Name
Frank
Member since
January 2014
On-time repayments
141 installments • 71%
I am 38yrs old, Kenyan citizen, first born in a family of four, I hold a Diploma in IT. Am from Meru county but I reside in Donholm. Am employed by KPLC. am married and expecting first early next year.
I got a space within Donholm where i live to setup a car wash. Happy i the got and its a great venture because its within residential area where there so many cars due to high population living around. I will be charging $1.50 per car and lorry $5,will have 3 employees, 1 washing machine and will install cctv cameras to monitor number of cars come and go when am at my normal work. with $700 dollars am able to setup and start running in a 1 week. i have $150 with me. investors i need to raise the balance to achieve my goal. i target to clean at least 20 vehicles in a day hence i will be able to repay my loan without much struggle every week.
i will be able to buy at least 10 tonnes per trip of which am short of 500$.i will me paid on cash on delivery mood and i will be doing minimum of 2 trips per week of equal to 20 tonnes in a week at a cost of 800$ to 950$ . i will be buying each avocado at 0.05$ and resell at 0.10$. when i include logistics, loading and offloading labor, plus county government fee all totaling to 0.03$ hence left with a profit margin of 0.02$. am in the process of attaining all government documents needed to do the business.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$510.00
Date disbursed
Mar 6, 2017
Repayment status
On Time
Projected term
4 months
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