Adding more capital to my business

Oscar

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Oscar

Member since

May 2016

On-time repayments

141 installments  •  46%

About Me

My name is Oscar Chirunga born in a family of Nine children seven boys and two girls.I was born and brought up in Kwale county in kinango sub county in kasemeni ward.i went to school in mnyenzeni primary and proceded to Taita Taveta county for my secondary education in a school called Munda secondary where i did my o levels.I later enrolled to Government institute in Mombasa and did financial accounts although due to financial constrain i was not able finish the course.I later moved to Mombasa town to look for employment but i was not able to secure one i decided to start my business of newspaper vendor.

My Business

I am a newspaper and Magazine Vendor where i sell all types of newspaper and magazines mainly those that are printed daily and are loved by majority of kenyans.I chose this kind of business because of the need i saw on my clients where the needed to read news.I receive the different types of newspapers every day from my supplier.I pay my supplier every end of week and the balance i invest at my home and also save some amount for my business expansion.

Loan Proposal

I wish to thank all the Zidisha Lenders for the support they have given people.When Given this loan i will use it as follows 100USD i will invest in buying dairy newspapers,90USD i will invest in buying monthly Magazines.This loan is going to increase my sales volume because i believe all my clients are going to get a variety of magazines that they need.Once again i appreciate your support and promise to pay in time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

May 24, 2016

Repayment status

On Time

Projected term

16 months

Other loans

Lenders

The Zinc Team

San Francisco, United States

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  • Henry    Jan 2, 2019

    Oscar has been paying only that he is not consistent his business was affected by the bylaws put in place by the County Government. He has however got all the required documents hopefully he is going to pay in time.

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  • Ndungu    Sep 23, 2018

    Oscar has promised to resume regular weekly repayments.
    VM.

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  • Ndungu    Sep 22, 2018

    Dear lenders, I am Oscar's secondary volunteer mentor. Fortunately, he works near my place and met him today. He told me that his repayments slowed down because he is taking care of his sick daughter. However, he promised to pay one installment today and resume regular repayments next month.

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  • Margaret    Feb 1, 2018

    I see you have missed payments to your lenders. You can change your payment schedule by logging into your account. It is very important to try to make small payments rather than none at all so you can work with Zidisha again.

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  • Margaret    Dec 29, 2017

    Hi Oscar,
    I hope your newspaper business is going well. I wish you a Happy New Year for you and your family! With Regards, Margaret

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  • Diana Rose    Mar 26, 2017

    Best of luck to you, Oscar!

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  • Margaret    Mar 25, 2017

    Hi Oscar,
    I hope the loan from Zidisha helps you grow your reading material business. Best of luck to you. Regards, Margaret

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  • Oscar    Mar 25, 2017

    I take this opportunity to thank all the zidisha lenders for the money that you have loaned me .you have done it in time i thank you so much.

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  • Oscar    Mar 20, 2017

    i take this opportunity to thank all the zidisha team for the money you gave me this has gone along way in improving my family living standards.Once again thank you so much.

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  • Oscar    May 22, 2016

    I take this opportunity to thank Zidisha for trusting me with your money.This is going to boost my business.

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