Entrepreneur
Name
John
Member since
October 2014
On-time repayments
98 installments • 53%
About Me
I am 27 years old born in a poor family of seven. i schooled in a local government school called burumba primary school. i worked hard in my early education and managed to secure a high school at st. peters mumias boys. i got good grades to join moi univesity where i graduated with a bachelors of art in sociology. i did work study programs to survive in the university. i did farming as well to support my education. the unique part of my culture is that we believe in communial activities and we support each and every person who joins our community. my young boy wants to be a doctor when he grows up. my hobby and past time activity is farming.
My Business
i do farming most of my time. i plant onions, maize and kales. these crops provides food basket in my community. i choose these crops because they are the staple food in my community. my typical costs in a month is about kshs2000 and my revenues are approximately kshs 3400=. whatever little i get in these activity i use it to pay for my children school fees and re-invest part of it.
Loan Proposal
I intend to use the funds to buy a water tank with a capacity of 1000 litres. This is to assist in irrigation especially in dry season since most borehalls and springs around are seasonal. The water tank will enable me to irrigate my vegetables in dry season hence consistent earnings throughout the year. This will improve my earnings by atleast 30% and the i intend to use the funds to educate my children. The water tank cost kenya shillings 12500 and I have saved kenya shillings 4000 for the purchase of the water tank. I believe the loan will assist me to a larger extent to achieve my goal.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$98.00
Date disbursed
Jan 12, 2015
Repayment status
Late
Projected term
21 months
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