To buy materials for making watering cans

Francis Nyaga

Gakoromone, Kenya

100% repaid

Entrepreneur

Name

Francis Nyaga

Member since

April 2013

On-time repayments

293 installments  •  65%

About Me

l am the first born in my family among four children,we have been brought up by a single mother due to the divorce which occured when l was young when l did not know anything just am being told what happened,l live at gakoromone in meru with one wife whom l married year 2010 and we have been blessed with one duaghter,l am a business man having a passion of prospering in life,as far as my education is concerned l am a form four leaver who sat for k.c.e.s exam year 2005,in the year 2006 l was employed as a sales man in a certain jua kali in meru up to last year a month of six[june],after one month l started my own business in order to cater for my needs together with my family,l purchase more stock with some earnings which l get from my business inorder to keep my business alive.

My Business

as l have indicated above,l started my business last year 2012 in month of seven[july] since l had gained alot of experience from where l was employed,l deal with making and selling of jua kali product such as jikos,ngatas,sufurias,metal buckets etc,they are highly demanded since most them are household goods which one cannot do without,my customers prefer my goods because they are of good quality and that whenever any customer visit me l handle him or her with due respect as l can,my business is profitable because whenever customer visit me at first time he or she feels to come later and when he or she will becoming later there will be an introduction a new customer, secondly l manage properly the profit which l get from the business,my business face a risk of competition,my typcal monthly costs is 17,000kenya shillings while monthly sales is 35,000kenya shillings and lastly my monthly profit is 18,000kenya shillings.NB among this profit the basic needs have not been deducted.

Loan Proposal

I will use this amount of 306.6 USD to buy metal sheet materials which will asist me to make more watering cans.It will benefit my customers such a way that they will be able to water there plant since in our area it time of dry season.In turn my business will have an additional profit of 120USD.THANK YOU HAS YOU PREPARE TO FUND ME

Feedback

4

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  • Margaret    Sep 12, 2017

    Francis paid off his loan in a timely manner. I would gladly lend to him again and encourage others to do the same.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$321.01

Date disbursed

Jul 27, 2016

Repayment status

On Time

Projected term

65 months

Cost to entrepreneur

Service fee: $13.22

Lenders

Hope2012

United Kingdom

Zidisha

Sterling, United States

G

guenter

Bremen, Germany

MakeSense

-, St. Kitts and Nevis

W

WinWinNL

The Hague, Netherlands

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

Flipmore

Vancouver, Canada

D

Delok

Germany

SuperMario28

Cudahy, United States

V

Vivek

Arlington, VA, United States

PG

Paul Graham

United States

N

Nick

Greater London, United Kingdom

wissam

Jeddah, Saudi Arabia

Jonathan Ely

Aldershot, United Kingdom

MC

United States

Taylor

Memphis, United States

RG

Ravi Gadad

United States

Craig Newmark

United States

H

Hans

Czech Republic

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

David McLauchlan

Seattle, United States

A

Anonymous

United States

HCPSPIRIT

Helsinki, Finland

NG

Nathan Grey

United States

A

Anonymous

United States

M

Margaret

United States

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