Entrepreneur
Name
David
Member since
December 2014
On-time repayments
214 installments • 77%
About Me
My name is David Musee, born and bred in Machakos County near Nairobi. I was a born in a family of seven and I am the first born. Machakos is a semi arid area and the main activity there is cattle rearing. Due to the harsh climatic conditions the pastrolists keep poor quality indigenous breed and they don’t make much from this activity.
I spent my childhood looking after by father’s cattle as was the norm them. I also attended school for my primary and secondary school before moving to Mombasa in an effort to break the yoke of poverty back home.
I came to Mombasa about 25 years ago and I was lucky enough to get a job in a food processing factory. I worked there for 11 years while making savings and learning skills that would come in handy when I started a similar business of my own later.
I am happily married with three children all who are in school.
My Business
My business deals with selling of food spices, food colors and flavours. I have been running this business for a long time and I do it with help of my brother, my wife and some casuals. I buy spices like cumin, cloves, pepper etc from farmers then dry and later ground them to fine form for sale to wholesalers and retail outlets.
There is always a ready market in Mombasa due to its large population of locals who like to put strong spices in their delicacies. There is also a huge market in the neighboring countries but I am yet to venture there due to financial constraints which have limited me to just serving the local market. I hope to create confidence with Zidisha lenders and with time get a good enough credit to enable me expand my business territory.
I make a net profit of $400 per month but this can easily go up if I am given a financial credit backing which I have lacked for a long time.
Loan Proposal
As mentioned in one of my previous posts, I want to venture into maize selling business to supplement my income. This has been made possible by the recent success I made in my spices business and I now feel it is high time I diversified my business.
Maize is the most common food in Kenya and I have contacted two schools who have shown serious interest in buying this product from me. If given this money, I will spend it to buy 10 bags of maize (one bag cost around $30) and then sell the same mainly to schools. I prefer dealing with schools since the payment is always guaranteed.
My past experience will come in handy when doing this business. I will mark up my price at 20% profit.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$368.00
Date disbursed
Jan 28, 2015
Repayment status
On Time
Projected term
19 months
Other loans
Lenders
[email protected], Belgium
