Lawrance

Mtwapa, Kenya

33% repaid

Entrepreneur

Name

Lawrance

Member since

January 2013

On-time repayments

11 installments  •  9%

About Me

my name are lawrance chivatsichai. i live in mtwapa kenya am married to zawadi mdzomba whom i love her and am happy having been in this relationship. am blessed with four children the first born is a boy and he is called Jmmy. he is twenty two years of age. the second born is a girl and she is eighteen years of age she is called Anita. the third born is called Doto and the fourth one is called Julia. my occupation is a bishop here i mtwapa. and i run a business of charcoal vendor shop here at nuru shopping center my education background is form four level of Kenya education system. i started this business because i wanted to extar money that would allow me educate my children without any problem as i know education is the only present that a parent can give to a child then because of this reason i did this this business. and i thank you God because this business it has been doing very well indeed to me here in mtwapa.with my earnings from my business i do use this money to pay school fees for my family and the rest goes to the business again to add more stocks of the products so that i can sell more and get more income. because i don't pay house rent because i have my own house that i bought some years back so i use most of my income on schooling and food only.

My Business

my business is of selling and buying of charcoals from the bush and transport them int my vendor shop for marketing or for sell. i sell this goods into two different procedure this like i sell them into small units to the home use and i sell in large quantity to the restaurant and the hotels within mtwapa, my customers prefer my business because i sell my products with a fair price and reasonable to all. and if someone buy them in large amount i also give them a transport to carry this goods to their home. there is alot of demand here in mtwapa for this goods because due of the high cost of the kerosine here in mtwapa many people they are using this products because they are affordable and have value to them.my clients prefer buying from me because my products have the quality and value to all of the people. the risk of this business is during the raining season then this products become very few and due of this the prices go higher. this business is very profitable because for one sack of charcoal its buying price is ksh 400 and when i sell them into my shop i sell them with a price of ksh 1,000 so its profitable.my monthly running cost is kenya shillings 35,000. and my monthly sales revenues is kenya shillings 85,000. this is giving me a nett balance of which make me do my burget and with the loan that am applying now i just need this loan to buy more products into my shop.

Loan Proposal

thank you for approving my loan application am proud of you. with this loan now am going to use the lamp some of amount 35,000, shillings to buy more stocks of charcoal bunk and transport them with a canter to my shop charcoal vendor ready for sell. this will enable me to increase my earnings and make me improve my living standard.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$500.00

Date disbursed

Feb 24, 2013

Repayment status

Late

Projected term

12 months

Lenders

Feldborg

Stuttgart, Germany

A

arenk

Karlsruhe, Germany

EricDWalters

Rochester, Mn, Usa, United States

Kitty

Hailsham, United Kingdom

G

grizu

dortmund, Germany

aarongabrielson

Heber City, United States

AnnaChristina

Pittsburgh, United States

Crestwood

Hamburg, Germany

EmilAsker

Lomma, Sweden

B

Bavarian

Bavaria, Germany

russell

leicester, United Kingdom

Caddis14

Heber City, United States

pentatonicscale

Niiza-shi, Japan

A

Aaron

Zurich, Switzerland

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