Entrepreneur
Name
Japheth
Member since
August 2016
On-time repayments
15 installments • 27%
About Me
I was born in a family of 8 and currently am the only one who has a stable income flowing. I am a water vendor and help ease water shortage to people in my estate. lack of transport always hinder my business as I have to pay for transport to bring water to my location.
I started my business with a small loan of 5000 from my father and I repaid the same and curently it helps me pay for rent and my child's schooling.
I used to play football and I am an urdent fan of football
My Business
I do water vending and I have done it for 4 years of which has brought food to my table, pay rent and pay school fees to my child.
I usually sell a 20ltr jerican at 30 and per day I usually sell about 100 jerricans that makes 3000 a day. expense which I usually incur are for carrying the water at 1000 for buying water at a designated place and 400 for carting the same.
Loan Proposal
I the loan will enable me buy more water containers to stock my business and help me also have more containers to hold water for sale to my sundry customers. Each container costs about 10 dollars and due to water shortage in the area I live it will help me stock containers both for sale and to help me in my water vending business
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Loan Info
Project Type
Classic Loan
Disbursed amount
$4.00
Date disbursed
Mar 6, 2017
Repayment status
On Time
Projected term
7 weeks
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