I Peter an internet4change agent of Akwero Evalyn sat together and carried out her monthly income and expenditures, and she wishes to apply for Loan amount of 600000/= and she is able to repay 50,000/= per month, in a period of 12 months. Her income and expenditures are as below:
INCOME:
Bracelets 280000/=
Total monthly income is 280000/=
EXPENDITURES:
-Food 50000/=
-Water 9000/=
-Medical 20000/=
-school fees 35000/=
-Rent 15000/=
-Transport 40000/=
-Clothings 5000/=
Total 174000/=
The difference between her monthly income and expenditures is 106000/=