Name
Patrick
Member since
September 2017
On-time repayments
34 installments • 47%
My name is Patrick onyango. I was born 1996 in kisumu, Kenya. I was brought to nakuru in 2006 to live with my uncle who was a great business man. I used to go to school and on weekends I work in my uncle's shop. I there for grow a great interest in Business. After I finished my secondary education I joined egerton university where I pursued a degree In business management. I worked with private company for one year where I was able to save money from the salary which I was paid on a monthly basis. On the January 2018 I had a total of 75,000Ksh with which I was in good position financially to start a small business venture. My business of choice was maize Selling. I purchased poshomill which costed 60000. I used the remaining 15000 to buy inventory and the set up of the business.
My business involves buying maize from farmers and wholesalers and then I sell it to the consumers in the urban area of nakuru where my business is located. I sell it in three forms because of different customer preferences. I sell it as unprocessed maize for customers who go to stock it in their homes, secondly as maize flour where I process it using my poshomill and lastly as an improved maize flour commonly called number one. It is relatively a profitable
business in Kenya because it has got a steady supply and also ready market . As any business I face a lot of challanges. First, stiff competition from well developed maize millers. Second, inadequate capital to purchase more stock for my business.
Immediately the loan arrives.i will trevel to nairobi to buy material for my business. my business is doing well except that it needs more capital (actually quite a lot) that will enabling it to reach where I desire.that is a big fashion designer.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$58.00
Date disbursed
Oct 25, 2017
Repayment status
On Time
Projected term
10 months
Other loans
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Helen Horseman Oct 17, 2017
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