Stephen Omondi
Butula, Kenya
100% repaid
Name
Stephen Omondi
Member since
February 2014
On-time repayments
128 installments • 50%
I Stephen Omondi Owili is now 24 year old.I originated in Rachuonyo.Now i live and do my business in butula a small town in busia county.I am self employed at my aggro-vet shop.I have a certificate in animal health from kebete technical and short course in electrical installation from kenya industrial training institute nakuru.I started the business because i realized that within this area there was scarcity of my service.In addition i wanted to earn a living.I have purchased myself a motorbike that i used for field work and my house hold.
I have a small shop in Butula Busia county where i sell farm inputs and have three accre farm where i practise farming.This business i started because i wanted to earn a living.Actually my business is personal and i have 100% total control over everything.I sell animal drugs,pesticides,fungicides,seeds,fertilizer,vaccines and many other products that are required in an aggro-vet and i also practice maize farming.I have good customer relation and offer better services to farmers and this have helped to attract as many customers as possible.I have one employee to help me deliver products to farmers by motobike and sometimes hire labourers in my farm when i want to plough or weed my farm.The business is profitable because i get the products direct from the supplier at lower price.One risk that my business faces is lack of capital to expand my business.My monthly cost is ksh 18000,sale ksh 80000 and profit of ksh 20000.This figures varies depending with seasons.Supporting this loan you will be supporting many lives that depends from the business earnings.
Thank you so much for accepting my application.I hope i am not late off season.I really want to use the amount to add more fertilizer and maize seeds.At the momment the demand is too high that the capital i have currently does not meet.I will buy one sack of DAP fertilizer 50kgs packed at KES 3150 ,one bale DK maize at KES 4200 and and one bale Duma maize seeds at KES 4800.
Positive
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Neutral
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Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 18, 2014
Repayment status
On Time
Projected term
2 months
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