Saving for my school fees

Philister Munala

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Philister Munala

Member since

May 2014

On-time repayments

141 installments  •  46%

About Me

I am Philister munala from Kenya aged 24 years old.i was born and raised in Kenyatta a place known as Eastleigh. I grew up with both my parents my mum being the breadwinner of our family. I have recently completed my degree in bachelor of commerce marketing at Kenyatta University.I decided to start my poultry business in the year 2014 due to financial strains. I wanted to help my mum in raising fee for my University degree.I have overcome hardships in life because of my business.It has helped me manage to pay my fee and I really want to continue helping my mum in paying for my younger siblings School fee.

My Business

My business is purely poultry farming.I have just been dealing with kienyeji chicken in the past but currently I really want to add broilers chicken in my business.i have been incurring costs in buying food for my chicken which budgets to a total of 5000ksh, also buying medicine for my chicken to prevent them from getting any disease and this totals to 3000ksh..My loan request will help me in adding broilers chicken, expand the house where they will live, add food and medicine to them..The Nairobi Agricultural show is soon approaching and I want to showcase my business at the show..This will really help me in increasing my profits and continue to support my younger siblings..Thankyou

Loan Proposal

with the loan i would buy the following which I will be selling during the Nairobi International Trade Fair .

Ice-cream 110 dollars
Soft drinks 110 dollars
Snacks 90 dollars
Hiring candy floss machine 55 dollars
Ingredients for making candy floss 53 dollars
Total 418 dollars

I would really appreciate it if I could get the funding for this venture

from the profits accrued I will be able to plough back some money to my poultry business which is currently doing very well and also to save for my next semesters fees

Feedback

3

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Loan Info

Project Type

Classic Loan

Disbursed amount

$445.89

Date disbursed

Sep 22, 2014

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Lender interest: $445.89 at 4.87% annual rate over 10 months = $18.37

Service fee: $13.64

Lenders

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PaulE

Cockeysville, MD, United States

JLadieu

Bellingham, United States

ErikN

Stockholm, Sweden

BrianHibbs

South Bend, United States

camilberlin

Berlin, Germany

Stefano Bertolo

Luxembourg, Luxembourg

K

kingcamo1095

Mountain Home, United States

T

TVandenbosch

Brussels, Belgium

H

howard

Vence, France

J

jumpfunky

Dortmund, Germany

mole333

Brooklyn, United States

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

R

roozbeh

United States

Paul Buchheit

Mountain View, United States

T

TrademarkMan

United States

pixelsebi

Berlin, Germany

GaloLending

United States

O

ojlhowefds

United States

T

thehigginsons

United Kingdom

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