Cake, confectionaries ,& soft drinks shop

Dan Shama

Nairobi , Kenya

100% repaid

Entrepreneur

Name

Dan Shama

Member since

March 2017

On-time repayments

100 installments  •  60%

About Me

Am Dan Shama,the first born in a family member of 6. Went to school and finished my primary and secondary education through hardships since we were 3 in school and my parents couldn't afford to pay fees for all of us so I was on and off. After my secondary school, I acquired some little cash and opened a small retail shop in the village. I operated this shop for about one and a half years but it became difficult to maintain it since most of the income was directed to paying the fees for my siblings and offer a little support to my parents. Eventually I had to relocate to Nairobi city, where there was hope for a better income. I have been operating in a small shop in Nairobi since. However, the demands from my family have been straining the business and with my current inventory level, it will be difficult to remain afloat. It is for this reason I wish to apply for this loan so that I can boost my inventory, and be in a position to run my business while still meeting the demands of my family

My Business

I wish to inform my lenders that the year 2017 started quite well.Regardless of what has been happening cutting across my country, my business is doing fine. I am happy because I am still able to pay for my loan and still meet other expenses.I look forward to expanding my business that it can meet more needs. I am also looking forward to starting another business in the future as a result of the support I am getting from Zidisha. I once more wish to thank my lenders so much for helping my life to have a new shape. Thanks

Loan Proposal

Will buy whatever I don't have in store like cookies,choclates etc .... and add more stock. It will be a benefit to me since I'll have more customers especially from the collages around hence adding more revenue...
The profit will obviously raise to 60-75percent.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$29.90

Date disbursed

May 31, 2017

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $1.25

Dan opted to pay $19.71 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

Paul Buchheit

Mountain View, United States

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