Entrepreneur
Name
Amon
Member since
February 2015
On-time repayments
268 installments • 56%
About Me
I am the second born of 5 brothers,went to a local school, not far from our home. At secondary level also went to village school and latter headed to a college. I ended up by lucking good job and out of my creativity i ventured to business. I believed in my education and hence started with what i studied with the little cash i had earned from farming.This is what i was brought up with since it is what people in our area does.I have a family of 1 young girl and am born again christian. My childhood was within strict displine from my parents especially dad, little did I play but rather engaged with home activities like farming or grazing. This would make us as family to overcome hardships as we got earnings and subsequently unitrupted education. I started my business through divine direction. A guy where I live called me for an employment as lab tech but after working for 1 week, I decided to quit because the commission was too little. I saw a place near a government hospital which had no lab and set mine just outside. It picked tremendously. People in my area are inter ethnic, business of all types exist here, unique feature. During my pastime, I enjoy watching movies or playing football.
My Business
currently am runnig medical clinic but i have employed a clinician so that i manage another shop for selling foodstuffs and other essential commodities for home usage. This commodities are daily consumed in all homes. Most of my stocks are suger, maize meal, rice, flour for baking, tealeaves, beverages, cooking fat and so on.Due to corona pandemic, the sales reduced gradualy forcing me use sales more often for upkeep.Ultimately the shop has been understocked and requires more financial injection in order to meet the demands for the clients. It is located in zambezi sigona area just not far from where i live. The cost for this products range from 1$ to 5$ although packaging can vary the cost upward. Am getting 23$ in a day but am projecting 40$ per day if i properly stock it. Am using the money generated to pay its rent and for the house where i live. I managed to start farming tree tomatoes in my rural home from the proceeds of this business. The capital used intially is approximately 3000$ but if i get another 1000$ i can get approximately 1000$ in a month. Am humbly requesting My Esteemed Lenders to assist me with cash to fulfill my desires.
Loan Proposal
I will buy more suger and maize flour in bulk which is mostly consumed. Suger per 50kg sack will cost 40$ and will buy 7 sacks of 50kg. Maize flour a bail of 12 packets will cost 10.2$ and will buy 14 bails which cost 14.6. This will make those commodities readily available for customer satisfaction and hence more customers in my business. The effect of this is increased sales volume which in turns gives me approximate 150$ as profit. This profit can buy additional maize flour of about 14 bails.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$363.00
Date disbursed
Jul 30, 2018
Repayment status
On Time
Projected term
23 months
Lenders
United States
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