Simon
Nakuru, Kenya
$0 to go
100% funded of $31 goal
0
days left
Name
Simon
Member since
August 2017
On-time repayments
8 installments • 25%
Hi,
I am Simon Kinyenje working as a business man at Nakuru town. I reside at Nakuru pipeline just 1km from Nakuru pipeline company. my life i have spend at Nakuru from primary education to university level as i attended anestar sec and egerton university.
the hardship i overcome is fund to capitalize in my business. To start my business i borrowed a soft loan which the interest was very high hence discouraged more borrowing also from my career point of view i have done Agribusiness management which ignite me to invest on businesss, this is due to skills in learnt in that course work. The unique thing in our culture is how everybody believe in business investments. On career of my children is they like being Doctors and Nurses. My Unique hobby is reading kenya gazzette and watching soccer. My mission is to professionally exploit my skills, energy and experience towards quality and quantity output in the
field of Agriculture and Business related fields, with high level of competence and integrity for the
betterment of Kenyan people and the world at large.
My business deals with agrochemicals, that is i buy products from main distributors and sell the to stockiests and i supply thro motorbike. These products are very usefull to farmers as i deal with products from twiga chemicals, bayer east africa, osho chemicals and sygenta ltd. I like this business because it help me grow as i meet more farmers do do marketing about the products. Averagely total cost and revenue varies with seasons as the farming is all about seasonality but it is around 80,000 cost and frofit per month is approximately 15,000-20,000. My profit i use it for daily bread, incooperating back to the business, schoolfees to my kids and home improvement.
I will use the loan to buy stocks to to my business for example i will buy 1kg of fungicide at 1.2$ and sell at 1.3$. This profit helps me on the growth of my business as to my customers they are able to get farm inputs easily and use them to increase farm produce.
If i continue to get loan my profit will increase and hence my business grows.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$31.00
Date disbursed
Sep 15, 2017
Repayment status
Late
Projected term
6 weeks
Other loans
Amount repaid
$0.00
Amount remaining
$30.91
Expected completion
Oct 30, 2017
Status
Repaying late
Installment amount
$5.94
Expected Payments | Actual Payments | ||
---|---|---|---|
Sep 25, 2017 | $5.94 | ||
Oct 2, 2017 | $5.94 | ||
Oct 9, 2017 | $5.94 | ||
Oct 16, 2017 | $5.94 | ||
Oct 23, 2017 | $5.94 | ||
Oct 30, 2017 | $1.24 |
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