Business loan

Alfred

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Alfred

Member since

June 2014

On-time repayments

33 installments  •  45%

About Me

Am a middle aged man brought up in family of three children. I went to school in Tudor primary school in Mombasa where I got my K.C.P.E. certificate. Later on I joined Machakos school in rural area where I did my O level. After that I joined Mt. Kenya University - Main campus where i did a course in Tourism and Business studies for 3 years.

After my 3years in school i got my first job in Tamarind Hotel in Mombasa as a casual, i worked there for 8 months and we were sent home because tourism went down. After 3 years of hustling i got my second job in Diani Reef as a housekeeper still as a casual but there i didn't stay longer too, tourism went down and after few months many of us were sucked.
I was in a confusing state since i didn't know what to do, i planned to move out of the country to look for a job opportunity since i saw things were not working well with me in Kenya will my career. But all was in vain so i decided to a start a small business to cater for my needs because i had no choice i had to stand strong since am the first male in the family and my parents had to take me to school first so that my other small siblings can depend on me.

So the little savings I had in my account and some my father helped me with I started Mpesa business of which i cant say its not doing well as we talk at least its paying my bills and putting food on my table.

My Business

My Mpesa business is located in a very prime area, surrounded so many business includes shops, hotels, bars,salons etc that is an opportunity to me because most of my customers are within the area.
Right now what i need is taking my business on another level, by selling vegetables, Cereals, Tomatoes and Onions. That why am looking for a loan to boost my business.
The reason I know very well my business going to pay back the loan because have done a research and calculated the sales I will make per day. I will make at least 300kshs (in dollars $3.4) per day or even more when there is job, and not less than 200kshs ( In dollars $2.2) a day when the job is not good.

With the profit per day I will be paying the loan weekly from the sales I have made.

Loan Proposal

I will use this loan to buy for Vegetables and Cereals stuff for my clients,and also transport from supplies to place of work, i have a strong fillings that my business will grow and it has made my work more easy and more people will come for more goods and services at my Mpesa too,please help me on this have seen my friends progress through Zidisha and am sure by the grace of God all will be well with me too. Thanks.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jul 2, 2014

Repayment status

On Time

Projected term

2 months

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Lennert

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Matching Fund

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