Open additional branch of my bulk food supply business

Madesto Waswa

Bungoma Town, Kenya

100% repaid

Entrepreneur

Name

Madesto Waswa

Member since

November 2015

On-time repayments

273 installments  •  82%

About Me

I was born on 19th of august 1992.i joined kanduyi deb primary school in bungoma from1996-2005.i later joined friends school kamusinga to attain my o-level education where i passed with a B+.later joined strathmore university for CPAs and bachelor of commerce from 2010-2013.i worked temporary at tristan marketing as the assistant manager for 1year.then later joined MBSI ltd and worked as an operations manager for another 6months.i later formed my company under sole propreiotership and decided to venture into supplies of materials to schools and hotels.it has been a long jorney and challenging espesially when it comes to limited funds to sustain a consistent supply to my client.assistance of loan to sustain my supplies and to grow massively.

My Business

My business i deal with supply of vegetables fruits and cereals in massive quantity to schools and hotels on a daily basis.then at the end of the month i get paid in cash or cheque.my office and stalls are located in bungoma at the samw point.the items that i supply are high in demand and are needed on a daily basis.when it comes to revenue i simply pay the license from municipaal council of bungoma.this is where i get all my income fot me to pay fees and other need for my family in luding

Loan Proposal

I WILL USE THE LOAN TO EXPAND MY CURRENT BUSINESS TO SET ASIDE ANOTHER BRANCH SO AS TO MAXIMIZE THE PROFITS AND INCREASE EMPLOYMENT OPPORTUNITY TO THE YOUTHS AROUND MY AREA.THESE ARE THE ITEMS AM GOING TO BUY FOR FURTHER EXPANSION:
VEGETABLES-KSH.11,000
FRUITS- KSH.7000
CEREALS-KSH.10,000
OTHERS-KSH.3,000
RENT FOR THE NEW SHOP-KSH.5,000.

OUT OF THESE,FROM THE OTHER EXISTING BRANCH EXPERIENCE THAT I HAVE HAD,I WILL BE ABLE TO GENERATE ENOUGH PROFIT AND CREATION OF EMPLOYMENT HENCE IMPROVING DEVOLUTION IN MY COUNTY.

My Videos

Apr 4, 2021: Loan for purchase of konica printaer and four laptops

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$389.50

Date disbursed

Mar 19, 2017

Repayment status

On Time

Projected term

25 months

Cost to entrepreneur

Service fee: $16.25

Madesto opted to pay $83.04 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

AndreaBravi

London, UK, Canada

Pere

Barcelona, Spain

R

rmacaw

Australia

Christopher

Copenhagen, Denmark

gseletko

South Perth, Australia

mikeice

Kohler, United States

Paul Buchheit

Mountain View, United States

Loungin

United States

SuperMario28

Cudahy, United States

Bernd Knabe

Dortmund, Germany

Fred

Germany

PM

Pedro Moreira

Braga, Portugal

Carlo Cruz

Cincinnati, OH, United States

Angela Linwood

Minneapolis, Minnesota, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

BE

Bob Ewing

United States

A

Anonymous

United States

WC

Walter Clarke

Phoenix, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

afaness

Germany

D

Dario

Switzerland

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

HB

Hugo Boss

United Kingdom

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