Inventory of bananas for market stall

Micheal

London Estate, Kenya

45% repaid

Entrepreneur

Name

Micheal

Member since

August 2014

On-time repayments

228 installments  •  88%

About Me

I was born on the 22nd, September, 1960. We were born five boys with no girl at all. I am the second born in the family. My elder brother passed on in 1990. My father passed on when I was in standard 6, in 1974. After the death of my father I went to stay with my maternal grandmother in May 1974 until I did my first national exams( Kenya Certificate of Primary Education) in 1975. Incidentally my elder brother had repeated some class, so he also sat for Kenya Certificate of Primary Education in the same year( 1975). I got 36 points in the exams( which is the maximum points in the exams then) while my elder brother got 32 points. Both of us were officially called to join government secondary schools. However since we were orphans both of us could not go to secondary schools because my mother was unemployed then. So the local chief of our area organized for a fundraising to raise money for both of us to join secondary schools. However the amount that was raised could only be sufficient for one of us to go to a secondary school. So I gave my elder brother a first chance to go to the secondary school where he had been called to join while I repeated standard 7 in order to join Starehe Boys Centre and school.

I later sat for Kenya Certificate of Primary Education exams for the second time in 1976 and got 34 points, 2 less than the maximum points of 36. I officially got a letter from Starehe Boys Centre and School to join form one there. I later did my Kenya Advanced Secondary School exams and got a division one.

l am a family man with 4 grown-up children.l worked with Telkom (K) Ltd for 24 years as a telecommunication technician and rose to the rank of a telecommunication engineer.While working with Telkom (K) I also got trained as a Peer Education Facilitator as well as Christian/Muslim Family Life Education Facilitator.

I went to Starehe Boys Centre and School where I attained two Subsidiary passes in Mathematics and Physics.

I was retrenched from Telkom (K) in 2008 thereafter I started keeping Livestock ( one dairy cow and some indigenous poultry)

From the earnings I am able to educate two orphans and four poor students in secondary school. With more income I shall be able to cater for education of many more needy children.

My hobbies are: reading bible, teaching the word of God, teaching about reproductive health and cheering local football and international football.
I am also a pastor with Church on the Rock Ministries in Africa. The church I pastor is situated within the environs of Nakuru town. The church has 40 members( adults and the youth).

My Business

I am still running my banana selling business with my wife in Nakuru Wholesale Market. So l intend to buy stock of 90 banana @ $6 per a banana, thereby costing me a total of $540( 54,000 kenya shillings). I also intend to use $250( 25,000 Kenya shillings) to pay my college fees balance in order to graduate with a diploma in Theology and Bible Studies in the month of March, 2019. The rest of the amount will cater for transportation and other logistics.

Loan Proposal

I shall buy 100 bananas @ $6.5 (650) per a banana costing $650 (65,000). I shall pay transport expenses for 100 bananas amounting to $120 (12,000). Two workers to offload the bananas from a lorry and the other two to carry the bananas to my market stall shall be paid a total of $40 (4000). My selling price per a banana shall be $8 (800). Total selling price shall be $800, fetching me a total interest of $150 (15,000) before deductions of expenses.
Benefits: I shall be able to raise the remaining fees of $250 (25,000) before graduation time in March, 2019. I shall also be able to feed my wife and two dependents who stay with us, one in a secondary school and the other in a college. I shall also be able to take care of my cow boy as well as the cow and calf back at home in the farm. My profit is likely to increase from $70 (7000) to $120 (12,000) after business expenses.

Feedback

5

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  • Dixie Davis    Aug 15, 2018

    Loaning to Michael is a real pleasure. He seems to do his best to live his faith, to help others. He gives frequent updates, and it's great to hear what he's doing with the money he receives. He's paying for orphans to go to school and trying to improve his business and standard of living. Michael is a real gift to us!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$823.00

