Jean damascene Nzasabimana

Muhanda Sector, Ngororero District- Kabaya Branch, Rwanda

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Jean damascene needed £3720.59 for his business.

Amount Requested

Amount requested:

£3720.59

Repayment term

Repayment term:

24 Months

Activity type

Activity type:

Trader

MFI Partner

MFI partner:

Umutanguha

Jean Damascene Nzasabimana lives with his wife and their 4 children who all attend school. To support his family he sells maize, beans and sorghum among others. He buys maize at $0.13 a kilogram and sells at $0.18, beans at $0.15 a kilogram and sells at $0.20, and sorghum at $0.14 a kilogram and sells at $0.20. He can earn around $550 per month after paying his expenses. He also sells other items like cooking oil and peanut flour in the Rambura Centre. He sells his products on retail and in large quantities according to his customer’s choice. He chose to start this business because in the village where he lives, there are so many people who buy and sell.  He needed to start supplying to them as well. He has been doing this activity for more than 3 years. He wants to expand his business by making a bulk purchase. With this loan, he would like to increase the quantity of pulses he sells. Improving his income will make it possible for him to move into a slightly bigger house where he can sell even more items, in addition to what he is selling now. In the future, he wants to supply private and public companies with his stock. He has two employees helping him with this shop but after the investment and expansion he will create two more jobs. He hopes after the investment he will be able to earn at least $600, increasing his income by a good margin.

loan added: 02 May 2018

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Jean damascene's loan Repayment schedule

Date Expected repayments Actual repayments
May 2018 £338.24 --
June 2018 £140.93 --
July 2018 £140.93 --
August 2018 £140.93 --
September 2018 £140.93 --
October 2018 £140.93 --


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