Name
Benson
Member since
July 2012
On-time repayments
64 installments • 45%
am married with 4 children who are all schooling in a nearby school, i live in plot no 22-1 in kiptagwanyi center. kiptagwanyi is about 43 kilometer from nakuru town i buy cereal in the area but i have another store in a place called kahuruko where i buy cereal there and my wife buy in kiptagwanyi center but in the evening i go kiptagwanyi because it is where we have home with my family, from my store in kahuruko and the one in kiptagwanyi i endup with a full loded lorry. the earning from this business i have buy a piece of land in kiptagwanyi about 1/4 which i want to build my homestead for my family
my business entail in cereal in this town , i buy cereal to the local and transport it to a place called ukabani where there is drought all the time , so i buy them 2000 ksh and i sell them 3000 so i get 500 in each bag of maize , it is a profitable business as i don't depend in a local market and in that case i get more profit and the cereal help the people of ukabani because thy cant afford to came here to buy only one bag of maize but i make them to afford when i am transport to them the main challenge is poor transport and high cost of living in this country which is accelerated by inflation
dear lenders i have stocked my store with more bags of maize and beans the only thing i didn't have is the money to transport this cereal to the place where there is market and a good profit,in this loan ,have of it will be used to transport my cereal to the market and the other have i will add more cereal so that after selling i will be able to return in the market with the one i will add, so i will go to the market in two time without fail, in that way i will made more profit and able to repay back the loan so i can take the second loan as quick as possible
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Dec 23, 2012
Repayment status
On Time
Projected term
12 months
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