Saphan

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Saphan

Member since

November 2013

On-time repayments

82 installments  •  65%

About Me

I'm Saphan Ochieng Ongonga son of George Ongonga.Im 33 years of age and still single.I was born and raised in Kisumu District Kombewa Division Konindo Village.

I'm holding certificate in Automotive Engineering .
Initially I was given funds to boost stocks in my shop, which I did but unfortunately my shop burnt up by fire which was caused by surge in electrical failure.
That really brought me down, I did have financial problems from that fateful day when my shop was burnt.
I thank God as at now is started a shop again which sells inventories,that is all shop items.
I also sell groceries that includes watermelon , pineapples,apples ,bananas and ovacados as at now.
Things are doing fairly with me.

My Business

I from my basic salary i earn KES 43000 per month and from the business i get up to KES 15000 after deducting all expense so all this source of income can either be used to repay the loan.

I deal with shop inventories as I stated earlier and groceries in which I yield good profits.

The demand is there because of the people residing around nanyuki need this commodities as they are basic.I have more and potential customers because of relation to them and i do not sell at higher prices as others around.

The business is profitable because we buy in large quantity at a discounted price and resale at a profitable price.
What's more encouraging is that after all expenses deduction,I still realize a profit of ksh.15000 every week.

Loan Proposal

being that am involved in a small business,have a strong predicaments to improve and expand my business,this why am kindly applying these loan.have been fully engaging my self in selling household goods and now my plan is to start an hardware where i want to sell nails,timbers,iron sheets,multiple of paints in simple terms building materials.for what have saved in my account and the amount am requesting zidisha will really help to me to accomplish my business expansion.

Feedback

3

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Dec 4, 2013

Repayment status

On Time

Projected term

6 months

Lenders

nicole

Worcester, Ma, United States

AlexPalavas

Palavas les Flots, France

A

Anonymous

United States

TuveTheDog

Helsinki, Finland

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

Loading...

Loading...

Loading...