Loan to expand my business

Abdi

Nairobi, Kenya

Funds disbursed

$0 to go

100% funded of $99 goal

0

days left

Entrepreneur

Name

Abdi

Member since

July 2017

On-time repayments

5 installments  •  0%

About Me

I am a young lady of Kenyan roots.I was born and raised in Malindi then later on moved to Nairobi.I was brought up by a Muslim mother who was a very staunch Muslim.She had set principles which she laid down to be followed by all of us in the family.She was a no joke type of a women.She never entertained nonsense at all.My mother was also strict on matters pertaining to education.She was punitive to any of my siblings who was not serious with her education.She taught us how to be productive people in life and more so she emphasized on discipline and described it as a paramount element or rather a paramount virtue in life that would help us in the future.After i completed my collage education, i used some savings that i had made while in collage to open up a peanut manufacturing company within Nairobi industrial area.I also borrowed some little amount from a bank to assist me establish this company of choice.What is unique in my culture is that every one, old and young have a great interest in doing business and become investors.I would like my children to have a prosperous life and live long on this earth.My hobby is drawing.

My Business

I completed my collage education and did not wait for a job opportunity to come my way.I never wanted to be employed by any firm or organization. All that i wanted was to start up my own business that i had full control and management of.I therefore started up a peanut manufacturing company in Nairobi industrial area.The major reason why i choose this kind of business is because i wanted to own a business of my own and to serve or work in someone's firm or private and public organizations, all that i wanted was something that i could do on my own and have good management of it and that is why i choose and started this kind of business after i completed my collage education three years ago.It is not as cheap as many out there think to manage a processing company.It takes a lot of courage,determination, good management and discipline to be able to run this kind of business.After a proper management, the profits are awesome and encouraging.I reinvest my profits.

Loan Proposal

I have already planned and have a strategy on how the loan will be used once it is disbursed in my account.The only thing i am waiting for is the loan to help me put in place whatever plans that i have laid for the business in an attempt to improve it and improvise some new technologies which are going to increase the efficiency of my business and change it to be profit marking business.One of the plans that i have is that , i am going to create banners to advertise my peanuts products to various cities in Kenya.This is going to market my brands and products outside the city of Nairobi to other various places in Kenya and it is going to help me increase the percentage of my supplies outside and inside Nairobi.I will also hire additional workers at my company to increase the pace of production and also to improve the productions to a larger amounts each day thus produce more products and this is going to help improve my revenues that i earn from the business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.00

Date disbursed

Jul 25, 2017

Repayment status

Late

Projected term

5 weeks

Lenders

Humble Bundle Community

San Francisco, United States

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Summary

Amount repaid

$0.00

Amount remaining

$98.78

Expected completion

Aug 30, 2017

Status

Repaying late

Installment amount

$19.76

Repayment History

Expected Payments Actual Payments
Aug 2, 2017 $19.76
Aug 9, 2017 $19.76
Aug 16, 2017 $19.76
Aug 23, 2017 $19.76
Aug 30, 2017 $19.76

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