23 installments • 61%
I am 43 years old business graduate, married, and a father of two children. Before I ventured into business 10 years ago, I was employed as a management accountant where I worked for 13 years.
I decided to venture into business full time to pursue my long-time hobby in order to improve my standard of living and also create employment opportunities for young people.
I have been operating the timber business, for the last ten years. Initially, I took it as a hobby which I was only engaging on weekends only.
Five years ago, I decided to resign from my employment and concentrate on the business full time. I have since expanded and acquired milling machines in order to reduce costs and also be able to offer market competitive prices.
I have engaged 10 people on a full-time basis and 7 on a casual basis.
I plan to utilize the loan in transporting my timber to the market. The quoted price for this exercise is 25,000.00
I will use the my profit for sales to cover loan expenses. And as such I will not fail to honour my pledge
Jan 11, 2021
Cost to entrepreneur
Service fee: $4.25
Credit risk payment: $11.92
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