Stock purchase

Erastus

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Erastus

Member since

May 2017

On-time repayments

38 installments  •  18%

About Me

My name is Erastus Muthee from Nakuru town, the forth largest town in Kenya,, located at Rift valley region,,, I was born in Nyandarua county at the slope of abedares ranges,,, At place called Marshes a very cold erea near Thampson fall. At the age of six years,, I started my Basic education in a school called kihara a government school. I studied for 8 yrs,, And graduated for tertiary level,, and due to financial constraints in our family,I was forced to join a nearby day school,, And luckly I completed after four years of study, After that I never had an opportunity to further my education and decided to look for a casual job an ambition that landed me in Nakuru town. I was able to get one as machine operator in timber saw mill, I worked there for five year and through savings I was able to purchase a small maize grinder as have already developed interest in machine operation.

My Business

My business involves buying and selling of maize and maize flour.I buy maize from farmers at lower price, and then sell it to consumers and a bit higher price,Grid some pack that flour at different size of 2kgs,5kgs,10kg and sell it to consumers. On a good day I can make 10 to 15 dollars or more depending on preference of customers. The profit I make I use it to pay power charges,, House rent,,, School fees for my 3Kids and of course to settle other r basic needs, The reminder I use it to buy more stock

Loan Proposal

I want to buy stock in form of maize, wheat $ millet and this will help me increase my supply capacity to customer.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

May 9, 2017

Repayment status

On Time

Projected term

6 weeks

Other loans

Lenders

The Zinc Team

San Francisco, United States

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