Acquisition of deep freezer for my butchery

Francis

Thika, Kenya

32% repaid

Entrepreneur

Name

Francis

Member since

February 2015

On-time repayments

45 installments  •  9%

About Me

My names are Francis Kibe Wakaba a born again Kenyan citizen by birth. Am now thirty five years old. I come from Kiambu County where I was raised and educated in my primary levels. I have done accounts course and graduated as certified public accountant of Kenya (CPAK) in the year 2012. I have been in white collar jobs since year 2006 whereby I have been employed as an accountant latest been a well known supermarket where I have worked as a stock accountant. As a result I have been saving towards starting my own business in food industry dealing with various fresh fruits and meat products. The business has been a great success due to the strong business management skills that I have acquired over time. The only challenge that I have been facing is the cash flow related due to inadequate source of funding. This type of business require some equipments like fridges and other coolers which allows you to keep sufficient stock that will keep the supply and demand at par to avoid stock outs and lost sales. My vision is to be an international fresh products supplier with business locations in the world major cities. We value the customer demands as he is the king in our business.

My Business

My business deals with the sale of fresh products that include fresh fruits and meat products. This business has grown from very humble beginnings with the help of God and consistent use of dynamic business strategies and royal clientele base which has boosted our annual sales of USD 5,620(five thousand six hundred and twenty) to more than USD 9,000 (nine thousand). The growth in our customer base has necessitated more capital outlay for the business to allow enough cash flow to run the business and to buy the various equipment needed to preserve the fresh products. These equipments will reduce the running expenses for the business since the benefits of the economy of scale will be achieved by cutting the transport costs and other costs related to procurement. This venture will require more money to be realized so am looking forward for a platform to borrow from Zidisha Team.

Loan Proposal

Hello Zidisha lenders I am grateful for accepting me as Zidisha borrower, my business consists of a fresh products retail outlet. Am looking forward to establish a good financial relationship with your organization. This will go a long way helping me in the smooth running of the business and even the improvement of our customer service delivery. We believe by been partners with you our wings to fly definitely will be stronger. Currently am in need of a deep freezer worth USD 400 (Four hundred) on cash terms. If you fund me with part of the cost price of the freezer, I will be able to supplement my savings of USD 300 (Three Hundred). God bless you for your support.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 28, 2015

Repayment status

Late

Projected term

10 months

Lenders

Zidisha

Sterling, United States

ads68

Melbourne, Australia

L

Leonora

TÄBY, Sweden

Y

Yasmine

Edinburgh, United Kingdom

mepster

San Francisco, Ca, United States

Bjorn

Heggedal, Norway

Cathy

Melbourne, Australia

MW

Matt Willis

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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