A loan to buy a refrigerator

Richard

Mishomoroni, Kenya

100% repaid

Entrepreneur

Name

Richard

Member since

August 2014

On-time repayments

76 installments  •  28%

About Me

I am Richard Mutisya, born and brought up in Kitui on the Eastern side of the Republic of Kenya. I went to school up to secondary school and later got a job in Mombasa where I was working in a music store.

I am married and I am a father of two children aged 12 and 5 years old and they are all in school. I am a team player and I participate in many social work and I am also actively involved in church activities. I am a family man and I like inculcating good values to my children and those around me.

I believe hard work pays and through the years, I have struggled a lot to be where I am and I believe in making progress year after year. I also like doing charity work when time and resources allow especially helping the aged in the society with their chores.

My Business

I run a small hotel where I serve food people from the local community and the surrounding areas. My business employs three workers and I am the fourth one. We prepare local cuisines and our prices range from $1 for a simple meal to $3 for a sumptuous meal.

Due to my experience in this area and maintaining high standards, I am almost always assured of a good flow of clients in my hotel. I make sales of about $500 per week out of which 10 - 15% is my profit after all expenses are paid. I use this money for my family''s upkeep and support my parents back home.

This is a modest amount of profit by urban standards and it leaves no room for business expansion. For this reason, I have to rely on credit for any kind of expansion hence my decision to join Zidisha.

Loan Proposal

I run my business in Mombasa town which is coastal city with a typical tropical climate and high humidity. This makes refrigeration a very important part of my business. Unfortunately due to inadequate funds, I am unable to buy one. The effect of this is that a lot of food goes to waste due to lack of refrigeration.

If I get this funding, I will be able to secure a second hand fridge at a cost of $200. I intend to top up the difference with my own savings. To all lenders, this is a viable project and I till make a big difference in how I do my business and curb the wastage that I am currently experiencing.

Due to the daily flow of customers to my establishment, I will be able to pay this loan as stated above. Kindly consider lending me and make a difference in my life.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$117.00

Date disbursed

Oct 2, 2014

Repayment status

On Time

Projected term

7 months

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Summary

Amount repaid

$123.75

Amount remaining

$0.00

Date repaid

Feb 4, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 9, 2014 $3.75 Oct 12, 2014 $3.75
Oct 16, 2014 $3.75 Oct 12, 2014 $3.07
Oct 29, 2014 $0.68
Oct 23, 2014 $3.75 Oct 29, 2014 $3.75
Oct 30, 2014 $3.75 Oct 29, 2014 $2.61
Oct 30, 2014 $1.14
Nov 6, 2014 $3.75 Oct 30, 2014 $1.14
Nov 6, 2014 $2.61
Nov 13, 2014 $3.75 Nov 6, 2014 $3.75
Nov 20, 2014 $3.75 Nov 6, 2014 $3.75
Nov 27, 2014 $3.75 Nov 6, 2014 $1.25
Nov 29, 2014 $2.50
Dec 4, 2014 $3.75 Nov 29, 2014 $3.18
Dec 14, 2014 $0.57
Dec 11, 2014 $3.75 Dec 14, 2014 $3.75
Dec 18, 2014 $3.75 Dec 14, 2014 $2.50
Dec 19, 2014 $1.25
Dec 25, 2014 $3.75 Dec 19, 2014 $1.59
Dec 29, 2014 $2.16
Jan 1, 2015 $3.75 Dec 29, 2014 $3.52
Jan 18, 2015 $0.23
Jan 8, 2015 $3.75 Jan 18, 2015 $3.75
Jan 15, 2015 $3.75 Jan 18, 2015 $3.07
Jan 29, 2015 $0.68
Jan 22, 2015 $3.75 Jan 29, 2015 $3.75
Jan 29, 2015 $3.75 Jan 29, 2015 $3.75
Feb 5, 2015 $3.75 Jan 29, 2015 $3.75
Feb 12, 2015 $3.75 Jan 29, 2015 $3.75
Feb 19, 2015 $3.75 Jan 29, 2015 $3.75
Feb 26, 2015 $3.75 Jan 29, 2015 $3.75
Mar 5, 2015 $3.75 Jan 29, 2015 $3.75
Mar 12, 2015 $3.75 Jan 29, 2015 $3.75
Mar 19, 2015 $3.75 Jan 29, 2015 $3.41
Feb 4, 2015 $0.34
Mar 26, 2015 $3.75 Feb 4, 2015 $3.75
Apr 2, 2015 $3.75 Feb 4, 2015 $3.75
Apr 9, 2015 $3.75 Feb 4, 2015 $3.75
Apr 16, 2015 $3.75 Feb 4, 2015 $3.75
Apr 23, 2015 $3.75 Feb 4, 2015 $3.75
Apr 30, 2015 $3.75 Feb 4, 2015 $3.75
May 7, 2015 $3.75 Feb 4, 2015 $3.75
May 14, 2015 $3.75 Feb 4, 2015 $3.75
May 21, 2015 $3.75 Feb 4, 2015 $3.75

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