84 installments • 85%
My name is John chege.I am married with two children . I am currently working and residing in Nakuru county, Bahati north district Heshima estate next to Gerald Catholic Church.
I completed my o levels in the year 2000 but could not proceed to college due to financial constraints.
I am now a business man engaged in hard ware business.
I started this business three years ago due to the ever increasing demand for building materials.
In this locality there are many upcoming buildings which provide a good customer base for my wares.
The hardware business involves buying and selling of various wares used in building and construction which include cement, iron –sheets nails , locks among many other things.
With the lsecond loan that I am I am seeking from ZIDISHA , I intend to expand my business to include a section for electrical fittings which I am currently stocking in small quantities due to low capital.
Most hardware items are bulky and hence most customers prefer to buy from the locality due to low transport cost. Further they are able to buy in small quantities
With the current stock, I make daily sales of about USD 250 with a daily gross profit of about USD 17 translating to about USD 510 per month. My main expenses are rent, electricity and transport , a total of USD 150 monthly, there by realizing a net profit of about USD 360 monthly . With this profit, I will comfortably be able to repay the loan.
with the loan from zidisha,i will buy the following items:50 pcs ordinary bulbs @15 USD , 50 pcs 4ft florescent tubes @40 USD, 1 roll 1.5mm electrical cable@35USD,20pcs energy saver electrical bulbs@20 USD.
since these are fast moving items i expect to make a profit of 30 USD monthly when i sell at retail prices.This will greatly lift my business and also bring services closer to my my local community
Feb 9, 2015