Entrepreneur
Name
Louis
Member since
February 2014
On-time repayments
186 installments • 61%
About Me
I farm chicken, cattle, goats, geese and ducks. I also grow vegetables for income. I started my business three years ago. I did so to support and educate my siblings and to fend for myself. I contribute to community initiatives like fees for the poor and also to fund economic empowerment projects. Earnings are also used to buy crop impliments, animal medicines, to cater for bills and expenses too. I will expand my herd, increase acreage under crop production and earn more from the work of my hands.
My Business
I started my business in 2010, its now 11 years since i started the business. i raise and sell chicken, cows, goats, geese and ducks. I also grow vegetable crops. I sell breeding and mature bulls and heifers, eggs, hens and cocks, geese, duck and crop at a profit, usually double or more eg capital of 30,000 gives returns of 65,000 net. My business has no inhibiting competition as the market is far from being saturated and is very profitable since it gives you double of what you input every month. At the moment the only risk is lack of water but I will invest on a big water tank and water pump to cut down risks. I will use the loan to invest in the business and am sure to repay it in very few days.
Loan Proposal
The facility would be used to do three things.
1. Increase operational capital by 70 USD
2. Increase inventory by 20 USD
3. Acquire equipment worth 50 USD.
Operational capital has been a challenge, as most items need to be restocked before they are completely over. With this facility, this will be sorted out.
We have received a lot of enquiries on new products which we hope to introduce. This would widen revenue.
We plan to procure equipment for blending juices. This would make use of fruits which are overipe and by adding value on fruits, it would mean more business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$140.00
Date disbursed
Sep 19, 2018
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
United Kingdom
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