Date disbursed

Feb 1, 2019

Repayment status

Late

Projected term

4 months

Lenders

C

CWS

Huntington beach, ca, United States

karestan

Toronto, Canada

bluntpixel

Durham, United Kingdom

ErikN

Stockholm, Sweden

MarktheMormon

Sandy, Utah, United States

L

ldron7

Utah, United States

Pere

Barcelona, Spain

Cordula

Cologne, Germany

JimVandegriff

Trinidad, California, United States

Tavin

Ottawa, Canada

C

cyrilleberger

Gammalkil, Sweden

Sundstroms

Falun, Sweden

M

mrmrsw

Bournemouth, United Kingdom

Cloudways

Malta, Malta

peanut

Halifax, Canada

ads68

Melbourne, Australia

JillV

Corning, United States

IM

Isak Maaseide

Tromso, Norway, Norway

calvero

Bergen, Norway

Michel

Paris, France

ShaneS

Port Pirie, Australia

JFais

Atlanta, United States

L

Leonora

TÄBY, Sweden

JonB

London, United Kingdom

D

DelapierceD

New York, United States

Freewolf

Salt Lake City, United States

D

DanielW

United States

G

GoughGirl

Washington, Dc, United States

SBlue1

Germany

M

Marko

Helsinki, Finland

D

DandS

United States

B

bugdaniel

Switzerland

johnhudson

Washington, DC, United States

N

Nicole

Pittsburgh, United States

R

roger

United Kingdom

Jamal Hamou

Cascadia, Canada

utdream

United States

M

MikeOWave

United States

TheGoodData

London, United Kingdom

PolarBearCapital

United States

M

MrsSim

London, United Kingdom

SuperMario28

Cudahy, United States

KieranB

Ireland

M

mbarbier

United States

DR

Daniel R

Berlin, Germany

Dave Bogard

New York, United States

MD

Miles Dodge

CORVALLIS, United States

Craig

Memphis, TN, United States

AT

avni trivedi

United Kingdom

Kristin Rhodes

Kansas City, Kansas, United States

JK

Hamburg, Germany

Kevin

San Francisco, United States

ME

Manaal Eisa

Washington DC, United States

AH

ajay hampapur

United States

Joe Lamantia

Reston, Virginia, United States

A

Andrei

United States

M

Marzl

Germany

MC

United States

RC

Rudi Chen

United States

Carla

United States

C P

Mazatlan, Mexico

Ren

Minneapolis/StPaul, United States

F

Frank

United States

M

Margaret

United States

MS

Merel S

Netherlands

JF

J Fister

United States

R

RMIM

United States

DW

Dan Winetsky

United States

Martha Fleury

Bethesda, MD, United States

WC

Walter Clarke

Phoenix, United States

W

Will

United States

S

SD

Japan

L

Liam

New Zealand

M

Mary

United States

Keith Chan

Toronto, Canada

A

Alex

United States

S

S

Canberra, Australia

JH

Jane Hanford

United Kingdom

Nethanel Kohen

NYC, United States

HB

Hugo Boss

United Kingdom

MR

Micky Richards

United Kingdom

PL

Philbert Lin

United States

L

Laea

Canada

MM

Mat Moore

United Kingdom

Kelsey Lesko

San Francisco, United States

Mai Phuong Nguyen

Nashville, United States

Raoul

Germany

L

lysander

Australia

Kevin

United States

Daniel Toke Hansen

Copenhagen, Denmark

RD

Roel De Meester

Antwerpen, Belgium

LM

Lee Montecucco

Washington State, United States

AD

Arthur Dent

United States

E

EJOBIV

United States

MB

MW Brown

United Kingdom

Jennie

Milan, Italy

Amon Munyaneza

Kigali Rwanda, United States

Richard Paulin

Sydney, Australia

MH

Matt Hodges

United Kingdom

CH

Christian Holck

United Kingdom

Genuine Interest

Singapore, Singapore

TD

Tim Duthie

United Kingdom

Remo

Switzerland

DO

Denis Ontiveros

Guildford, United Kingdom

S

Sandra

United States

B

Ben

United States

HW

Harry Wegert

United States

AO

Ahmed Omar

Netherlands

Ryan

Germany

DB

Darren Boyd

United States

Girolamo Marroccoli

Basel, Switzerland

H

Harrison

United States

United States

KC

Karen Case

United States

J

John

United States

VH

Valerie Henry

United States

EA

Eric Ayers

Atlanta, United States

BS

Brian Schmidt

United States

A

Anonymous

United States

KA

Kate and Tom

United States

Dustin Lape

Lynchburg, United States

CE

Christopher Engleright

Stafford, United States

BH

Brad Holaway

Scottsdale, United States

Andrew

United States

B

Bram

Germany

RS

Ralph Smyth

United Kingdom

LD

Lisa Dresner

United States

CA

Chad Aboud

Toronto, Canada

ND

Newport DECA

United States

A

Anonymous

United Kingdom

S

Sibyl

Basel, Switzerland

YL

Yna Lua

United States

JP

Brazil

Ask Micheal a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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