Business expansion

George Chege

Zebra Estate,githuguri Location, Machakos County, Kenya

60% repaid

Entrepreneur

Name

George Chege

Member since

January 2013

On-time repayments

191 installments  •  53%

About Me

I was born in the year 1982 in Muranga County, I join a primary school called Mbari Ya Hitii Primary School where a did my primary level education very well but I did not go to high School because of lack of School fees and started my business as a hawker in the year 1988 . and now am a businessman operating a wholesale business and a shop, am married with two children. One boy and a girl. My daughter is in primary school in class five and the boy is in class two. I am working very hard to provide for my family basic needs such as food and good Education.

My Business

My business is of selling merchandised goods both wholesale and retail. In my blessing shop I sell good like sweets, soaps, detergents, cooking fats, maize flour, wheat flour and many more goods, I also owner two motor circle where I have employed two people who work for me. I supply goods to all the shops in Zebra Estate and the surrounding areas. My dairy sale is Kenya Shillings fifty thousand shillings per day making a profit of Kenya shillings four thousand shillings per day after all the expenses and the business gives me a profit of Kenya shillings two thousand only

Loan Proposal

I kindly request a loan to expand my wholesale business and convert my shop to a mini supermarket/ self selection store. I will use Ksh 140, 000 to buy more merchandises such as foods stuff, cereals, sugar, detergents and many others households goods from local distributors and manufacturers in bulk to enjoy good trade and cash discounts the balance of the loan I will use to convert my shop in to a self selection store and stock it with more products for customers to choose from . This will increase my daily sales by 50% thus I will get more profit.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,497.67

Date disbursed

Dec 14, 2015

Repayment status

Late

Projected term

27 months

Cost to entrepreneur

Service fee: $103.71

George opted to pay $112.11 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

Kitty

Hailsham, United Kingdom

Zidisha

Sterling, United States

pentatonicscale

Niiza-shi, Japan

camilberlin

Berlin, Germany

Evan Lamos

Brussels, Belgium

E

erregen351

United States

J

johnrmeier

United States

MW

Matt Willis

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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