Name
Stephen
Member since
October 2011
On-time repayments
47 installments • 53%
My name is Stephen Karue Githae I come from Karunga Shopping Centre, from Nakuru/Nyahururu road at a centre called Maili Saba you branch on you right on a rough road you go past a school called St. John Secondary School then from there to Karunga Shopping Centre. My business is called Farm Focus Agrovet. I also live near that shopping centre so if you ask for Mr. Focus you will be brought at my place. I am a family man with one wife and three children , we live there with my family.
I operate an Agrovet at Karunga Shopping Centre and also do mixed farming that is growing crops and keeping livestock. From the business of Agrovet a get about 350000 annually and from farming 500000. I use the above amount to pay bills and school fees, we do not buy food stuffs because most of it we get it from our shamba, also we do not pay house rent because we live in our farm. The total annual income is about 850000
The purpose of this loan is to improve my two business by adding stork. First am going to start selling hardware material in my two shops e.g nails, pangas, sickles, hammer, floor covering, jembe and bolts. I am also going to start selling motorcycle spare parts in my two shops e.g tires, tubes, headlights bulbs etc since motorcycle have become common in this area.
Buy fertilizer, seeds, agrochemicals. Also I will buy semens where I will be offering artificial Insemination Services.
Positive
7
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$2,785.00
Date disbursed
Jul 25, 2013
Repayment status
Late
Projected term
27 months
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