Entrepreneur
Name
Michael
Member since
October 2017
On-time repayments
33 installments • 67%
About Me
At age six, I was enrolled in class one at Roman Catholic basic school and continued to basic six. Back then, I used to play football with my friends but sustained injury on my head and that stopped me. Very funny a boy, but smart in class. I have completed senior high. Life was hard to live because no help was coming from the family so I engage my self in petty trading with the little money I gathered, I was selling biscuits and toffee. Through this business, I manage to secure this machine to boost the income. Married with two kids. The people in the community like farming and they cultivate vegetable crops such as tomatoes, pepper, cabbage etc.
My Business
A pounding machine that grinds boiled cassava or plantain for preparing food called fufu. Very useful because it reduces the workload during pounding. Easy to work with and fast. It cost much in repairing when it gets fault but it's able to sustain our daily manner due to the income.
Loan Proposal
Part will be used in paying my kids fees and the rest goes into my business. I will purchase items like busket($15.0),electrical board($50.0), cables ($30.0),grinding board($10.0).it will increase the efficiency of the machine and patronage will increase together with income.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$97.00
Date disbursed
Jan 16, 2018
Repayment status
Late
Projected term
5 months
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