Chicks and chickfeeds

Nicholas

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Nicholas

Member since

January 2011

On-time repayments

163 installments  •  77%

About Me

I am a man aged 50years with a wife and now 5 beautiful children.I am a businessman, runing a shop at mitimingi trading centre. I deal with consumables and non consumables. Zidisha team and the lenders have assisted me so much and improved my standard of living and that of my family. With profits from loans granted, i have taken my children to good schools and three of them are in universities now a proud to say my firstborn born daughter graduation is this December. Thanks
to zidisha lenders and entire for regular and timely loans over the years. I need another loan to boost my business and repair my vehicle which i use to transport goods at my shop.

My Business

my business deals with selling both consumable and non consumable goods. this includes food stuffs, farm inputs(fertilizers, seeds), farm tools(hoes, spades, axe), animal feeds. this business also include a boutique. the business is worth kshs 200000, and approximately makes a profit of kshs 15000 every month after paying all the bills and paying a salary of kshs 10000 to my employees. challenges in running the business are, counterfeit goods in the market but cost like the genuine good but of low quality, change of fashion, unpredictable change of foods stuff prices, high competation, poor infrastructure eg poor roads during rainy season leading to high cost of trasportion.

Loan Proposal

With the new loan intend to replenish my stocks and start a poultry project at home as i prepare for my retirement in four or five years time. As i said earlier my children are starting to graduate as i get older. I want to prepare to hand over the business mantle to them and engage myself in a less stressful business as I retire. Poultry farming can be enjoyable and at the same time be profitable. Since i have enough space and structures t, the loan with assist me to buy chicks and their feeds. Once thanks so much as you prepare to fund this loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,448.00

Date disbursed

Nov 24, 2015

Repayment status

On Time

Projected term

10 months

Lenders

Paul Buchheit

Mountain View, United States

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