To put toward buying a restaurant business

Frank Mageto

Kisii, Kenya

18% repaid



Frank Mageto


Kisii, Kenya

On-time repayments

261 weekly installments  •  68%

About Me

I Frank Ogega Mageto i was born in 29th October 1984 at kisii county. I am the second born in our family.The family of mr. David Ogega Mageto and mrs. Martha Ogega our family consists four siblings, among them i am the second born. in our family Cliff Okindo Mageto is our first born followed by me, then Levin Nyanusi who is currently doing is bachelors degree at kenyatta university and our last born is Job Mageto who is in form one.
I hold the bachelors of arts in education degree from Makerere University college of Kampala. I am a businessman who is running the multiple business from Mobile banking, cyber cafe, stationery and Berber shop. i started business right from the time i was still at the university, running small scale business in our hostel.
while at college i met Rose and our relationship grew each day until we graduated. after graduation in January 2010, we had little capital from our savings of profits made from the business in college.we rented a single room and comforted our selves and hoping for the brighter morning each and every day.
After which we rented shop in kisii town in kisii county which we are paying $150 dollars a month.
Today we are a blessed with one charming beautiful daughter called Hazel Jerusa Mageto.

My Business

I am running the mobile banking business in kenya (m-pesa) which is worth $2000. cyber cafe which is worth $ 1000 and berber shop worth $800. i have four workers who i pay $ 50 each. i pay my shop rent $150 and eletricity $ 120 and lastly internet for $ 110.
I pay my house rent $ 120 whre eletricity i pay $ 20 , my budget at home is $ 150 and lastly i pay my house keeper $ 40.
my business keeps expanding each amd every month because i don't pay myself salary. so all the profits i return to business for the expansion. I want to grow my business and take it to the next level in couple of years and create massive job opportunities for the majority of unemployed youths in kenya. our business has done well for the past two years because of our dedicated efforts from me and rose.

Loan Proposal

One i receives this money i am planning to buy the business restaurant from a friend who is selling his business. The business am about to buy i have already negotiated terms with the owner Mr. Onchuru Dennis; the business is located at the central Business District of Kisii town. So I will use the following funds as follows;
I. Paying goodwill of Usd 30/- which is Ksh 30,000/- to the business owner
II. Paying rent for three (3) month which Usd 60/- which is ksh. 60,000/-
III. Purchasing furniture for the restaurant at Usd 30 which is Ksh 30,000/-
IV. Purchasing utensils at Usd 20 which is ksh 20,000/-
V. Purchasing uniforms for chefs and staff at Usd 15 which is Ksh. 15000/-
VI. Paints and rebranding at Usd 10/-which is Ksh.10,000/-
VII. Purchasing food stuff at Usd 40 which is Ksh. 40,000/-
Once I acquire all these I will be able to make good returns, since this is not a new business, it has been running quite well. So I will have to improve the business by making it more efficient.
I will also employ two new staff to the business since I have already inherited four employees. So the total stalls will be six, three chefs and three waitresses. And I will be able to make between Usd 20-40 in good day. So I hope you will support me to achieve this dream come true
Thank you so much





  • nicole    Oct 11, 2017

    My second loan to Frank -- still recommended!

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  • BernadetteV    Oct 11, 2017

    Loan repaid very early. I will support Frank again.

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  • BernadetteV    Jul 25, 2017

    Repaid loan very early. Thanks Frank.

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    • Frank Mageto    Jul 26, 2017

      Thank you so much BernadetteV for trusting me. I will strive my best to maintain the trust Zidisha has offered me.
      I am very gratefully for the support.

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    • Frank Mageto    Jul 26, 2017

      Thank you so much BernadetteV for trusting me. I will strive my best to maintain the trust Zidisha has offered me.
      I am very gratefully for the support.

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  • nicole    Jul 25, 2017

    Frank paid far ahead of schedule - I would gladly lend to him again!!

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    • Frank Mageto    Jul 26, 2017

      I am very glad too, to hear from you. Thank you so much i will maintain the trust that have gained from you.

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  • nicole    Jul 25, 2017

    Frank paid far ahead of schedule - I would gladly lend to him again!!

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  • Craig    Jul 11, 2016

    Congratulations Frank!

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    • Frank Mageto    Jul 11, 2016

      Thanks so much Craig, I am very grateful for this opportunity, May the Lord bless you for your assistance offered to me.
      Thanks so much.

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Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Oct 18, 2017

Repayment status


Projected term

51 months

Cost to entrepreneur

Service fee: 5% of $1,392.76 = $62.34



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Paul Buchheit

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Craig Newmark

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Jake Gibson and Beverly Picardo

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  • Frank Mageto    Sep 4, 2021

    Business climate if not favorable due Covid 19 pandemic, but we hope normalcy will resume very soon.

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    • Laurie    Sep 6, 2021

      At Zidisha, political posts are not allowed...
      my post isn't based on politics...
      my post is based on science...
      it's a public-service post:

      Re: "Business climate [is] not favorable due Covid 19 pandemic, but we hope normalcy will resume very soon."

