Entrepreneur
Name
Solomon
Member since
September 2015
On-time repayments
18 installments • 100%
About Me
I was brought up in rural part of Nandi County formally nandi district in Rift valley province in Kenya. I attended Sang'alo primary school, i did my O Levels at Kaptel secondary school to which I passed but did not have enough funds to attend university. I later joined St Pauls Theological Collage and graduated as a clegyman.
I have since worked as a pastor at Anglican Church but due to financial constrains i joined business sector early last year(2015) as I was paying educational fees for my siblings. I stated my busines after selling a piece of land at my home which was enough to purchase a mini-van that i currently use. My ethnic language is Nandi which is famously known to produce long distance athletes, we place high value on cattle and land.
i would like my children to attain highest education level possible and attain financial independence in medical sector. I am a clergy and guidance is my area of interest that in mind i like encouraging and advising community in spiritual and economic development issues
My Business
I am a land Lord of low class people in the society in eldoret.In Kenya and all of the world houses are in high demand .Current houses are expensive for low class people, I thought it could be good for me to provide this services particularly to those with very low income I.e hawkers, poorly paid which carries 90% of the population in the area.For instance am helping a mother and her family who normally pays me on a weekly after selling her banana on a daily basis.
I charge Ksh.1,500 per unit in a month and I've got only 12 units but the demand is still high, so I need money to make it look decent and if possible do some extension in the remaining space.
The income generated by the business is used to pay up for my children school fees and also for the family upkeep. Am also saving to expand my rental houses and if possible buy another piece of land.
As I said earlier on the second last paragraph on this profile there is a free space in my piece of plot, which now need to be developeand I'm kindly asking my leaders to reconsider me fundinding this expensive project for me,
Loan Proposal
My vehicle tires are at worn out state i would like to take a loan and add to buy new tires which will cost approximatively 80 dollars. this will reduce to number of punctures the vehicle experiences thus increasing efficiency and general returns.
I expend profound increase since it will increase the number of working hours
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 15, 2016
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
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