Motorbike so that i can supply my products to my various cus
Vincent
Otonglo, Kenya
100% repaid
Entrepreneur
Name
Vincent
Member since
April 2017
On-time repayments
77 installments • 4%
About Me
My name is Vincent onyango from kisumu city I come from a family of six siblings life has not been so easy since I come from a polygamous family. And being a first born in the family but both my parents have struggled to cater for my education especially my father who is a business man . I have pursued supply chain management course and graduated in 2015 since then I have not managed to secure employment opportunity.and in January 2016 I decided to start my own business .where as my father gave me a starting capital to boost my business.from their I want to be a successful business man and raise my children with a good life .
My Business
I practice poultry farming that is I deal with chicken and hens and my business is situated in my homestead where I have constructed a house for my hens.I supply the hens to hotel industries and eggs to my local villagers.I decided to engage in this type of business because it has a high demand since food is a basic need and looking around it has no competition around my place .per a month I make a profit of 3500 Kenyan shillings. From this profit I use some and the remaining amount save in order to expand my business.
Loan Proposal
The loan am going to receive I want to purchase a second hand motorbike for 40,000 Kenyan shillings and the remaining amount I will buy more hens especially those ones laying eggs from this I know the breed will expand hence I will create more profit.The motorcycle also I will use it as a transport material carrying customers to various places.from this I know my profit per month will increase from 3500 to 7500 Kenyan shillings.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$493.00
Date disbursed
May 6, 2017
Repayment status
On Time
Projected term
19 months
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