Business renting place

Martin

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Martin

Member since

June 2018

On-time repayments

16 installments  •  63%

About Me

My name is Martin Wanjohi I am a successful and battle-tested entrepreneur who is married and has one daughter. I live in Nairobi, Kenya, a place called Eastlands. I have lived in this area since I was young and I have been able to finish high school successfully. After graduating from high school, I was fortunate to have a father who paid for the first 2 years at the University of J.K.U.A.T however this all changed as my father was laid off and I had to go to school on borrowed money. This did not last long and so after 1 year, I was forced to look for money to go back to school. And so I went on for employment search, luckily I found one.
I started as a Supermarket attendant at East matt in Nairobi, where I was getting paid KES 15,000/- per month. I was working from 7 am till 8:30 pm and right at that time, I had the innate desire to one day open a shop of my own.
I later resigned from the role and decided to look for another job that would support my family and me. I landed a job as a Data analyst and since then I have been looking for a way to escape the daily rat race so I decided to save a small amount just enough to start a small shop(Duka in Swahili) together with my wife who was currently a housemaid. I made my wife in charge of being the shop assistant as I continue working as a data analyst.

My Business

The shop is a small retail store that sells basic needs to our neighbors. We started this shop in 2020 but it was not successful, so we reopened again in 2021 April. Basic goods include essential cooking oil, sugar, maize flour, sweets, milk, refreshing beverages, matchbox, toilet papers, stationery tools, e.t.c.
The goods we sell are considered important in our area as we are selling in residential neighborhoods.
We choose this business model since it was a way of helping us be able to help my family and also my parents and also since it was a dream of mine to start a shop back then when I was employed as a shop assistant.
The typical costs that come to mind when running this shop are mostly the refilling of run-out stock and also paying vendors who deliver to our doorstep. We started this shop with a revenue of 16,000/-(150 dollars) and now we generate a revenue of close to 10-15000/- per month.
The profits we get, we usually save on a joint account created by my wife and me. We are planning on giving our daughter a better life later on probably going to school.

Loan Proposal

Given the money. I would take this opportunity and rent an office to boost trust between the business and the customer and also gain more awareness with resellers and obtain a longterm hosting contract with them as I save to make enough for purchasing physical servers and data-center leasing iaas (infrastructure as a service) and server hardware acquisition while implementing open-source apps to serve as Software-as-a-service(Saas) to all customers locally and internationally.

Income Source

I have an advertising strategy with active campaigns that require some sort of capital to reach the target audience.
Given the current economic climate. I intend to market using social media i.e. Facebook, Instagram, and Linkedin since the majority of the target audience can be reached online as most of them are trying to stay home and away from the current pandemic.
This is an advantage for the business as my shop will be opened online 24/7. Acquiring customers will be a matter of delivering the service/product straight to their internet devices.
Every week I intended to bring 10 to 15 customers each bringing 1860

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$109.00

Date disbursed

Nov 14, 2020

Repayment status

On Time

Projected term

2 weeks

Lenders

D

Dave

Dropmore, Manitoba, Canada

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

KM

Kirk Moore

Cerdanyola del Vallès, Spain

A

Anonymous

United States

mesa

United Kingdom

D

Danielle

United States

A

Allan

United States

S

Sonia

United States

J

Jude

United States

V

Valentine

United States

J

Joan

United States

IR

Ivan Rowley

United States

Ask Martin a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Martin    Nov 2, 2021

    I would like to say thank you to everyone in Zidisha for giving me a chance. I shall not let you down.

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  • Duncan    Dec 3, 2020

    The member will be adjusting his loan according to his current revenue income from his venture.

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  • Martin    Nov 14, 2020

    With this loan, I will be able to add more on top of it to pay Rent + Deposit. If I fail to find more funds, I will buy an office chair and a table and take a picture, and share it here. Thank you so much for this loan, God Bless you all.

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  • Tobias Rittmeier    Nov 9, 2020

    Good Luck!

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  • Martin    Sep 12, 2019

    With these funds I will be able to pay the rent deposit as I push my self to pay the rest. Thank you so much.

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  • Martin    Jul 20, 2019

    My wife and I want to thank you for the thoughtful gift you have given us for our medical needs. Having such supporting lenders is truly a blessing. You don't know how much it means to us. With the help of your gift, My wife and I will be able to access the medical cover that we had always wanted.

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  • Martin    Jul 16, 2019

    Hi my dear friends,

    Thank You all for your continued support. May God bless you all and all your ventures

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  • Martin    Jun 23, 2019

    With this loan, i know now i will be able to acquire the trolley spare parts needed so as to work with it. I will be making returns since my customers were enquiring where i went, now they will be glad to see me back in business and ready to make profit for business continuity.
    To all my lenders, i know a simple thank you wont express my joy in getting this loan however i am truly thankful, wish i could show you how am smilling ear to ear. God bless you all

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  • Martin    Jun 17, 2019

    In 5 months, my life has improved from just a simple merchant to a busy business man. What can i say I am truly greatful for zidisha and mostly my lenderers. God Bless you all

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  • Martin    Apr 3, 2019

    Thank you Nicholas for helping me with the facility and also inspiring me. I am now able to update my inventory.

    I am most grateful sir for the facility. Be Blessed

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  • Nicholas Jerrat    Apr 1, 2019

    Keep going and good luck. You have a lot of passion. Stay focused on the important things.

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  • Marius Koch    Mar 11, 2019

    From a web developer to a web developer.

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  • Martin    Mar 5, 2019

    Thank you for the previous loan, i was able to update the inventory stock just before al my stock ran out. I am now able to to maintain the supply for the whole week.

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  • Martin    Jan 16, 2019

    Thank you Noel for this great opportunity. I am so glad i have received this loan. Now i will be able to update stock inventory and meet my daily target.

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  • Noel Hamill    Jan 13, 2019

    Best wishes for your business Martin!

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  • Martin    Jan 5, 2019

    I would like to thank my lender for aiding me with my last loan facility to conduct my trolley business of restocking the inventory, i am now seeing returns in my business of 50% thank you so much.

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  • Martin    Dec 5, 2018

    Greetings Cloudways,

    I am humbled by your continous effort and very glad to that i have recieved the amount as requested. The amount boorrowed will be used to repay another loan hence improving my borrowing relationship. Thank you for support you have offered in my time of need.

    Yours Trully,
    Martin Wanjohi

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  • Martin    Jul 3, 2018

    I would like to thank my lenderer who was so kind as to lend me the money which i used for my registration of zidisha account. I do hope to recieve more so as to facilitate my goal of innovating new solutions for africa.

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