      Yes, we all hope that, but we need to be doing more than hoping... we need to be praying hard... and we also need to be conscientiously taking all of the steps that are necessary to bring about an end to the pandemic. If the necessary steps had been taken long ago, we would have ended the problem long ago. It very possibly wouldn't even have become a worldwide pandemic, were it not for the idiotic decisions made by non-scientists and their utter bungling of the situation. The mishandling of the situation unfortunately only has continued by too many, and that is why we still are dealing with this... and it's why we will continue to deal with this for probably at least one to three more years...

      It won't end unless probably at least 80% of the world's population gets vaccinated, to reach "herd immunity" (or maybe it would need to be even 85%-90% vaccinated to reach that), so that the virus wouldn't have much of anywhere to go anymore... and, therefore, so that more new mutations/variants/strains of covid-19 wouldn't be able to develop and proliferate throughout the human population: [dr-fauci-what-herd-immunity-against-covid-would-look-like.html].

      Until that happens, all of us--(the unvaccinated *and* the vaccinated)--still have to continue to wear face masks and eye protection. The reasons, as you already may know, are that vaccines don't always prevent becoming infected; they usually prevent suffering severe illness and death from infection. And when a person is infected, even if there aren't any symptoms being experienced, that person can transmit the disease to others, who may get seriously ill and who possibly may die.

      Unvaccinated people have to wear masks to protect themselves and others from potentially serious illness and potential death from covid-19. Vaccinated people have to wear masks to protect others from potentially serious illness and potential death from covid-19. The vaccinated who don't wear masks (covering both the mouth and the nose) when around other people either are ignorant of this scientific fact or are selfish and irresponsible.

      Masks that cover both the mouth and the nose, at all times, whenever within about 26' (about 8 meters) of any other person, are most important for preventing transmission of infection, but wearing wrap-around eye protection (meaning safety glasses and/or a face-shield) also is important.

      Physical distancing, of a *minimum* of 6' (about 2 meters), is important, too, even when wearing masks. The following article is long, but it's important to read everything in the entire article: [/coronavirus-covid-19-why-6-feet-may-not-be-enough-social-distance]

      Pathogens (such as any variant/strain of covid-19) can enter through any mucous membrane, and that includes the eyes, so that's why eye protection is important, too: [us-news/virologist-hospitalized-coronavirus-believes-he-got-it-through-his-eyes-n1206956]

      Washing hands frequently with soap and running water, for a *minimum* of 20 seconds per surface (and/or using hand-sanitizer containing a *minimum* of 60% alcohol content and waiting until the hand-sanitizer dries) also is very important:

      The virus can live on some surfaces (such as stainless-steel, for example) for up to several days: [how-long-will-coronavirus-survive-on-surfaces/]. So, obviously, it's important never to touch the eyes, nose, or mouth, unless one's hands have been washed or sanitized as described.

      Probably most tourism traveling shouldn't be happening unless and until a much higher percentage of the human population is fully vaccinated. Businesses that promote traveling probably are thinking more about making money for themselves than they are about public health. Individuals who engage in it during a pandemic either are ignorant of the science or are selfish and irresponsible.

      Business travel also should be discouraged and online meetings should take place, instead, whenever possible. When not possible, all safety precautions should be taken at all times.

      Education should be online, not in person. Online contact still is social contact. It's not social distancing that happens or that's needed. Rather, it's physical distancing that's necessary.

      For those who argue that students will suffer academically, I was taken out of school for two years (during what should have been my junior and senior years of high school), due solely to the selfishness of my father who wanted to travel the world on a sailboat. While that and some other not-great parenting choices affected me emotionally, physically, and socially, it DIDN'T affect me academically, even though there was no Internet at that time for the option of online learning. There was an option of doing correspondence courses via snail-mail, though, but despite that he could well afford to pay for that, he denied us that option. Still, when we returned, I outperformed almost every (and sometimes every) other student around me, as I always had throughout all educational levels before (and as I continued to, later on, as well).

      Not every student is going to suffer academically. Any who would, though, I would say that more effort could be put in by the student and his or her instructor(s).

      And even if there would be an issue of some doing worse academically than maybe would have been the case in person, if I were a parent, I still wouldn't risk my minor child going for in-person learning where he or she easily could contract covid-19 and possibly could die or get permanent lung damage from having been put on a ventilator: [/ventilator-induced-lung-injury-review-nejm/].

      Kids under 12 years old are not yet even eligible for the vaccine, and hospitalizations are rising very significantly among that age group: [children-hospitalized-with-covid-19-us-hits-record-number-2021-08-14/]. In that article, they also mention the importance of adults getting fully vaccinated to help protect kids (since, as mentioned, kids themselves can't yet get vaccinated, unfortunately).

      Fully vaccinated means it's been at least one week since the second shot of the Pfizer/BioNTech vaccine, or at least two weeks since the second shot of the Moderna or AstraZeneca vaccine, or four weeks since the one shot of the Johnson & Johnson vaccine.

