Business expansion (selling second-hand clothes)

Timothy

Nakuru, Kenya

11% repaid

Entrepreneur

Name

Timothy

Member since

May 2015

On-time repayments

345 installments  •  80%

About Me

I was born and raised in the village, my father was a tailor my mother was a farmer. My father decided to re locate to greener pastures, he did that and we gladly went, we stayed in our new location for some years and my dad convinced my mother to sell the land again. The land was successfully sold and my dad took all the money drunk it all an we remained landless,we went to stay with relatives without or dad we dont know where he went. At seven years with my three siblings and mother,my mother gave me to someone to look after their cattle! i did not know how much i earned because its my mother who took the wages for upkeep. My uncle heard of our story and took upon himself to educate us,i was lucky to continue with school to secondary. i did menial jobs to sustain myself i could not get a nice job becouse my form four certificate had been withheld due to fee balance. I was able to clear the fee afterwards and took the certificate. I had a fiancee who helped me a lot but two days to my wedding my father who had come back committed suicide! nevertheless the wedding took place. Right now am married and have two children.

My Business

After marriage, i relocated to Nakuru where i began a micro business which never did well though i held on it, i was later sponsored to go to bible school for two years and graduated with a diploma. Right now iam iam doing partime as an insurance agent with British American Insurance Company. It is a good job but so many challenges of getting clients and sustaining them. iam also pursuing another diloma in Transformational Leadership in the local church. Iam currently the prefect of the class and a group leader in our small home bible study group where we meet once a Week. O once again come to appreciate the zidisha organisation for changing my life, I was able to pay my collage fees and even ventured in business which I began early this year, the business is doing well but some time I run short of finances this is the reason am requesting for another loan to help me expand my business.

Loan Proposal

Thanks lenders for fully funding my loan last time.This loan am applying for ,will help me buy more bales of is cond hand clothing and the proceeds will help me buy some basic building materials and clearing the land title deed fees.

Feedback

4

None

None

  • Mary    Nov 10, 2017

    Timothy is a wonderful borrower. He has a clear plan for what he wants to accomplish in life and goes for it! I would recommend funding future loans for him.

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    • Timothy    Jan 31, 2018

      Thanks Mary you are a great support to my vision I appreciate.

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    • Timothy    Jan 31, 2018

      Thanks Mary you are a great support to my vision I appreciate.

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  • Margaret    Oct 24, 2017

    Timothy paid his loan off perfectly, I would gladly lend to him again and encourage others to do the same.

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  • Margaret    Oct 15, 2017

    Timothy paid off his loan in a timely manner. I would gladly lend to him again and encourage others to do the same.

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  • James    Oct 14, 2017

    Loan repaid in full.

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    • Timothy    Jan 31, 2018

      Hi James,thanks a lot for standing with us in this great way.Am greatful.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,452.00

Date disbursed

Nov 10, 2017

Repayment status

Late

Projected term

54 months

Lenders

AndreaBravi

London, UK, Canada

Pere

Barcelona, Spain

Cloudways

Malta, Malta

S

SourceWebDesign

Nieuwegein, Netherlands

sderickson

Berkeley, CA, United States

bb4dogs

United States

Loungin

United States

HL

Holly Laird

Austin, United States

S

Stephan

Netherlands

Dave Bogard

New York, United States

PG

Paul Graham

United States

AH

ajay hampapur

United States

Humble Bundle Community

San Francisco, United States

R

RMIM

United States

Mike

Indianapolis, United States

Paul Buchheit

Mountain View, United States

M

Mary

United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Timothy    Jun 19, 2022

    Iam unable to pay the full full instalments ,the reason is my business collapsed and am now depending on my family to survive . However I'm doing my best to try and get something else to do.

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  • Timothy    Jan 18, 2022

    Dear lenders,am sorry things have just been so tough on me ,my business collapsed and my father is sick admitted in hospital,I will pay my loan as soon as possible.

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  • Timothy    Dec 6, 2021

    Things have just been too tough on me and am struggling alot with life and family but I'll try to pay slowly slowly slowly y

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  • Timothy    Nov 28, 2021

    Due to hard economic situation in my town . businesses are not doing.i haven't managed to get money to make repayments on my loan but am trying.

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  • Timothy    Nov 1, 2021

    The economic situation of my business and finances is not good my business closed am trying to look for cash to do something else.

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  • Timothy    Oct 3, 2021

    Financial constraints in family and the town has really affected the way of living in our country.

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  • Timothy    Sep 28, 2021

    I have been unwell for a long time and my business stopped am trying to looking for capital to start a new one.

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  • Timothy    Aug 15, 2021

    Hard economic times in our town and the collapse of my business in Nakuru.

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  • Timothy    Jul 27, 2021

    IAM trying my best to work and repay my loan but my business isn't working actually it's collapsed but am trying.

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  • Timothy    Jul 27, 2021

    Life has just been so unbearable,my business collapsed am trying to look for a job

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  • Lilian    Jul 12, 2021

    Timothy has promised to pay his loan though financially he says he is down

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  • Timothy    Jun 15, 2021

    I have had a challenge with my business.
    My business isn't doing well I have been forced to close due to rent arrears.

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  • Lilian    Jun 2, 2021

    Timothy says things have been tough on his side but promises to pay his loan by next week

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  • Timothy    May 19, 2021

    My business isn't doing well after our city was locked down due to the prevailing pandemic,I had to close due to the accumulation of rent arrears.

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  • Timothy    May 19, 2021

    I have had a very rough time during this pandemic,our city was locked down and working in business became so hard am now struggling even to feed my family.

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  • Timothy    May 14, 2021

    Financial hardships and business challenges in our town.. family hard economic times.

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  • Timothy    Apr 19, 2021

    Hard economy, my business isn't doing well.

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  • Lilian    Apr 16, 2021

    I have spoken to Timothy who has promised to pay his loan from next week

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  • Timothy    Apr 7, 2021

    Financial difficulties in my town.

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  • Timothy    Mar 22, 2021

    Financial difficulties

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