Adding inventory

Moffat

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Moffat

Member since

March 2019

On-time repayments

88 installments  •  84%

About Me

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.

My Business

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.

Loan Proposal

I am hereby applying for another loan to add more inventory to my store, the demand for my food retail products is high and am not in a good position to sustain my market effectively, some of my clients are slowly leaking away due to the fact that am not able to supply to all of them with the stock that they want, some need them in bulk as a one stop shop. I have a ready market, delivery means as well as a spacious store to keep a large stock of goods but its almost empty. I am in dire need of help to sustain the market that I already have at my disposal, its mine to loose. I cannot loose it when I have generous lenders like you through Zidisha to help me sort this out. I am looking forward to your positive response, cheers!

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$341.00

Date disbursed

Jun 20, 2019

Repayment status

On Time

Projected term

21 months

Lenders

A

Anninymouse

Southampton, United Kingdom

ErikN

Stockholm, Sweden

MarktheMormon

Sandy, Utah, United States

M

MattLondon

London, United Kingdom

ads68

Melbourne, Australia

G

GrandmaMae

Wausau, United States

MrMichigander

Marquette, United States

C

Crainster

Chapel Hill, United States

W

Wade

United States

K

K

United States

Douglas St Quintin

Sydney, Australia

Rosario von Li

San Jose, Ca, United States

A

Andrei

United States

A

Adam

United Kingdom

Cliff

United States

Rory McLaughlin

Dallas, United States

Thomas

Sweden, Sweden

Gabriel Fenili

Santo André, Brazil

Y

YTSJ

London, United Kingdom

JC

Justin cohan

United States

V

Vidar

Oslo, Norway

P

Phips

Switzerland

I

isaac

United Kingdom

RC

Rudi Chen

United States

MS

Marcus Siegel

San Francisco, United States

GC

Greger Cronquist

Göteborg, Sweden

Ren

Minneapolis/StPaul, United States

Richard Paulin

Sydney, Australia

EA

Eric Ayers

Atlanta, United States

Outi

Finland

GB

Glenn Butler

United States

Ask Moffat a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Linda    Mar 31, 2022

    Good luck

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  • Moffat    Mar 29, 2022

    Through generous and futuristic lenders I was able to fully set my business ambition ablaze and I was able to not only start but also employ and expand a distribution business that has earned me a good networking within my niche, am here again ready to explore the potential filled business environment for advancement and expansion of my newly found empire.

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  • Moffat    Feb 9, 2021

    covid-19

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  • Moffat    Jan 4, 2021

    COVID-19

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  • Moffat    Nov 24, 2020

    COVID 19

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  • Moffat    Oct 13, 2020

    covid 19

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  • Moffat    Jun 23, 2020

    COVID 19

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  • Moffat    May 5, 2020

    covid-19

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  • Moffat    Mar 25, 2020

    corona virus

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  • Moffat    Feb 11, 2020

    Inflation

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  • Moffat    Jan 1, 2020

    Business uncertainties

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  • Moffat    Nov 24, 2019

    Business uncertainties.

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  • Moffat    Oct 7, 2019

    business uncertainty

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  • Moffat    Sep 29, 2019

    Business ups and downs

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  • Moffat    Sep 22, 2019

    Business instability

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  • Moffat    Sep 11, 2019

    Business difficulties.

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  • Moffat    Jul 4, 2019

    The platform is charging me a huge credit risk fee almost half of what I have borrowed, its not helping much and am fully servicing the loan, frankly speaking the site is not that helpful, I have to outsource funds from other "fair" lenders.

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  • Malte Horland    Jun 22, 2019

    Hi Moffat,

    I read your story as well as the blog article about your business and would be interested in talking about it in more detail.

    Feel free to contact me at: [email protected]

    I'm looking forward to hearing from you.

    Best regards,
    Malte

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  • Moffat    Jun 20, 2019

    Thank you for the loan, it will stabilize my business further.

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  • Moffat    Jun 16, 2019

    Hello lenders, first things first thank you all for the undivided support on my just repaid loan, It really expanded my business boundaries as well as I have learnt a lot of business information in the retail and wholesale trades. With the loan I multiplied my stock and also spent on marketing and means of delivery to my clients, all went well up to a certain point I had to reduce my installment limit for two installments then I came back to normalcy after a small business inconvenience. But as per now I was able to get the cash back, I re-invested in the business three times before my time for repaying the loan elapsed and trust me it was worthwhile, as per now my clients have increased and I have a heavy burden of having to supply to them more goods and am not able to sustain due to limited funds. I am hereby applying to get another chance to withhold the state of my business and if possible progress it.

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