Business expansion loan

Alphazad Mutemi

Thika, Kenya

100% repaid

Entrepreneur

Name

Alphazad Mutemi

Member since

September 2013

On-time repayments

331 installments  •  14%

About Me

Am Alphazad Kyalo An Accountant by profession and Iive near in Makongeni Estate Thika.I work at Njimia Phamaceuticals as a Branch Accountant in Thika.I am planning to Start a Cosmetic business by the end of this month,and i believe i will have the potential of Making an extra income.I have been triggered by the presence of market Niche in this Business at the area where i want to start the business which i have purposed to curb.When the business picks i am planning to open several subsidiaries in different towns like meru and mwingi.My Pilot area of the business will be Kenol Town near Thika on your way to Meru.Through my business am planning to provide employment opportunities to youth menbers as a part of social responsibility to the society.I am greatful to zidisha organisation for their noble support.

My Business

I Am very grateful for the support that you are willing to offer me.Am seeking Zidisha lenders to lend me money so that I can expand my general shop business which I have recently opened in Mwingi area just after Thika. area, I will supplement and restock my business and make sure all the necessary commodity are available to make my business a one stop shop for all my customers in the area. As one of my strategic plans am planning to distribute Coco-cola products in the near future. Through the earnings I will ensure timely repayment of my loan in order to regularize my account and increase my credit limit .My monthly expenses would include the following;Rental expense,Salaries to the employees,Electricity,Licenses which will be paid on an Annual Basis and Transport Costs.

Loan Proposal

Hello lenders let me take this opportunity to thank you for lending me my first loan which I repaid comfortably.Kindly am requesting you to fund my second loan which I intent to use in my strategy of expanding my business.
I will use part of the money to buy chicken eggs which are on high demand and they have good MARGINS. With the remaining money I will purchase additional stock for my business in order to meet the ever escalating demand of products in my shop.
Thanks so much as you purpose to fund my loan. God Bless.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$147.81

Date disbursed

Feb 25, 2014

Repayment status

On Time

Projected term

8 weeks

Cost to entrepreneur

Lender interest: $147.81 at 3.91% annual rate over 1 month = $0.89

Service fee: $0.85

Lenders

Aahz

Manchester, United States

Sarasota

Sarasota, Fl, United States

G

GCAsmus

Minneapolis, United States

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