Tempe, United States
Germany
United States
Germany
Pitten, Austria
United States
United Kingdom
United States
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Summary
Amount repaid
$433.04
Amount remaining
$0.00
Date repaid
Aug 19, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 8, 2015 | $6.01 | Feb 11, 2015 | $6.01 |
| Feb 15, 2015 | $6.01 | Feb 11, 2015 | $0.73 |
| Feb 23, 2015 | $5.28 | ||
| Feb 22, 2015 | $6.01 | Feb 23, 2015 | $0.31 |
| Mar 17, 2015 | $5.70 | ||
| Mar 1, 2015 | $6.01 | Mar 17, 2015 | $2.17 |
| Apr 3, 2015 | $3.84 | ||
| Mar 8, 2015 | $6.01 | Apr 3, 2015 | $6.01 |
| Mar 15, 2015 | $6.01 | Apr 3, 2015 | $6.01 |
| Mar 22, 2015 | $6.01 | Apr 3, 2015 | $1.21 |
| Apr 5, 2015 | $4.80 | ||
| Mar 29, 2015 | $6.01 | Apr 5, 2015 | $6.01 |
| Apr 5, 2015 | $6.01 | Apr 5, 2015 | $0.20 |
| Apr 6, 2015 | $5.81 | ||
| Apr 12, 2015 | $0.93 | Apr 6, 2015 | $0.93 |
| Apr 19, 2015 | $0.00 | ||
| Apr 26, 2015 | $0.00 | ||
| May 3, 2015 | $0.00 | ||
| May 10, 2015 | $1.69 | May 9, 2015 | $1.69 |
| May 17, 2015 | $1.69 | May 9, 2015 | $0.58 |
| Jun 3, 2015 | $1.10 | ||
| May 24, 2015 | $1.69 | Jun 3, 2015 | $1.69 |
| May 31, 2015 | $1.69 | Jun 3, 2015 | $0.36 |
| Jun 10, 2015 | $1.33 | ||
| Jun 7, 2015 | $1.69 | Jun 10, 2015 | $0.27 |
| Jun 17, 2015 | $1.42 | ||
| Jun 14, 2015 | $1.69 | Jun 17, 2015 | $1.69 |
| Jun 21, 2015 | $1.69 | Jun 17, 2015 | $1.69 |
| Jun 28, 2015 | $1.69 | Jun 17, 2015 | $1.69 |
| Jul 5, 2015 | $1.69 | Jun 17, 2015 | $0.27 |
| Jul 15, 2015 | $1.42 | ||
| Jul 12, 2015 | $1.69 | Jul 15, 2015 | $1.69 |
| Jul 19, 2015 | $0.83 | Jul 15, 2015 | $0.83 |
| Jul 26, 2015 | $2.25 | Aug 5, 2015 | $2.25 |
| Aug 2, 2015 | $2.25 | Aug 5, 2015 | $2.25 |
| Aug 9, 2015 | $2.25 | Aug 19, 2015 | $2.25 |
| Aug 16, 2015 | $2.25 | Aug 19, 2015 | $1.46 |
| Sep 2, 2015 | $0.79 | ||
| Aug 23, 2015 | $2.25 | Sep 2, 2015 | $0.67 |
| Sep 9, 2015 | $1.57 | ||
| Aug 30, 2015 | $2.25 | Sep 9, 2015 | $0.29 |
| Sep 16, 2015 | $1.96 | ||
| Sep 6, 2015 | $2.25 | Sep 16, 2015 | $2.25 |
| Sep 13, 2015 | $2.25 | Sep 16, 2015 | $0.29 |
| Sep 30, 2015 | $1.96 | ||
| Sep 20, 2015 | $2.25 | Sep 30, 2015 | $1.13 |
| Oct 7, 2015 | $1.11 | ||
| Sep 27, 2015 | $2.25 | Oct 7, 2015 | $0.94 |
| Oct 14, 2015 | $1.30 | ||
| Oct 4, 2015 | $2.25 | Oct 14, 2015 | $1.06 |
| Oct 21, 2015 | $1.19 | ||
| Oct 11, 2015 | $2.25 | Oct 21, 2015 | $1.17 |
| Oct 28, 2015 | $1.08 | ||
| Oct 18, 2015 | $2.25 | Oct 28, 2015 | $1.22 |
| Nov 4, 2015 | $1.02 | ||
| Oct 25, 2015 | $2.25 | Nov 4, 2015 | $2.25 |
| Nov 1, 2015 | $2.25 | Nov 4, 2015 | $1.22 |
| Nov 18, 2015 | $1.02 | ||
| Nov 8, 2015 | $2.25 | Nov 18, 2015 | $1.34 |
| Nov 25, 2015 | $0.91 | ||
| Nov 15, 2015 | $2.25 | Nov 25, 2015 | $1.17 |
| Dec 2, 2015 | $1.08 | ||
