67 installments • 31%
I am young Kenyan who has found it hard like many other Kenyans to secure a job. I am IT trained and used to have a good job in the years 2005 to 2007 when the election violence rocked our country. I was working in a volatile area and had to leave all my belongings to save my life. It has been job application after job application with no luck and money to advance my education. I have since then bought a water pump and jumped into the construction center after advice from a close friend who has succeeded in the same water pump business.
While based in Kahawa West, I am now in the construction industry through my water pump business. I have a unique advantage of coupling it with my IT skills for small wiring jobs. I do not have the capital to do everything now plus build a business is a process which in my opinion, i am on the right track. I need to buy a few things that will ensure I offer the best services to clients and eventually buy another pump to be able to tackle more than one job at once.
My current water pump has been in and out of repairs and has greatly affected my business in the last two months. A zidisha loan and the proceeds i get from disposing my current water pump will go a long way in stabilizing my business. I will no longer fail my clients by not finishing a job or having to broker the job to another water pump guy.
Jan 16, 2015
Cost to entrepreneur
Lender interest: $259.39 at 3.46% annual rate over 10 months = $7.82
Service fee: $8.35