Buying iron sheets to expand my busines premise

Nicholas

Eldoret, Kenya

100% repaid

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Entrepreneur

Name

Nicholas

Member since

December 2015

On-time repayments

132 installments  •  62%

About Me

Am called Nicholas Oloo I was born in the year 1946 in Siaya County in Nyanza Province in the republic of Kenya.
I started schooling in the year 1954 in Primary to to the year 1960 in Ulumbi .
Then between the year 1961 to 1965 High School in Old Kampala Secondary School in Uganda,then between the year 1966 to 1968 Joined Uganda Commercial college I took sales and marketing in Diploma level.
After working for 10 years after gaining the experience for all those years and saved some money ,I began my own business.
The Unique thing in my land am coming from is that when you are educated you are expected to provide for all your relative and all your extended relatives.
All my children are grown up and 4 of them are teachers 2 of them are businessmen .
My main hobby is Jogging, singing for I am a clergy, I serve in Church pert time as a Pastor.

My Business

I provide internet , printing, biding ,lamination and photocopy services for my customers in Eldoret town.
This services is in great demand because there are many colleges around this town and the of these services is in demand among the students.
I chose this kind of business because I learn t the business management in my School as a profession .
my typical cost is 45,000KES.
I use my profit I get from my business as follows.
1.Reinvestment in growing the business is 5,000KES.
2.Home improvement is 30,000KES.
3.Keeping my grand children is 5,000KWS.
4.Church activities is 3,000KES
and I still expect to grow and grow in the near future.

Loan Proposal

When given this loan amount then I will be able to buy 10 Iron sheets to expand my business premise at the cost of 10 dollars each and this will cost a total of 100 US dollars.
This will make me be ,ore stable in this business than ever before and I will attract more customers than ever before because of the large space that I will have then.
When this plan is implemented then I expect this business to grow by 50% this year and next year the more.
Thanks so much in advance for considering to lend me again I gain promise to be faithful in repayment as I was in the previous one .
God bless Zidisha Team and Zidisha lenders

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Sep 21, 2016

Repayment status

On Time

Projected term

13 months

Other loans

Feb 2016:  $100

Jul 2017:  $98

Nov 2017:  $99

Feb 2018:  $50

Nov 2018:  $98

Feb 2019:  $98

Jun 2019:  $300

Lenders

F

flaguy999

Tampa, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

PG

Paul Graham

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

CJ

Chris Jones

Seattle, United States

A

Anonymous

United States

Ask Nicholas a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Nicholas    Jul 1, 2019

    I will buy new computers for my cybercafe business.
    It will make my work easier and faster and also to make more business and more profit.
    Thanks so much for funding me again this time.

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  • Nicholas    Jun 18, 2019

    I purchased powerful computer,
    That computer has really done us good and we are able to handle bulky work within a short time.
    My business has increased and earning has also increased by 40%
    I have used the increased earning in taking my grand children to school.

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  • Madesto    Apr 12, 2019

    i called nicholas and he promised to pay his dues by 18th of next month.thank you

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  • Lotus Flower    Apr 10, 2019

    Nicholas, please be aware:

    Lenders cannot help you with anything technical or administrative.
    Therefore, this isn't the correct place to try to reach the Staff: www.zidisha.org/team

    For more information, please read
    here: www.zidisha.org/loan/buying...
    and here: www.zidisha.org/loan/busine...

    Thanks, and best wishes.

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  • Nicholas    Apr 10, 2019

    I paid my loan yesterday 9th- 4- 2019. of Ksh.6300, it has not shown on my payment record. kindly confirm.

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  • Nicholas    Apr 10, 2019

    Dear Zidisha Team,
    Thank you for having to enable me expand my business from the time i started get loan from your organization.As the business in the country is becoming a challenge,plus your resent terms of giving loan , makes the business to be more difficult to run.
    I thank all my lenders,because of them my life and of my family changed for better.

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  • Madesto    Mar 12, 2019

    i called nicholas and he promised to pay his dues by the end of next month.thank you

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  • Nicholas    Feb 11, 2019

    I will on computer.
    It will give more capacity to do more work .
    Thanks so much for lending me again.

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  • Nicholas    Jan 12, 2019

    The last loan I completed servicing made just real change in my life and also my business in that i bought things which has made my customers like my cyber and I now make more profit than before.
    Thank God for Zidisha because it is a good financial partner in business growth.

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  • Nicholas    Nov 23, 2018

    Bussiness has gone down

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  • Nicholas    Nov 9, 2018

    I will buy one computer for my business.
    It will make my work more easier by serving more customers at a shorter time.
    Thanks again for lending me.

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  • Nicholas    Aug 2, 2018

    The loan has expanded my business and improved my standard of living.

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  • Gideon    Jul 13, 2018

    Hello oloo,this is to remind you on the payments you promise to make last time but you could not maybe becouse of 1&2,now how do you do?,how is your busness right now?,please communicate with the lenders and tell them the situation you are in,they will definately understand.the best way out also is to use chunking,pay as little as you cannot feel pressure on losing that little,continous payment of little cash will eventually clear your debt,thank you.
    Kind regards.
    Your mentor.

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  • Gideon    Jul 2, 2018

    Hello lender,oloo is promising to make payments this week,thank you.

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  • Nicholas    Jun 3, 2018

    Kindly note, loan payment i made of ksh.3106 has note been reflected, i gave M pesa code MES4NH4L9A on 28/5/2018

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  • Nicholas    Jun 1, 2018

    This is the mpesa payment code MES4NH4L9A for the payment of Ksh. 3,106.00 made on 28/5/18 being my arrears payment. Kindly acknowledge receipt.

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  • Gideon    Jun 1, 2018

    Hello there nicholas oloo,
    I request that you post on your support ticket the issue regarding your payments so as to be removed from arreas list,on your ticket kindly include:specific dates of payments,number of payments and the phone number you use to pay with.thank you.

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    • Nicholas    Jun 3, 2018

      Dear Gedion,
      I have given the details of payments i made,the areas is still showing.Here are the details;
      Amount Ksh 3106
      M pesa code MES4NH4L9A
      Date 28/5/2018

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  • Nicholas    May 30, 2018

    I take this opportunity to thank Zidisha team and my lenders for enabling me through loans, i proved my business, been able to make a living with out much struggle
    Kindly note, i made payment of Ksh.3,106 [email protected],this has not been reflected in my payment list.

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  • Nicholas    May 22, 2018

    I take this opportunity to apologize in delaying to service my loan, i had huge hospital bill to pay .Zidisha has helped me improve my business and life standard of my family. i thank all my lenders and Zidisha team.

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  • Nicholas    Mar 30, 2018

    Zidisha has changed my life Style and of my family. Because Zidisha, i can see a bright feature, thanks to Zidisha.

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