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Eric

Bumala, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Eric

Member since

October 2013

On-time repayments

346 installments • 31%

About Me

I'm Eric Otieno Odhiambo,25 years of age.Home where i originated in Vihiga district,Luanda division Ekwanda sublocation Kaila village.Currently i'm living in a small town Bumala in western Kenya.

Am holding a certificate in mechanical engineering(production) from Kenya Industrial Training Institute.I started my business purely to meet my needs in fact that i was an ophan and i had to pay for my own college fees.Since i started my business thing actually changes because i was able to pay my own college fees for the last two years withouth problem.

In kenya we have very fovourable business field and we only lack capital.Example in the public service vehicle(matatu) industry, agricuturial,estate development and many other.So any potetial invester willing to prosper should not hesitate doing it kenya.
For that am a little bit thruogh with my education i have plans to pluogh back my business income to the business so that it can be expanded,so in future i dream to run a very big business.

My Business

I run a small Agrovet business in Bumala town the deals with fertilizer,seeds,animal feeds,pesticides and many other essential commodity to the farmers which i was inherited from my late mother three years ago.And from it have manage to pay my college fees for the last two years.
Because Bumala people are small scale farmers i made lots of sale because i sell in smaller quantity at lower price as compared to other competitors.
During planting season my sales goes up to ksh 20,000 per day of which i will have no problem in repaying the loan.
I'm only faced with the capital to expand my business.But Kenya is the best place for business so no investor should fear any.

Loan Proposal

Thank you so much Zidisha for lifting me higher than the mountain you are a blessing to my business.Now its my pleasure to apply another loan so as to get ready for the coming season on march.I am going to stock 10 sacks of fertilizer DAP,CAN and urea,seven bales of seeds that is duma,kenya seed,western seed,monsanto and pana.Then i will add some drugs and pesticides.This budgeting will cost me over KES 50000.