Two more bicyles and 30 more crates of eggs

John

Matayos, Kenya

100% repaid

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How it Works

Entrepreneur

Name

John

Member since

January 2016

On-time repayments

51 installments • 71%

About Me

my name is john ouma,I am the first born in a family of 5 siblings, I went to Murumba primary school and the proceeded to St Mathias Busia secondary school,where i did my secondary education. due to lack of school fees I was not able to join college, I started washing cars in town to make ends meet. I did not like car washing job because it was strenous and the payment was so little, I saved some money to start eggs business, however i was caught by pneumonia just when I had started the business and most of my savings went into my treatment. Determined to succed when I got wel I approached a friend who loaned me $50 ,I bought 15 crates of eggs and sold them same day, I was able to repay my loan in three weeks. the business is expanding and I have now rented a room ,I thank God for these far.
I come from busia county it borders Uganda and is multi-cultured as so many communities live here.
I love watching football,and playing basketball during my free time. I also mentor young boys in our church through guiding and counseling.

My Business

I do eggs business both retail and wholesale, i sell my eggs to shops ,and individuals who are mainly students,I source my eggs from a farm in busia and I am always keen on quality i.e cleanness and size.
The demand for eggs is high because its a cheaper source of proteins and is easily available.
I choose these business because it was easy to start, and required less capital. I spend $100 per month on electricity and transport. my average income per month is $300.
I spend the money in business expansion, paying fees for my sibling and taking care of my parents,

Loan Proposal

The bicycle I bought with the first loan has ease my work and helped me increase my revenues.Due higher demand for the eggs,I am requesting for a loan to buy two more bicycles at cost of $220 and buy add stock of my eggs,buy 30 crates to meet high clients demands.Thank you in advance dear lenders.