Bring more merchandise from a neighboring country
Ian Ndirangu
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Ian Ndirangu
Member since
January 2015
On-time repayments
224 installments • 75%
About Me
My name is Ian Ndirangu, born in 1994 to a single mother. i still consider myself as a budding businessman but I hope to start competing with big boys in business very soon.
I have been attending business management courses where I have learned vital lessons about managing cash flow and keeping records. With your continued support, I hope to keep excelling in the field of business.
My Business
My business entails buying and selling small items like handkerchiefs and trinkets. I do this as a part-time business since I am still in college pursuing my an ICT course. I have been in this business for some time now and I have a good number of loyal clients who are my main source of business. Due to the limited time I have for the business, I do it from door to door and I also go to sell in areas where people gather in large numbers like restaurants (if the management is kind enough to allow it) and bus stations.
It is a tough business but I am glad that it brings food on the table, pays for education and even supports my family (my mother and sister ) in a small way. I make an average net profit of about $180 per month since I have few overheads,
With credit support, I know this amount can rise to a higher figure.
Loan Proposal
My business has grown by leaps and bounds. I have managed to to increase my income three-folds in the last one year. This is largely attributable to the Zidisha loans which have given me an edge over the competition.
With this money, I hope to travel to Uganda to buy a stock of shoes and fabric since they price is much lower there. The timing is perfect since I am expecting a surge in sales due to the end of year period which is our peak season.
Thank you very much for your continued support.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$809.21
Date disbursed
Dec 20, 2016
Repayment status
On Time
Projected term
12 months
Cost to entrepreneur
Service fee: $30.74
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