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.
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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
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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