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Silas

Kakamega, Kenya

100% repaid

Entrepreneur

Name

Silas

Member since

December 2018

On-time repayments

6 installments  •  67%

About Me

I reside in Kakamega, Kenya. I run a small, informal business which provides me with an avarage income to cater for my family's daily wants. I got into this business when I was laid off from my previous job. Sourcing for funds was a major setback especially for individuals like me. For instance in terms of ability to source for guarantors for provisions of loans . Fair enough, Zidisha is a platform that has evolved and it has been a major boost. It has relentlessly aided me with capital to elevate my business. I give credit to Zidisha and my kind benefactors.
Lately, I have been enrolled into environmental conservation by one of our local authorities. We do planting of tree seedlings and giving them out or selling to community groups for planting and conducting public education on the need for it.

My Business

I have set up a small business here at the heart of Kakamega town, Kenya, which is highly populated. I do retail on assorted
fruits namely- water melon, Irish guava, indigenous mangoes from local farms, pinaaples, pawpaw, bananas, and avocados. I opted for this kind of trade because, numerous people who visit town are always attracted to fruit stalls and are always yearning to have a bite of either fruits. I have a small stall from where I display and sell my ware(s) from. This is usually during mid day and afternoons when people are going back to their houses or moving from their business/work. In the mornings, I usually deliver supplies to my customers or display/hawk my stuff in areas outside my locality. Since I display my wares in the open, I only do so for a small part of the stock. I purchase extra stock that I know I will be able to sell off in the shortest time possible to avoid them going bad. The past three months have been rather low in sales as circulation of money has been limited as it has been a dry season . Short rains have started and Kenya being an agricultural country, money generally follows the rains. We are also getting into the holiday season and demand for my products will rise hence sales will be high.
Through my business, I have managed to pay for the upkeep of my family and meet my/our daily financial needs. I have also managed get some capital to venture into tree planting, this ofcourse is attributed to seedlings that come from this fruits which is a worthwhile activity towards environmental conservation.
Zidisha has generously assisted me, and I have managed to expand my business and reach more customers.

Loan Proposal

buy cups for imputing tea

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Dec 18, 2019

Repayment status

On Time

Projected term

2 weeks

Lenders

R

Ru

New York, United States

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