Business expansion

George

Zebra Estate,githuguri Location, Machakos County, Kenya

60% repaid

Entrepreneur

Name

George

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

7

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,495.00

Date disbursed

Dec 14, 2015

Repayment status

Late

Projected term

27 months

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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  • Evans    Jul 11, 2017

    I have managed to engage George and has informed me that his car had a major mechanical problem and he is trying to get it fixed. That has made him to delaymakig payments.He has informed me that he will reduce the repayment amount while awaiting things to normalize.

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  • Evans    May 22, 2017

    Have managed to talk to George and has informed me that business has gone done because he has been away for the last 3 weeks but he will deposit some money on 27/05/2017

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  • Evans    Apr 11, 2017

    Dear Lenders,
    I have been able to reach George .He has informed me that he has been undergoing some financial difficulties due to change in flow of customers .
    He has promised to make payment before 16/04/2017

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  • George    Mar 9, 2017

    Hey, leaders l want to thank for the tyme that we spend together. l want to tell you that l want to reduce my loan payment because I have a very hard tyme because my job is too low, but I will try to go back to my payment on tyme

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  • George    Feb 10, 2017

    Dear lenders iwant to inform you that I want to reduce my loan payment because one of my motorcycle was stolen but I hope that i try to pay it on tyme. Thank for understanding me

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  • Evans    Jan 21, 2017

    Dear Lenders,
    George will clear his balance on Tuesday(24/01/2017)

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  • George    Sep 24, 2016

    Dear lenders I wish to reduce my loan repayment due to reduction on my cash flow in my business, currently the business is not doing well but i hope things will improve soon and will service my loan with out missing any payment.

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  • Evans    Sep 8, 2016

    Dear Lenders,
    George has informed me that he will make some payment on 10/09/2016

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  • Evans    Sep 8, 2016

    Dear Lenders,
    George has informed me that he will make some payment on Saturday(10/09/2016)

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  • George    May 7, 2016

    Dear lenders I wish to reduce my loan payment to Ksh 3500 which I can afford and pay comfortably. This is due to the cash flow problem but will improve with time hope will bear with me.

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  • Evans    Mar 22, 2016

    Dear Lenders,
    I have managed to talk to George and has confirmed to me that he will deposit the balance y tomorrow.I have also advised him to adjust the current weekly amount if it is too much for him.

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  • George    Jan 27, 2016

    i take this chance to request, you change me, sending you money from sunday to friday. this is because, there is mpesa problems on sunday. thank you as i humbly wait for your response

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  • George    Jan 27, 2016

    thank you for the money you lend to me, which i used to purchase a probox, which help me in delivering goods to my customers.

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  • George    Jan 27, 2016

    hi. i take these chance to apologize since i didn't send the money, reason is that i was sick that why i didn't send the money,but i will send it. thank you for you support toward my success

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  • Kitty    Dec 7, 2015

    Congratulations again, and good luck with this loan too

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  • George    Nov 30, 2015

    Thanks all lenders and Zidisha team for the support you have been giving me since I joined this programme, I life and that of my family have improved greatly. My business has grown from small shop to a medium supply and whole sale shop and I hope to convert it to a supermarket in the next funding.

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  • George    Sep 11, 2015

    hae i take this opportunity to apologize for failing to pay my debt on time, but i promise to pay it as soon as possible. thank you for understanding me.

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  • Brian    Aug 31, 2015

    George, I hope your business is going well, and that you and your family are now healthy. Thank you for your regular repayments, you are doing an excellent job of repaying.

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  • George    Aug 17, 2015

    i take this opportunity to thank you for the patience you have on me, as i continue paying my loan. i also thank you since when am unable to pay on time you are always good to me. last time i did not pay on time since i had a sick person.

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  • valliejc    Apr 8, 2015

    Hello George !

    Thank you for the kind words. Best regards to you and your family.

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