Mike

Kengatuny, Kenya

2% repaid

Entrepreneur

Name

Mike

Member since

July 2013

On-time repayments

6 installments  •  0%

About Me

Am mike sogoli 26 years old born and raise at kengatuny sub location,kocholia location,Amagoro division,teso north district in busia county. Iam I last born in the family of sixs children of three girls and three boys.
I attended kengatuny primary school where idid my Kenya certificate of primary school{KCPE}, I later proceeded to Tamulega secondary school where I sat for Kenya certificate of secondary school(KCSE). I then went to smart business technologies where I did a certificate in computer studies in eldoret.
Mike is a humble,social,cheerful and hardworking guy who is flexible and dertermined in whatever thing I do so long us its productive in life, after my education loked for something to earn a living, that’s when I managed to raise 20000kshs to which I used to open a small pub/bar in kocholia town.which iam still stay and running my small business.

My Business

Iam mike iown and run a small pub/bar in a small town called kocholia in teso north district in busia county. I have un average stock of 20000kshs which I used to start my business of a bar/pub.
I face small difficulties and challenges from here and here . firstly I lack enough tables and chairs for my customers to sit on when they come and enjoy there drink at my place. That’s why I need a loan from zidisha to buy more chairs and tables,secondly my stock is little I need more money to boost my stock so as I attract more customers to come to my bar. Thirdly I lack enough glasses to serve my customers because money of my customers who come to bar love to be served by glasses . That’s why am lookin forward for zidisha to lend in order I boost my business.
I have run my business for a bout two years now. My daily income from my bar is around 1000kshs a day, which accumulates to 30000kshs a month, but when I deduct 3000kshsh for rent,2000kshs for electricity bills,10000kshs for my monthly stock and 5000kshs for my small logistic like transportation ,paying the lady that assist me, am remaining with 10000kshs profit which makes me flexible to pay back the loan of zidisha.

Loan Proposal

Am requesting a loan from zidisha firstly my business lacks enough chairs & tables for my customers to sit on i need that loan so that i can buy more chairs & tables in my bar so that i may attract more customers to come,and to avoid congestion during serving time.secondly i lack more glasses to use because many of my customers like to be served with glasses, so i will use the money to buy more glasses to use so that my customers stop complaining,I also want to buy some portable tents to put a shed outsides so that during hot hours most of customers sit and relax outside, if they don't feel like sitting inside the house.Am looking these loan to be like a miracle to me because now that my stock will boost so that i can expand my space and at least to employ two helpers who will assist me at my business. I THANK Zidisha for the idea.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Aug 12, 2013

Repayment status

Late

Projected term

6 months

Lenders

Scott

Oregon, United States

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  • Mike    Oct 4, 2013

    i want to reschedule my loan repayment period to next month these is becouse my business caught fire and most of my stock got burned down with fire which has brought me back to zero leaving me strugling lacking enough money to repay back the loan that zidisha gave me. l still count the looses that fire has done to my business,kindly am appealing to zidisha to give me a nother one month inorder to enable me to start repaying the loan? due to that incidence coused by fire to my business am back to zero thats why am reguesting zidisha to reschedule my loan repayment to next month is when i will be able to start repaying back the loan.

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  • Scott    Aug 12, 2013

    Hey Mike, Best of luck to you. Hope the new inventory helps out. -Scott

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    • Mike    Aug 14, 2013

      Hey Scott am really grateful for you binding on me the money to allow zidisha to lend me. once again thank you and may God bless you..Mike

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