Francis
Rongo, Kenya
$0 to go
100% funded of $6 goal
0
days left
Name
Francis
Member since
April 2016
On-time repayments
12 installments • 33%
I started my lower primary at ayuelo nursery school then proceeded to Diep primary school for my upper primary school where i finished in the year 2009. Due to lack of school fees i did not join secondary immediately but was forced to stay at home for 1year as my parents raised admission fees.
Finally i managed to get admitted but was later forced to drop out of school after persistently sent home for school fees. That is when i opted to start cooking chapati for sale in my neighborhood. A business i have now done for a couple of years.
My hobby is cooking and it is for this reason that developed the desire to start a business out of it.
My business is generally cooking and seliing chapati in my neighbourhood. Chapati is one of the staple foods in the area and for that reason it is ever on demand.
I chose this business because it is in line with my hobby and am so passionate about cooking.
Typical cost include not limited to wheat flour, cooking oil and charcoal.I use the profits to my rent, support my siblings and re invest partly for growth.
I will supplement this loan with my personal savings to purchase a bundle of wheat flour which currently retails at 1560KES.
I envision high demand during this festive season hence the need to set stock in advance.
Profit is likely to be supernormal owing to the excess demand anticipated.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Dec 25, 2016
Repayment status
Late
Projected term
6 weeks
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