Buy sugar to sell

Richard Momanyi

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Richard Momanyi

Member since

June 2017

On-time repayments

117 installments  •  75%

About Me

My name is Richard Momanyi. I was born in Kisii county which is in the western part of Kenya. The main occupation there is farming and my parents are small scale farmers. I grew up helping them in the farm and we also used to keep some domestic animals like cows and goats.

I am married and looking forward to starting a family with of two children.

My Business

I do business in the coastal town of Mombasa city where I sell household items in a small shop. I sell items such as cooking oil, maize and wheat flour, sugar etc. I serve people who live in my neighborhood.

I make around $100 per month but I am hoping to increase this amount as I keep expanding the business. This amount will inch upwards due to continued support I am getting from Zidisha.

Loan Proposal

I will use this loan to buy 10 kilograms of sugar and then sell at my shop. I hope to make a good profit which will help me in my day to day activities.

Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$18.16

Date disbursed

Jun 8, 2017

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $0.80

Lenders

Paul Buchheit

Mountain View, United States

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