Entrepreneur
Name
David
Member since
February 2015
On-time repayments
321 installments • 26%
About Me
My names are David Mutiso i came from a rural called mwala in KENYA,where i struggled to gain education ,i would walk for around 10km to my primary school,,I have really struggle with life and now i thank GOD am graduating this year ,am small scale poultry farmer,,,i usually support my family with all what i get from the poultry business.my hobbies are travelling and singing sacred songs.
My Business
my business is usually farming which have seen me overcome all my financial challenges in life,started poultry business after realizing the demand for chicken was very high and even today the demand is still very high,,,chicken are very resistance to diseases and bring very good returns,,i usually uses my profits for re investment and educating my siblings..The typical cost is about 20000ksh and the revenue is about 40000ksh,Now due to savings from poutry farming i have ventured in dairy cow farming which now i humbly request you to fund my loan towards purchase of freezer to store milk in order to store my milk while am marketing it so as it cannot go bad
Loan Proposal
Firstly i want to thank my lenders your support which have seen my business success, I now humbly request for support and financial funding to my third loan which i intend to buy a freezer in order to be able to store milk. I have been having a challenge in my business venture of after selling milk daily some usually go bad due to bad storage hence making incure some losses, This due to high temperatures here in Kenya. Thus when i acquire a deep freezer i will be able to store the milk while i am marketing it in my neighbourhood most of my customers being schools, hospitals and general public. The price of freezer is 350 dollars, I intend after getting your support and with combination of my savings be able to purchase the Freezer. This will increase my business profitability by 25% that is 10 dollars per day because no milk will go bad. I look for you support my dear lenders and i will appreciate your support
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Loan Info
Project Type
Classic Loan
Disbursed amount
$259.00
Date disbursed
Jan 19, 2016
Repayment status
Late
Projected term
65 months
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