Beer stock loan

Caleb Kioko

Embakasi, Kenya

100% repaid

Entrepreneur

Name

Caleb Kioko

Location

Embakasi, Kenya

On-time repayments

112 weekly installments  •  63%

About Me

About Me
My name is Caleb kioko. I come from KENYA in in Nairobi county. I started my basic school at a rural school back in the village, I furthered my education from there to Nzeveni secondary school . My parents are farmers by profession hence all my education cost was funded their product earns from the farm. In life it takes ones own imagination to be poor or rich ,thus you can identify a problem and solve it. I completed my secondary education and due to my hard work, and the respect that I have for people. I was employed in a store and began to identify the needs of the community. With the little savings made, I started my own Wines and spirits store to help me settle my bills and also pay school fees to my siblings. My people have unique cultural values in the sense of taboos and custom beliefs which are highly respected

My Business

I run a beauty products shop in my area. It is fully registered by the Kenyan law and located at off north airport road. I started this beauty business venture in this area because there was no one around so i grabbed this opportunity .Since i started the business, i can boast that people are always at my shop purchasing. The main products are The main motive behind me choosing this business was that, i saw many of my friends going far to get their beauty products hence getting robbed on their way back home.If I invest let say $ 200 within a week I can get $30 profit because as soon as I bring the goods people come in and purchase them . My business capital is not up to expectation since I want to purchase most of the products in order to attract almost 80% of people in the surrounding . The profit will also be used in reinvesting and opening of other stores in other to employ people and pay them to earn a living.

Loan Proposal

Since this is my first loan 76.19 $ dollars will be deducted (as per current dollar rate?
I will only get18.59 $ ,with this i will buy four bottles of legend brand 750 ml @4 $ and the balance of 2.5$ will be deposited in my business account.I will make efforts to repaythe loan within one week in order to access a bigger loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.52

Date disbursed

Sep 29, 2015

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Service fee: $4.98

Upon joining Zidisha, Caleb paid a lifetime membership fee of $8.86.

Caleb opted to pay $62.02 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

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