  80%

About Me

.Born in Gatundu,Kiambu county ,Kenya.
I went to Ikuma primary school where I worked hard to get 380/500 marks in my final exams.
I grew up from a humble backgroung and have learnt a lot.
I have grown learning the Gikuyu tradition and as a Christian.
From Primary school,I joined Muhoho Boys High School.This is where I developed leadership skills and became the Chairman of maths Club and the treasurer of the debates Club.In my final Examination I score grade A -(minus).
After that I joined The Technical University of Kenya to pursue Btech.Electrical and Electronic Engineering.
I am in my last year here in Campus

My Business

When I joined University through Government sponsorship program,I was given a loan known as Helb loan.The loan is given to university and college students to help them pay fees.But in my first year when I got my first loan I used the loan to start small business of sausage selling.
I bought one jiko and bought some few packets of sausages as the starting stock.Now I have been able to buy other two jikos so I have employed 3 persons since I am still in school. I also started kale farming and chicken keeping. This helps me to earn good money when still studying

Loan Proposal

I will expand my sausage selling business.I want to buy one more jiko and add more stock to my business.
The new jiko cost 50$ (ksh5000) and a stock of 3 sausage packets per day which needs 9$(ksh900).This will increase my profit so I will be able to make my business stable.I will help my family and be able to pay my school fees .

Feedback

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  • Erin    Oct 1, 2020

    Unfortunately it has been more than a year and a half and this loan is only 7% repaid.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$57.00

Date disbursed

Nov 1, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

Craig Newmark

United States

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