Agrovet & shop

Bernard Cheruiyot

Siwot Village, Kenya

100% repaid

Entrepreneur

Name

Bernard Cheruiyot

Location

Siwot Village, Kenya

On-time repayments

96 weekly installments  •  47%

About Me

I am a businessman and a farmer from Keringet, Kuresoi constituency in Nakuru County. My business is in Information Technology sector; I own a cyber cafe and a computer services shop in Molo. My business in situated in Tuulek House, Keringet centre, Kuresoi South Sub-county.
I offer computer services: cyber, typesetting, designing various items, printing, photo-printing, photocopy, scanning, lamination e.t.c).
In farming, I grow potatoes, peas and rear sheep.

My Business

I started the business in October 2012 with a computer which my friend assisted me with. I had to lend a printer from a friend at a monthly fee. The little amount of money I had was used to pay for office rent and license fees.
The business has been successful; currently I have acquired my own machines worth over (USD 1,948) and own other assets (bought directly from business income) worth over (USD 8,534).
I am also currently investing in a sheep farm.
The only hindering factor is raising enough capital in a short span of time; but I believe ZIDISHA is going to assist me solve this problem.

Loan Proposal

I started the business in October 2012 with a computer which my friend assisted me with. I had to lend a printer from a friend at a monthly fee. The little amount of money I had was used to pay for office rent and license fees. The business has been successful; currently I have acquired my own machines worth over Kenya shillings 176,000 (USD 1979) and own assets worth over Kenya shillings 300,000 (USD 3374). I am now planning to open new branches in two nearest centres. I also want to venture into viable businesses in the area (agro-dealers and general shops). The only hindering factor is raising enough capital in a short span of time; but, I believe ZIDISHA is going to assist me solve that problem. The USD 48 loan I received from ZIDISHA helped me in acquiring more materials which I am now using. The amount I am now requesting will be paid promptly (On-Time Repayment) will still be 100% as was of the earlier loan. I am really grateful for the first loan which helped me alot.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$149.33

Date disbursed

Jul 11, 2014

Repayment status

On Time

Projected term

7 weeks

Cost to entrepreneur

Lender interest: $149.33 at 8.43% annual rate over 1 month = $1.69

Service fee: $1.01

Lenders

Bobrm2k3

Charleston, United States

Zal0m0n

Atlantis!!!! x), Mauritania

H

howard

Vence, France

Sarasota

Sarasota, Fl, United States

Genady

Münich, Germany

dlpringle

Denver, United States

T

thebonseung

Republic of Korea

pvilliger

Zurich, Switzerland

anonymous

Huntington, United States

M

MikeP

United States

Mikers

Netherlands

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