My name is Dominic Kipkemoi Koech.I come from a family of five and we live in Kiptenden village,Ndanai division,Bomet county in kenya.I sat my Kenya Certificate of Primary Education in 2009 and my Kenya certificate of Secondary Education in 2013.My father is unsuccessful businessman and my mother is a peasant farmer.
My childhood dream was to become one of the most successful entrepreneur.This dream was motivated by my father's ambition and love for business.At a tender age, I wanted to take part in the management of my father's businesses.Furthermore,I wanted to start,own and run my own business.However,this proved to be so difficult since i did not have the capital to start with. secondly,it was hard to decide on the most convenient and suitable business which could pick up quickly.
owing to the high demand for loan from the residents from my village and the fact that it was so hard to acquire the same,especially for the unemployed peasant farmers,an idea came into my mind one year ago.i thought to myself that if i came up with a Microfinance scheme,this could be of mutual assistance to both me and the loanees.i started one with a capital of ksh 10000.i give loan to people with a small interest rate of 20% per week.to date i have several clients,who demand a higher amount than i cannot afford.Your assistance will help boost my business and even reach as many people as i can.
I use the profit that accrue from my business to pay for school fees for my younger siblings and even sometimes contribute in the purchase of household needs.
Given this loan,i will expand my business.i will be able to loan more money to my clients.Consequently,this will help me acquire more profits while satisfying the needs of my clients.With time,i hope to open up the same business in new location.For this amount,I will get a profit of KSH 1000 in one week,which translates to KSH 4000 in a month.[Roughly a profit of 4 0 US dollars per month.
Loans to my clients
My name is Dominic Kipkemoi Koech.I come from a family of five and we live in Kiptenden village,Ndanai division,Bomet county in kenya.I sat my Kenya Certificate of Primary Education in 2009 and my Kenya certificate of Secondary Education in 2013.My father is unsuccessful businessman and my mother is a peasant farmer.
My childhood dream was to become one of the most successful entrepreneur.This dream was motivated by my father's ambition and love for business.At a tender age, I wanted to take part in the management of my father's businesses.Furthermore,I wanted to start,own and run my own business.However,this proved to be so difficult since i did not have the capital to start with. secondly,it was hard to decide on the most convenient and suitable business which could pick up quickly.
owing to the high demand for loan from the residents from my village and the fact that it was so hard to acquire the same,especially for the unemployed peasant farmers,an idea came into my mind one year ago.i thought to myself that if i came up with a Microfinance scheme,this could be of mutual assistance to both me and the loanees.i started one with a capital of ksh 10000.i give loan to people with a small interest rate of 20% per week.to date i have several clients,who demand a higher amount than i cannot afford.Your assistance will help boost my business and even reach as many people as i can.
I use the profit that accrue from my business to pay for school fees for my younger siblings and even sometimes contribute in the purchase of household needs.
Given this loan,i will expand my business.i will be able to loan more money to my clients.Consequently,this will help me acquire more profits while satisfying the needs of my clients.With time,i hope to open up the same business in new location.For this amount,I will get a profit of KSH 1000 in one week,which translates to KSH 4000 in a month.[Roughly a profit of 4 0 US dollars per month.