      Of course, that's because it takes a while for the body to build immunity after the shot: [covid-19-vaccine-immunity-time-5091651] and [vaccinations/covid-19-vaccine/astrazeneca/immunity/].

      And then, since this is a bizarre disease for which immunity seems to last only about six to eight months, then a booster shot very likely would be needed of whichever vaccine was received earlier... and it likely would be one or two or four weeks after that (depending on which vaccine was received) when the person once again would be considered fully vaccinated... as, of course, it takes a while after the shot for the body to develop (or re-develop) antibodies to prevent serious illness and death from covid-19.

      Here's an interesting article published on 2021-08-31 about Moderna's covid-19 vaccine compared to Pfizer's and Johnson & Johnson's: [/31/moderna-pfizer-covid-vaccines-antibodies-study/]

      Assuming that your government and/or other organizations are providing the people of your country with covid-19 vaccine availability, then if your country has a higher percentage of educated and intelligent people in it than mine does, and if you, therefore, reach "herd immunity" within your borders at some point (which you would know when infection rates plummet to almost zero each day and it stays that way), then your country would be wise to shut its borders to anyone traveling from any other countries that haven't yet reached "herd immunity". (That would be because new mutations/ variants/strains still would be developing elsewhere in the world where there isn't yet "herd immunity" and the vaccines currently available might not be effective against some of the newer strains that are yet to emerge.)

      Lockdowns in the beginning (even without a vaccine yet, at that time), if those had occurred worldwide, all at the same time, for two to three weeks, could have ended this pandemic long ago. We still could do that, but I don't see it happening. There's too much ignorance and too little will amongst the world's so-called "leaders" to coordinate a global effort. So, we have to reach "herd immunity" through vaccinations and the other protective measures described above.

      Until then, schools and businesses are not going to return to pre-pandemic normalcy, ever... not without people continuing to get seriously ill in droves, and not without people continuing to die in droves. That's just scientific fact... short of Divine intervention and a miracle... those do happen sometimes, so I also advise praying hard.

      Don't lose hope, Frank... just keep educating others...
      and just keep doing the best that you can...
      nobody can ask for more than that...
      thank you for your efforts.

      Best wishes, and please stay safe! :)

      AND EDITED ON SEP 12, 2021:

      Also see this interview of Charity Dean, M.D.,
      by Samantha Bee on "Full Frontal...": [G9QFmwSw]
      Samantha Bee is a comedienne who tackles serious topics, and although we can laugh at the insanity of the utter bungling of the "handling" of COVID-19 from the beginning, it's not actually a laughing matter, of course; and everyone should pay close attention to what Dr. Charity Dean said in this interview about why we are in this mess and what needs to be done to solve the problem.

      This is who Charity Dean, M.D., is:

      And please read:

      And this, too:

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  • Frank Mageto    Sep 4, 2021

    Business climate is not favourable but once normalcy has resumed I will bounce back to My schedule

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  • Frank Mageto    Sep 4, 2021

    Business climate is not favourable

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  • Frank Mageto    Aug 28, 2021

    Business is slow due to Covid 19 Pandemic.

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  • Frank Mageto    Aug 28, 2021

    we have resumes services after long break so i will begin to repay back as from next week.

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  • Frank Mageto    Aug 3, 2021

    Business climate is not favourable due to lock downs

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  • Frank Mageto    Aug 3, 2021

    Currently business is very slow.

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  • Frank Mageto    Jun 26, 2021

    we are currently on lockdown so business is not going well

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  • Frank Mageto    May 31, 2021

    i would like to reduce my installments, so that i can organise my personal finances.

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  • Frank Mageto    Apr 13, 2021

    We are under succession of movement, hope the our government will lift the ban on movement.

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  • Frank Mageto    Mar 8, 2021

    Am expecting, to resume usual normalcy by next week.

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  • Frank Mwenda Gidiel    Jan 30, 2021

    Frank said business has not picked up but he's trying to find a way to keep repaying his loan.

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  • Frank Mageto    Dec 12, 2020

    once business resumes we will bounce back as normal

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  • Frank Mageto    Nov 23, 2020

    We business is greatly affected due to spilling effects of Covid 19 Pandemic

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  • Lilian Kimko    Nov 21, 2020

    Frank has promised to reschedule his payment to a lower amount till the time when the business will be back to it's feet

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  • Frank Mageto    Sep 15, 2020

    We hope our country is going to ease restriction on Covid 19

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  • Frank Mageto    Jul 18, 2020

    The covid 19 has greatly affected our business, we are very sorry.

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  • Frank Mageto    Jun 10, 2020

    Business is not doing well, we have affected by Covid 19 Pandemic

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  • Frank Mageto    May 16, 2020

    We are on lock currently.

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  • Frank Mageto    Apr 11, 2020

    The business is affected with the restricted movement and curfews which affects our business

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