Business expansion and buying of school uniforms

Stephen Munuvi

Utawala Mc Area Near Airways Hgh School Nairobi, Kenya

46% repaid

Entrepreneur

Name

Stephen Munuvi

On-time repayments

128 weekly installments  •  42%

About Me

I am married with one child. I started my wholesale business in selling bread and fresh milk to shops in the Utawala area in January 2011. The business is doing well and I am able to support my family. I also have a dress making business, which is run by my wife, and a M-pesa business.

My Business

My wholesale business provides bread and milk to all the shop in Utawala, Mc and Airways Area. I make a profit of about Ksh700 per day. I use a bicycle to deliver my products to my customers and the main challenge is to transport these goods, since they are very heavy and bulk. I will need to buy a motor bike to make transport easier and deliver all my products on time.

Loan Proposal

Dear lender I call a pone you to fund my loan so that I may be able to Expand my business. I will use the loan to increase my milk and bread stock. Ksh 10000 will be invested on my milk business and ksh 10000 on my bread business and the balance will be used to invest on my shop where I sell all sort of merchandise goods and school Uniforms . My bread business is a very fast moving product and my milk brand has penetrated the market and its doing okay. If you invest on my business it will help me increase my sales by over 50%.

Show original English  

About Me

I am married with one child and do business of selling bread on whole sales in Utawala area. I started my business in the year 2011 January and the business is doing well and am able to support my family. I also supply fresh milk to shops on whole sale price. I also do dress making business which is run by my wife and also M-pesa business.

My Business

My business are of selling bread and milk on whole sale to all the shop in Utawala , Mc and Airways Area and I make about Ksh,1,000 profit per day. I use a Motor Bike to supply this products and the main challenge is to transport my goods to customer which are very heavy and bulk. I bought a motor bike to make transport easy and deliver all my product on time. I hope zidisha will help me expand my business further by buying more stock for my business

Loan Proposal

Dear lender I call a pone you to fund my loan so that I may be able to Expand my business. I will use the loan to increase my milk and bread stock. Ksh 10000 will be invested on my milk business and ksh 10000 on my bread business and the balance will be used to invest on my shop where I sell all sort of merchandise goods and school Uniforms . My bread business is a very fast moving product and my milk brand has penetrated the market and its doing okay. If you invest on my business it will help me increase my sales by over 50%.

Feedback

17

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  • Svenip    Oct 2, 2014

    Very well done! Repaid everything 2 months ahead of schedule.

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  • Pierfausto    Sep 18, 2014

    Positive experience.

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  • KM    Sep 17, 2014

    Repaid regularly and ahead of time. More communication would have been appreciated, but otherwise a good borrower to do business with.

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  • Taata    Sep 17, 2014

    Fully paid, well done!

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  • chkuo    Sep 17, 2014

    repayments are mostly on-time, repaid in full early

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  • KYLE LARSON    Apr 27, 2014

    *** THANK YOU FOR REPAYMENT ***

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  • chkuo    Oct 17, 2013

    Timely payments and good communications, thanks!

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  • share    Sep 24, 2013

    All payments made in full and on time.

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  • investor    Sep 22, 2013

    Fully repaid! Good luck with your business.

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  • LaBretonne    Sep 16, 2013

    Repaid in full, thank you.

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  • Hope2012    Sep 9, 2013

    Repaid fine thanks and best wishes

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  • Ashbless    Sep 6, 2013

    This is the second time that Mr. Munuvi has fully repaid a loan from me via Zidisha. He is obviously a good businessperson and a responsible man. I would loan to him again and wish him all the best of luck in his future!

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  • Spock    Sep 20, 2012

    Paid back in full and ahead of schedule. Thank you and good luck!

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  • Ashbless    Sep 12, 2012

    Good stuff all around.

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  • Brian    Sep 11, 2012

    Terrific lending experience, the loan was paid back in full, 2 months ahead of schedule. Well done!

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  • canadianlstan    Aug 29, 2012

    Paid back in full, on time. Excellent borrower with updates and interactions. Congratulations, Stephen. I look forward to lending to you again!

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  • Heja    Aug 24, 2012

    Well done, Stephen.
    Good luck for the future!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$584.63

Date disbursed

Jan 8, 2016

Repayment status

Late

Projected term

14 months

Cost to entrepreneur

Service fee: 5% of $584.63 = $29.23

Stephen opted to pay $88.60 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

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