Francis
Thika, Kenya
32% repaid
Name
Francis
Member since
February 2015
On-time repayments
45 installments • 9%
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 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.
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.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 28, 2015
Repayment status
Late
Projected term
10 months
Amount repaid
$33.33
Amount remaining
$71.60
Expected completion
Jan 10, 2016
Status
Repaying late
Installment amount
$2.22
Expected Payments | Actual Payments | ||
---|---|---|---|
Mar 8, 2015 | $10.13 | Mar 15, 2015 | $10.13 |
Mar 15, 2015 | $0.98 | Mar 15, 2015 | $0.98 |
Mar 22, 2015 | $5.56 | Apr 29, 2015 | $5.56 |
Mar 29, 2015 | $5.56 | Apr 29, 2015 | $5.56 |
Apr 5, 2015 | $0.00 | ||
Apr 12, 2015 | $0.00 | ||
Apr 19, 2015 | $0.00 | ||
Apr 26, 2015 | $0.00 | ||
May 3, 2015 | $2.22 | May 31, 2015 | $2.22 |
May 10, 2015 | $2.22 | May 31, 2015 | $2.22 |
May 17, 2015 | $2.22 | May 31, 2015 | $2.22 |
May 24, 2015 | $2.22 | May 31, 2015 | $2.22 |
May 31, 2015 | $2.22 | May 31, 2015 | $2.22 |
Jun 7, 2015 | $2.22 | ||
Jun 14, 2015 | $2.22 | ||
Jun 21, 2015 | $2.22 | ||
Jun 28, 2015 | $2.22 | ||
Jul 5, 2015 | $2.22 | ||
Jul 12, 2015 | $2.22 | ||
Jul 19, 2015 | $2.22 | ||
Jul 26, 2015 | $2.22 | ||
Aug 2, 2015 | $2.22 | ||
Aug 9, 2015 | $2.22 | ||
Aug 16, 2015 | $2.22 | ||
Aug 23, 2015 | $2.22 | ||
Aug 30, 2015 | $2.22 | ||
Sep 6, 2015 | $2.22 | ||
Sep 13, 2015 | $2.22 | ||
Sep 20, 2015 | $2.22 | ||
Sep 27, 2015 | $2.22 | ||
Oct 4, 2015 | $2.22 | ||
Oct 11, 2015 | $2.22 | ||
Oct 18, 2015 | $2.22 | ||
Oct 25, 2015 | $2.22 | ||
Nov 1, 2015 | $2.22 | ||
Nov 8, 2015 | $2.22 | ||
Nov 15, 2015 | $2.22 | ||
Nov 22, 2015 | $2.22 | ||
Nov 29, 2015 | $2.22 | ||
Dec 6, 2015 | $2.22 | ||
Dec 13, 2015 | $2.22 | ||
Dec 20, 2015 | $2.22 | ||
Dec 27, 2015 | $2.22 | ||
Jan 3, 2016 | $2.22 | ||
Jan 10, 2016 | $2.71 |
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