Entrepreneur
Name
Muinde
Member since
January 2016
On-time repayments
238 installments • 21%
About Me
I am married and blessed with five Children. I came to think about business because I was employed but the salary I was earning was not enough with the many problems of school fees etc. I started selling vegetable which never succeeded. 10 years ago I started selling livestock and later changed to Second Hand Clothes. The profit I got I used part of it for our needs and the rest went back to the business. This has kept us going up to now. The unique thing about land in Machakos is very fertile but no rains. With time when I get money I wish to have a borehole and do irrigation. My children want to do farming when they grow up.
My Business
The Business of Selling Livestock is in big demand because people need meat. This is because they are in high demand. A cow cost about Kshs. 10,000.00 ($115) depending with the town.
I get profit of about 50% which helps us in our daily expenses and also reinvest in the business. After selling the first bale I managed to construct a small kiosk outside a house as I can’t afford to pay rent for a shop.
Loan Proposal
Once I get the loan I intent to use and buy livestock. I want to buy cows, sheep and goats. I also want to start a Butchery and employ an attendant to assist in sales. I will to repay the loan and also manage to save from the profit which will be more than 50%. As there are so many poor people in our country I will introduce them to Zidisha so that they also get loans and create employment.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 7, 2016
Repayment status
On Time
Projected term
2 months
Other loans
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