Entrepreneur
Name
Cleophas
Member since
February 2016
On-time repayments
253 installments • 75%
About Me
am cleophas kiprotich born and raise in kenya nandi county . i went to kaptilol primary where i pass and went to samoei boys high school after which i join university of Eldoret where i did A degree in business management. this is what i love to venture in and turn it into a reality has it had been my desire since my child hood. hardships are part of life and take them positive when never they arise. i started my business while still in university -a business whose main customers were schoolmates and they gave me an opportunity to apply my class knowledge to real life. the land i come from is that it is ever green and most people are farmers. i do not have children as per now but planing to have. i love football and that is where i spent my leisure time
My Business
Am in hotel industry . running a small hotel in nakuru town with the help of two employees . my main customers are the locals from the jua kali sector. i chose this line of business in order to take advantage of the unutilized opportunity in the sector, also my early experience in the industry motivated me . my monthly average cost is ksh. 70,000. which gives a revenue of ksh. 130,000 monthly on average. i use this profit for improvement and re-investment. am looking forward to your assistance to grow my business. I have recently engage my self with tea farming currently with 4500 tea bushes and they are doing well. I am planning to increase it to 10,000 tea bushes. Since my tea are doing well I have diversify my agriculture business to include livestock where I have started rearing sheep and I intent to increase the numbers .
Loan Proposal
I have acquired two hectors piece of land which I intent to extend my tea bushes. Currently I have 4500 bushes and intend to increase gradually . I will use the loan for lobour, planting and purchase of herbicides. Which will cost me approximately 300usd.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$196.00
Date disbursed
Jan 4, 2019
Repayment status
On Time
Projected term
14 months
Other loans
Lenders
Germany
Canada
United States
Australia
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