Loan to buy vegetables (kales, cabbages, onions) for sale
Mark
Kombe Village, Kenya
6% repaid
Entrepreneur
Name
Mark
Member since
February 2015
On-time repayments
17 installments • 47%
About Me
My name is Mark Okombo and I was born in 1986 at the Island of Mfangano in Homa County, Kenya. I currently live with my wife in Kasgunga Ward of Mbita Sub County having migrated from the island to seek business opportunity in Mbita for income.
I come from a family of eight, which includes my deceased two parents (mother and father), my little brother, and my four little sisters. I had the opportunity to go to school but I wasn't able to get very far. I dropped out in the ninth grade since I didn't have the means to continue my studies after the death of my parents, so I wasn't able to get my high school diploma. After this time, I decided to start selling fruit.
My Business
A few years after leaving school for lack of funds, I started a business selling bananas, oranges, and peanuts. I conduct business in front of the market yard in Mbita Town. I start selling in the evening around 4:00 P.M. and finish at about 9:00 or 9:30 P.M. I run this business to bring in revenue to meet my basic needs and often those of my family in food, health care, and clothing. When I heard my community leader (Kennedy Onyango) sister talk about Zidisha Microfinance, I immediately saw an opportunity to increase my business.
Loan Proposal
I need a loan of of KES 4,500 to enable me buy the following food items;
- 10Kgs of onions@ KES 1,000
-10Kgs of Kales@KES 2,000
-5Kgs of Cabages@KES 500
-7Kgs of tomatoes@KES 1,000
The food items purchase with the loan will give me a weekly profit of KES 1,000 x 4 = 4,000 per month. This is a profit increase of 20%. The loan from ZIDISHA will enable me to expand the business and repay the loan on time while meeting my family financial needs.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$47.00
Date disbursed
Aug 3, 2015
Repayment status
Late
Projected term
6 weeks
Other loans
Lenders
United States
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