| Nov 22, 2015 | $2.25 | Dec 2, 2015 | $1.39 |
| Dec 23, 2015 | $0.85 | ||
| Nov 29, 2015 | $2.25 | Dec 23, 2015 | $2.25 |
| Dec 6, 2015 | $2.25 | Dec 23, 2015 | $2.25 |
| Dec 13, 2015 | $2.25 | Dec 23, 2015 | $1.73 |
| Dec 30, 2015 | $0.52 | ||
| Dec 20, 2015 | $2.25 | Dec 30, 2015 | $1.51 |
| Jan 6, 2016 | $0.74 | ||
| Dec 27, 2015 | $2.25 | Jan 6, 2016 | $2.25 |
| Jan 3, 2016 | $2.25 | Jan 6, 2016 | $0.10 |
| Jan 13, 2016 | $2.15 | ||
| Jan 10, 2016 | $2.25 | Jan 13, 2016 | $0.10 |
| Jan 20, 2016 | $2.15 | ||
| Jan 17, 2016 | $2.25 | Jan 20, 2016 | $0.04 |
| Jan 27, 2016 | $2.20 | ||
| Jan 24, 2016 | $2.25 | Jan 27, 2016 | $1.17 |
| Feb 10, 2016 | $1.08 | ||
| Jan 31, 2016 | $2.25 | Feb 10, 2016 | $2.25 |
| Feb 7, 2016 | $2.25 | Feb 10, 2016 | $1.73 |
| Feb 24, 2016 | $0.52 | ||
| Feb 14, 2016 | $2.25 | Feb 24, 2016 | $2.25 |
| Feb 21, 2016 | $2.25 | Feb 24, 2016 | $0.55 |
| Feb 25, 2016 | $1.70 | ||
| Feb 28, 2016 | $2.25 | Feb 25, 2016 | $1.11 |
| Mar 16, 2016 | $1.13 | ||
| Mar 6, 2016 | $2.25 | Mar 16, 2016 | $1.09 |
| Mar 23, 2016 | $1.16 | ||
| Mar 13, 2016 | $2.25 | Mar 23, 2016 | $1.54 |
| Mar 30, 2016 | $0.71 | ||
| Mar 20, 2016 | $2.25 | Mar 30, 2016 | $0.89 |
| Apr 6, 2016 | $1.36 | ||
| Mar 27, 2016 | $2.25 | Apr 6, 2016 | $2.01 |
| Apr 13, 2016 | $0.24 | ||
| Apr 3, 2016 | $2.25 | Apr 13, 2016 | $2.01 |
| Apr 20, 2016 | $0.24 | ||
| Apr 10, 2016 | $2.25 | Apr 20, 2016 | $2.12 |
| Apr 27, 2016 | $0.12 | ||
| Apr 17, 2016 | $2.25 | Apr 27, 2016 | $2.24 |
| May 4, 2016 | $0.01 | ||
| Apr 24, 2016 | $2.25 | May 4, 2016 | $2.24 |
| May 11, 2016 | $0.01 | ||
| May 1, 2016 | $2.25 | May 11, 2016 | $2.25 |
| May 8, 2016 | $2.25 | May 11, 2016 | $0.02 |
| May 25, 2016 | $2.22 | ||
| May 15, 2016 | $2.25 | May 25, 2016 | $1.71 |
| Jun 1, 2016 | $0.54 | ||
| May 22, 2016 | $2.25 | Jun 1, 2016 | $2.25 |
| May 29, 2016 | $2.25 | Jun 1, 2016 | $0.81 |
| Jun 16, 2016 | $1.44 | ||
| Jun 5, 2016 | $2.25 | Jun 16, 2016 | $1.20 |
| Jun 23, 2016 | $1.04 | ||
| Jun 12, 2016 | $2.25 | Jun 23, 2016 | $2.25 |
| Jun 19, 2016 | $2.25 | Jun 23, 2016 | $2.25 |
| Jun 26, 2016 | $2.25 | Jun 23, 2016 | $2.25 |
| Jul 3, 2016 | $2.25 | Jun 23, 2016 | $1.43 |
| Jul 28, 2016 | $0.82 | ||
| Jul 10, 2016 | $2.25 | Jul 28, 2016 | $2.25 |
| Jul 17, 2016 | $2.25 | Jul 28, 2016 | $1.99 |
| Aug 4, 2016 | $0.26 | ||
| Jul 24, 2016 | $2.25 | Aug 4, 2016 | $2.25 |
| Jul 31, 2016 | $2.25 | Aug 4, 2016 | $2.25 |
| Aug 7, 2016 | $2.25 | Aug 4, 2016 | $2.25 |
| Aug 14, 2016 | $0.08 | Aug 4, 2016 | $0.08 |
| Aug 21, 2016 | $67.42 | Aug 11, 2016 | $20.22 |
| Aug 19, 2016 | $47.19 | ||
| Aug 28, 2016 | $67.42 | Aug 19, 2016 | $67.42 |
| Sep 4, 2016 | $101.82 | Aug 19, 2016 | $101.82 |
harriet Mar 29, 2018
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