Entrepreneur
Name
Michael
Member since
April 2015
On-time repayments
255 installments • 40%
About Me
I was born on 17th June,1976 and today happen to be my birthday as l write about myself.l started life in my hometown with my parents and other siblings.I had my basic education from kindergaten ,went to primary then wrote common entrance to gain admission into secondary school for five years.After secondary school,l went to Teacher Training College taught for five years and furthered to University to have my first degree.l had a problem with my salary after university and how to make ends meet was a challenge.I had to do work in order to raise money to solve domestic problem.l came to start my own business when l saw the need to get some extra money to support my family.One unique thing about land is that,the place is fertile and good for agriculture.My children hope to be prominent persons to empower the needy.I take delight in reading and helping to carry out humanitarian services.
My Business
Am into distribution of and sale of holland yoghurt products to the general public.The products are beneficial to people because of health benefits of the product and energy derived .I chose this business because the products are in demand as it helps people to be healthy. l also want to buy products (yoghurt?to freeze the yoghurt and stock to distribute the products and market them.The cost of the products,rand revenue is as follow:
Total =$400
I will re-invest the profits to expand the business.
Loan Proposal
I intend to use the loan to purchase yoghurt products and stock my freezer and sell. in markets and lorry station. I also plan to distribute to shop s for them also sell to others.
Income Source
The demand for food is still available despite the corona virus.l hope to use the bicycles available for selling in the market with the assistance of my wife and brother in law.Doing all these will enable me to get sales and make money to pay the loan.l also plan to add other food items to supply to others.
Feedback
Positive
None
Neutral
None
Negative
1
Loan Info
Project Type
Classic Loan
Disbursed amount
$324.00
Date disbursed
Jul 21, 2020
Repayment status
On Time
Projected term
6 months
Lenders
Karlsruhe, Germany
Germany
United Kingdom
United States
Germany
Germany
United States
Ask Michael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
TP Nov 29, 2022
Loading...