Entrepreneur
Name
Fredrick
Member since
March 2019
On-time repayments
27 installments • 26%
About Me
Am Fredrick Chango,born 20 years ago.I currently reside in Malaba Kenya,I have schooled upto secondary level where I completed my form four in the year 2018 and got an averaged grade.
Since my parent have no financial abilitg to take me to college,I decide to go and reside with my cousin who does business and he is the one who introduced me to the business of cereals and also referred me to zidisha for financial support.
My Business
My lenders from my profile above i was selling cereal but things did not not work well for me,and this made me even to have a poor repayment for my last loan.
But this year (2021) i changed my business and am currently selling and distributing eggs in malaba town.
This business i began after a friend of mine whom was my classmate introduced me to a supply who now supplies me with eggs on a credit terms,but for a few months i have felt with this business I can testify to you that it is profitable.
Loan Proposal
Hello lenders,the 20 Us dollars I will get I will add to the savings I have and purchase dry maize.
This will add my stock from 2 bags to 3 bags of dry maize,am expecting profit to increase by 25% ,this profit I intend to reinvest in my business and also use it to repay my Zidisha loan.
Thank you.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$20.00
Date disbursed
Mar 9, 2019
Repayment status
On Time
Projected term
4 weeks
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
New Zealand
Ask Fredrick a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.