Buy an already operating business

Samuel Njihia

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Samuel Njihia

Member since

April 2014

On-time repayments

324 installments  •  99%

About Me

I was born 36 years ago in Kangari location Murang'a county. Am married to a wife and am father of two boys . I grew up in the village where my mum and my late father were small scale farmers. I got my education up to high school level. After my certificates I was not able to proceed to college because my other siblings were also in school and my mum single handedly could not afford. After high school I helped my mum in farming for two years after which I got a casual job in the capital Nairobi. The company didn't offer any unskilled personnel a parmanent job. So I decided to save for college fees. After two years I had not saved enough for the fees and I decided to venture in strawberry farming and I stopped working to concentrate on farming. I like farming, playing badminton and hanging out with kids.

My Business

I ventures into graphic design and printing which i had a lot of interests in when i was young, Kenya being a developing country needs alot of paper work and printing in general, then there are so many upcoming companies that needs advertisements inform of flyers, brochures, banners, stickers and company logs e.t.c.
From this business i pay my bills pay school fees for my children and i also make random visit to children home once a month.
I was doing farming only and this Zidisha platform helped me and i started this business from scratch which has also employed four other people.

Loan Proposal

Want to buy already operating business . The shop is in a strategic position where there is a good flow of customers. The business involves passport size photograph and photos printing, cd writing , flash disks and memory cards frames, graphic designs and other computer services. Total sale cost is 3333 dollars, Assets at 2222 dollars and a good will of 1111 dollars. I will add my saving to the loan to reach the said amount. I will use my earnings from my other printing business and strawberry farming to repay my loan. Without the help of zidisha lenders i cannot raise the funds. Thanks in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$951.56

Date disbursed

Jun 20, 2015

Repayment status

On Time

Projected term

21 months

Cost to entrepreneur

Service fee: $37.54

Lenders

ErikN

Stockholm, Sweden

quozl

Dublin, Ireland

Paul Buchheit

Mountain View, United States

MW

Matt Willis

United States

jtreyes

United States

PG

Paul Graham

United States

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