Entrepreneur
Name
Stephen
Member since
July 2016
On-time repayments
13 installments • 15%
About Me
I am Stephen Mwema, with a degree in economics, but currently a self employed supplier running a supplies company (Mwemba Supplies) which is in its start-up phase.
My Business
I started Mwemba Supplies, which supplies commodities to organizations, and I am currently trying to get some funds to fund an expansion phase.
Loan Proposal
I am a farmer with an eye in making it big in agribusiness. I currently have an acre that I leased and have planted potato. My aim is that when I get this loan, I will it to increase the acreage from the current 1 acre to 3 acres. With a loan of Ksh. 40,000, I will lease 2 more acres at a cost of Ksh. 4,000 each for a full year. That makes it to a total of 8,000. I will then dig the land at a cost of 4,000. Then buy seeds at a cost of 20,000 and fertilizer at a cost of 4,000. The remaining 6,000 will go to paying for labor.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$403.00
Date disbursed
Aug 18, 2016
Repayment status
On Time
Projected term
40 months
Other loans
Ask Stephen a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.