Joan
Nairobi, Kenya
57% repaid
Name
Joan
Member since
January 2015
On-time repayments
111 installments • 22%
I was born upcountry in an average family went to primary school and secondary school and dropped out in college due to lack of school fees. I did farming and earned a little income and managed to start a cereal store that am intending to expand after i get this loan.one thing that we believe in our culture is work hard and tomorrow you will enjoy the fruits of your sweat.
I sell cereals in my locality and make little orders for my stock of around 10,000 Ksh. I intend to raise it to 50,000 Ksh to make a higher income and attend to many customers.i chose this business because resources are locally available and most of my customers require these services.
I use my income to support my parents pay house rent and other domestic necessities. I love my work and work hard to achieve my dreams as a woman.
Packaging cereal products is a process which is very difficult to accomplish. First of all the correct weight for the product must go into the packing material, secondly the material must be cheap, disposable and authorized by the local health officer. More over packaging machinery may be necessary at times.
My venture being in the cereal sector all I need is to buy bails usually small ones and tender a local printing firm for the various labels that will go into my various products.
For those who have been to Africa will have come across kienyeji, porridge and other food that need to be made of a mixture of two or more cereal products. That's what has made my business a boom. The good is the practice and process of mixing these products the sweet and delicious is the meal, and, nutritious will be the diet.
With the money I expect to buy khaki papers worth $ 700, transparent hard plastic 600x 300 worth $ 300 and contract a printing bunch of labels worth $ 200 While the rest will go to the weight and balances servicing officers.. Not to mention I will be supplying a now growing cycle of funds in my business. With the various purchase and sales cycles I expect to raise my profits by $ 600 (Ksh. 60000)
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Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 17, 2016
Repayment status
Late
Projected term
18 months
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