Raymond

Litein, Kenya

100% repaid

Entrepreneur

Name

Raymond

Member since

November 2013

On-time repayments

302 installments  •  15%

About Me

I am a twe old student at Kisii university pursuing a bachelor course in computer science,i am in my final year of study.I was born in a village called koiwa.koiwa is located in koiwa sub-location,mogogosiek location,konoin division, bureti district,kericho county.i am a 5th born in a family of 7 siblings.i started my schooling journey at koiwa primary then i joint kabianga high school.after my four years in kabianga high school i join kisii university under the government sponsored program me that is join admission board program me.i am a business oriented person,i have been running business as i study as well.

My Business

I started a business 8 months ago at Koiwa Trading Centre where i collect all the green leaves from farmers and taking them to the nearest tea factory for processing. I have three workers who helped me collect the green leaves in rural areas and bring them to my business premise at Koiwa Trading Centre. We pay farmers instantly depending on the weight of their tea leaves. Each kilo of a tea leave we buy at kshs 20 and subsequently sell at ksh 30 per kilo in nearest factory. Every month, by the help of my workers we collect to around 600kgs of tea leaves and i receive payments monthly. I pay my workers ksh 5000 exclusive of commission granted to them when they collect more tea leaves. This business has been booming and it is so profitable and i am planning to buy a vehicle to help me collect more tea leaves as possible. the competition is so stiff and punitive from the surrounding big companies and factories like KTDA among others. Despite this competition i make sure i fight strong and healthy to remain on top and win the market. I am planning to diversify and open a factory in future. The challenge i am facing is lack of funds to achieve this dream.

Loan Proposal

When i get this loan ,i will utilise it in my business,This will be done by employing more labour in order to collect more green leaves and subsequently get more returns.Am also intending to buy soon maybe for a start a( boda),motorcycle to assist me in collecting already purchased and to reach lots of places where farmers sell their green leaves.By doing so my business will gain high growth like for well known guys .

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Dec 1, 2013

Repayment status

On Time

Projected term

19 months

Lenders

JimVandegriff

Trinidad, California, United States

ElWal

Kirn, Germany

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