Erick
Nakuru, Kenya
100% repaid
Name
Erick
Member since
October 2014
On-time repayments
50 installments • 64%
I am an adult, married with three children. Professionally I am a teacher and proprietor for Nakuru intellect bookshop . I finished high school with a very good grade and joined university after difficult high school life because of lack of finances. Before joining university i worked in the informal sector for a neighbor in his tomato farm for one year earning $30 per month. After college I joined the education sector working for government as a schools teacher. To supplement my income i engaged my self in books selling which am currently doing though with financial challenges but i do have a resolve to make a market niche in spite of other established books sellers doing similar business. Support from Zidisha will help me realize my goal as a regional and later a national books seller. I am grateful to be associated with the entire Zidisha family for i do know that from the living testimonies around our environs business have propelled as a result of this social banking concept.Thank you and God bless Zidisha team.
My books selling business involves buying of secondary and primary books at bulk purchase price both exercise and text books. Normally I do buy from established appointed distributors. As has been in our education system books are an important resource in our education system. Books do have high demand but again due to many sellers in the market one has to establish his clientele base. Mostly being in the education sector has been a plus factor to me since I supply to various schools manly primary and secondary schools. Basically I chose this way of the enterprise because it is in line with my profession and also as a way of value addition to the education to my students and the schools at large. In the normal business point of profits I do manage an income of $230 net per month.However this being a good profit margin will help me repay the loan without much financial rough parch being experienced. My part of the profit goes to my kids education, my one employee, then the difference is reinvested in the business. Also one casual employee is factored in the same profit budget system. My positive expectation is that with this loan the business will go to the next level hence more growth.
I am very grateful to my lenders who have tirelessly given their money resource to see to it that somebody's live is changed for the better. This loan that I am applying for wil go a long way in boosting my stationery stock. Secondly it wil assist me in repairing my epson mavhine that I intend to use for printing services and producing photos for students and residents in my town.
In addition I am moving the business to a new strategic location that has higher human traffic. In this regard this opportunity could not have come at a better time because I intend to use part of the money to pay rent This shop space will not only enhance my supply business but will also increase retail sales. It is notable that the profits from this business that Zidisha has helped in a great deal has helped me to support my dependants including my aged parents. Thank you very much my lenders.
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$228.00
Date disbursed
Apr 7, 2015
Repayment status
On Time
Projected term
3 months
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