Caranda wines and spirits-kilifi

Paul

Nairobi, Kenya

67% repaid

Entrepreneur

Name

Paul

Member since

January 2015

On-time repayments

197 installments  •  39%

About Me

I went to a primary school in a remote village in West Pokot before joining secondary school in 1994. I later joined Moi University, Coast Campus before settling on doing business.
I have been in business for sometime, I started with a chicken sales, moved into poultry then started a car wash business. This is what has brought me this far, I used my third and fourth loans to start and stabilise the carwash business by purchasing a new machine.
I have also managed to buy new tires for my cab and service it regularly because it helps me in paying Zidisha loans.
I still look forward to getting a second car through a loan. With car hire, I have been able to make up to Sh3,000 on a good day in Mombasa.
I plan to use my next Zidisha loan to put up a spirits business in Malindi and open up another carwash business in Lunga Lunga, at the border ok Kenya and Tanzania.
I know this will earn me some better income to be able to consistently service my loans.
I believe if I complete this loan then I will be able to own a fleet of cabs as time goes by.
Once again, many thanks Zidisha team.

My Business

I am happy to have completed repaying my previous loans,this my sixth loan,successfully paid.I have already rehabilitated the building where I plan to set p the wines and spirits business. It is a very strategic place and I am quiet sure I will be able to repay the upcoming loan just like I did with the past ones.
I plan to invest Sh70,000 in the opening stock and later top up another Sh30,000 to give it a Sh100,000 worth opening stock.
I plan to use the balance from the loan to do a few legal requirements, especially the paperwork. Wines and Spirits business is quiet lucrative and I believe it will subsidise my income on the taxi fleets.
business.Once again,i believe it's doable and with Zidisha, financial discipline is the order.Thanks

Loan Proposal

I plan to open the new wines and spirits on 5th of March. I will do an initial/opening stock of Sh80,000 then later on top it up with some Sh30,000.
I have already spent like Sh90,000 to refurbish it and being strategically located, I believe this will increase my income. This new venture will be supported by the two cabs and the Simphy Wines and Spirits.
So far, I am targeting an upcoming market that has greater potential of growth.
I will study my business for six months as I see its prospects.
Thanks Zidisha team especially for your support.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$841.00

Date disbursed

Mar 6, 2017

Repayment status

Late

Projected term

24 months

Lenders

PG

Paul Graham

United States

PR

Paul Rausch

United States

roark22

Geneva, Switzerland

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

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