Entrepreneur
Name
Madesto
Member since
November 2015
On-time repayments
273 installments • 82%
About Me
I was born on 19th of august 1992.i joined kanduyi deb primary school in bungoma from1996-2005.i later joined friends school kamusinga to attain my o-level education where i passed with a B+.later joined strathmore university for CPAs and bachelor of commerce from 2010-2013.i worked temporary at tristan marketing as the assistant manager for 1year.then later joined MBSI ltd and worked as an operations manager for another 6months.i later formed my company under sole propreiotership and decided to venture into supplies of materials to schools and hotels.it has been a long jorney and challenging espesially when it comes to limited funds to sustain a consistent supply to my client.assistance of loan to sustain my supplies and to grow massively.
My Business
My business i deal with supply of vegetables fruits and cereals in massive quantity to schools and hotels on a daily basis.then at the end of the month i get paid in cash or cheque.my office and stalls are located in bungoma at the samw point.the items that i supply are high in demand and are needed on a daily basis.when it comes to revenue i simply pay the license from municipaal council of bungoma.this is where i get all my income fot me to pay fees and other need for my family in luding
Loan Proposal
i will use the amount of loan to pay some bills that i owe one of my suppliers who is a farmer so that he can be able to deliver the remaining products to my business.i will use for that case like ksh.300
I will also use the amount to buy some extra primary materials that i use to package the products that i sell at my shop like polythene bags and sugar bags.that might cost me like ksh.200
i will also use the loan for transportation of my items obtained from the farmer to my shop which might cost roughly ksh.200
The loan will also help me to add on the existing working capital so that i can be able to purchase extra several items.that will end up estimated at ksh.200.
Lastly the remaining amount of ksh.100 i will use to buy airtime for sufficient communication between me and my clients and suppliers.out of using this amount,i expect to make a profit of ksh.800.this is a slight increment .
My Videos
Apr 4, 2021: Loan for purchase of konica printaer and four laptops
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Loan Info
Project Type
Classic Loan
Disbursed amount
$11.00
Date disbursed
Aug 31, 2016
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
Summary
Amount repaid
$11.55
Amount remaining
$0.00
Date repaid
Oct 15, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 10, 2016 | $2.01 | Sep 22, 2016 | $2.01 |
| Sep 17, 2016 | $2.01 | Sep 22, 2016 | $2.01 |
| Sep 24, 2016 | $2.01 | Sep 22, 2016 | $2.01 |
| Oct 1, 2016 | $2.01 | Oct 1, 2016 | $2.01 |
| Oct 8, 2016 | $2.01 | Oct 8, 2016 | $2.01 |
| Oct 15, 2016 | $1.48 | Oct 15, 2016 | $1.48 |
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