Entrepreneur
Name
Kisalu
Member since
January 2015
On-time repayments
20 installments • 5%
About Me
My name is Kisalu Wambua. I am 29 years old and married with one child. I run a business in Mombasa city where I deal with sale of electrical installation items. I was born in Eastern side of Kenya in a place called Kitui.
I did eight years of primary and then four years of secondary school in Kitui and then joined a technical college where I was trained as an electrician. Due to lack of formal employment I decided to open an outlet for selling electrical installation items such as sockets, cables, bulbs etc. I cannot regret having taken this route of business because it has been a rewarding experience and I am able to provide for my family adequately through the business.
My Business
As mentioned above, I run a small shop in town where I sell electrical installation items. I source the items from wholesalers and then retail them at a profit from my outlet. I mainly sell to installation technicians who do wiring jobs in people’s homes. The future of the business is bright since the government of Kenya is currently doing a massive electrification throughout the country.
My sales volumes are not as high as I would like it to be due to lack of capital for expansion. I expect this to change with the credit that I will be getting from Zidisha. I make a net income of about $240 per month which goes into my family’s sustenance.
Loan Proposal
If given this money, I will use it to buy the following items 4 boxes of energy saving bulbs at a total cost of $95. I have decided to invest in this product because the government is running a campaign where consumers are encouraged to replace old filament bulbs with energy saving ones. I am sure I will be able to sell the stock within a short period.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 28, 2015
Repayment status
Late
Projected term
4 months
Lenders
Maputo, United States
United States
Summary
Amount repaid
$2.25
Amount remaining
$103.18
Expected completion
Jun 21, 2015
Status
Repaying late
Installment amount
$5.27
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 8, 2015 | $5.27 | Mar 19, 2015 | $2.25 |
| Feb 15, 2015 | $5.27 | ||
| Feb 22, 2015 | $5.27 | ||
| Mar 1, 2015 | $5.27 | ||
| Mar 8, 2015 | $5.27 | ||
| Mar 15, 2015 | $5.27 | ||
| Mar 22, 2015 | $5.27 | ||
| Mar 29, 2015 | $5.27 | ||
| Apr 5, 2015 | $5.27 | ||
| Apr 12, 2015 | $5.27 | ||
| Apr 19, 2015 | $5.27 | ||
| Apr 26, 2015 | $5.27 | ||
| May 3, 2015 | $5.27 | ||
| May 10, 2015 | $5.27 | ||
| May 17, 2015 | $5.27 | ||
| May 24, 2015 | $5.27 | ||
| May 31, 2015 | $5.27 | ||
| Jun 7, 2015 | $5.27 | ||
| Jun 14, 2015 | $5.27 | ||
| Jun 21, 2015 | $5.30 | ||
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