Entrepreneur
Name
Mary
Member since
September 2016
On-time repayments
197 installments • 84%
About Me
My name is mary, a mother of four, i am a single mother having lost my husband back in 2004, seeing my children grow has been one of the joyous journey of my life, been a single mother has taught how to be a father and a mother to my sons and thats where i learnt the art of business, i come from a giving community where everyone is happy to always help a friend.
My Business
I have a grocery where i specialize in selling vegetables and fruits, but the most notable source of my income is the fruits which i have been able to sell and raise enough capital to open a small hotel, i come from a region where the sun gets very hot in the afternoon and in my case i take this as a blessing and in the afternoon i make nutural juice mangoes and carrot and this had given me a large number of customers who seems to enjoy this. I use my profit to enlarge my business as i am able to pay school fees for my boys using the little amount of money that i get from two dairy cattles that i have kept.
Loan Proposal
Hello dear lenders, i have been able to buy some maize with the money that i have been making as profit considering i have not been having a loan, for that reason i have reduced the amount of money for the loan, i now wish to buy about 5bags of maize at 24$ per bag and 4bags of wheat at 35$ per bag, i am planning to take them to a poshomill and later sell them as flour, the approximated profit is about 10$ per bag of maize and 16$ per bag of wheat, the total estimated profit will be about 100$ the money i intend to use to grow my business. Thank you for your consideration.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$216.00
Date disbursed
Feb 17, 2018
Repayment status
Late
Projected term
38 months
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