88 installments • 84%
I am a native Kenyan citizen, born and raised in a third world country, face to face with all the shortcomings of it : Poverty, Poor Infrastructure, Hunger, Political instabilities, Under Development, Diseases, Corruption, Civil Wars just to mention a few. Born to two peasants who were casual labourers by then doing small casual jobs, they struggled to raise me together with two of my siblings and they have been through thick and thin to see us through school, I studied from elementary to tertiary thanks to government funds, NGO sponsorships and well wishers yet still it was not a walk in the park, am expected to pay back part of the Higher Education Loan Board (HELB) the cash they lended me for my campus fee as soon as I begin working. My desire is to own and run a stable business, I have a small one that is up and running but as they say the sky is the limit and am not even at the clouds yet,but nothing comes on a silver plata, I have to work for it, am not keen with being employed due to limited opportunities despite having well deserving certificates also I do not opt for employment due to its "enslaving" nature. A friend of mine categorically testified to me how Zidisha enabled him to grow and realise his goals and objectives and for sure it caught my attention and I said to myself, why not? I want to eradicate poverty off my shoulders and also save my family along and am quite optimistic Zidisha will be a part of this magnificent transformation. I want to grow bit by bit using this platform building a mutual relationship that at the end will bring up something beautiful, something to go down the history books.
I have an Mpesa shop accompanied with a few small add ups like sweets, credit and accessories, I need a loan to strengthen my capital base and solidify my business in the competitive market. The loan helps me buy small but fast moving and profitable products like sweets. I want to venture in three basic consumer goods that are ever on demand for both wholesale & retail, these are: Cooking oil, Cooking flour and Rice, these three always have a stable demand inspite and despite financial crisis at hand, and not only am I planning to start but also transport them to the door of my clients. For me to sale them at wholesale I will need to be buying them in bulk so that I can get a discount and this means more funding. I use the profits to invest more in the business since am single and not studying also have no responsibilities attached to anyone except myself. This will help me create job opportunities to the job seeking masses in my country.
Hello lenders, I am hereby applying for this loan to add more stock to my existing one, thanks to zidisha platform I was able to begin my small business with few fast moving goods, as per now after borrowing just 4 times It have drastically expanded my business, from small home supplies now am investing in maize and wheat flour which am personally supplying to my consumers, I have day to day orders from nearby hotels that use this products on daily basis, this is a sure market who prefer my products because I not only sell to them but also supply to them and much more at a wholesale price which is comparatively cheaper than other retail shops and on rare occasions give them on credit then I collect the balances at the end of the day, believe me you I am now having a mutual relationship with hotels around me that cater for middle and low class citizens who are the majority in my area zone. With a steady supply and a growing market, I can firmly assure the business will grow to an extraordinary length.
May 6, 2019
Cost to entrepreneur
Service fee: $14.38
Credit risk payment: $48.93