Business expansion

Stephen Samba

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Stephen Samba

Member since

May 2014

On-time repayments

54 installments  •  69%

About Me

I am 37 years of age , married to one beloved wife her name Mary. In the year 2006,we were blessed with a boy later in the year 2008,we were blessed with a baby girl. We live in eastliegh section 3 center plot no. 36/11/1155 thirteenth street eastliegh about 10km from Nairobi city centre. I started business a shop where I later introduced charcoal in the year 2012. This business has really changed my life situation because it has given me money that has enabled me to pay my rent, bills and even take my children to school.

My Business

My business is located at Eastliegh section 3 thirteenth street. It is by the name Stemsa Shop and I sell charcoal. It is located about 100 meters away from the eastliegh section 3 bus stop opposite Dubai supermarket. In my business i give services of selling food products, charcoal, onions, fruits, shoes and cereals. I also sell juices, sugar, cooking oil(solid and liquid ),breads and cakes among other items. I had previously been given a loan from co-operative bank easltliegh branch worthy Kes:80,000 and repaid it within 13 months ahead of time frame of 18 months period. I am requesting a loan from the Zidisha Micro-finance lenders to boost my business and expand. I promise to abide the Zidisha rules and regulations and to be trustworthy and timely through your funds and the repayments time period .Thank you in advance.

Loan Proposal

To buy more stock for my business and do expand the client base. My client base is big hence needs variety of products to be stocked in my store. Generally these loan will assist me in building up the business and I will be able to compete with other shops around the location.I will be grand if I get this money in good time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$380.41

Date disbursed

Jan 14, 2016

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $15.80

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

Lenders

KM

British Columbia, Canada, Canada

Matt B

Stratford Upon Avon, United Kingdom

PG

Paul Graham

United States

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