Clothes & school fees for my children

Joseph Mwalo

Eldoret, Kenya

12% repaid

Entrepreneur

Name

Joseph Mwalo

Member since

February 2015

On-time repayments

252 installments  •  34%

About Me

MY STORY
I come from Western Kenya a place called Ugenya and but currently I live and work in Eldoret Town. I have been in these Town for the last ten (15) years. I am a marriage man to one woman aged 42 years with five children (four girls and one boy). I have O level Education background also possess a Bachelors degree in Biblical Studies. I have been a Pastor for 10 years. Due to financial challenges and family responsibilities forces me do part time business of selling clothes to minimize financial constraint

My Business

About My Business
Besides Pastoring, I have been selling clothes to offices, shops and estates. I chose this business due to high demand by the people who have no time going to the market because of their working condition and various engagements. I also have a shop where I display clothes for sales. My business is always active and promising as the two business support each other.
The business does not face any risk as I select the best clothes from main market and stock them in my shop and sell others at mobile shop. My monthly cost of running the business is $ 90 while average Gross profit before the expenses is how I normally use profit approximately $ 70
The following is how I use profits from the business:-
10% I give tithes to church
50% Upkeep i.e. food and clothing
5% Savings
20% Payments of school fees
15% bills, rent and emergencies

Loan Proposal

Describe what you will do with the loan.I will spend 500$ for new stock 200$ wages & bills 100$ family upkeep total 800$ .Benefit increase no. staff for effective of the bussiness. My family will financially stable. l expect profit to increase by 60per cent. I will buy new clothes 300$ second clothes 200$ .

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$845.23

Date disbursed

Mar 20, 2017

Repayment status

Late

Projected term

37 months

Cost to entrepreneur

Service fee: $37.09

Lenders

frankcalberg

Zürich, Switzerland

torelizer

Reggio Emilia, Italy

J

JonnyPrice

San Francisco, United States

M

michael

Mornington, Australia

BrassHat

Boston, United States

W

Witlof

Tsukuba, Japan

BelleStarr

Albuquerque, United States

AltruisticSelfishnes

Chicago, United States

M

manup0d

Langen, Germany

Charmonica

London, United Kingdom

Straetman

Kaarst, Germany

ErikN

Stockholm, Sweden

T

Tszach

Tucson, United States

R

Roman

Barcelona, Spain

Pere

Barcelona, Spain

johnandmoliehi

Canton, New York, United States

C

cjmenchaca

Austin, United States

BJ

Brandon Joz

North Carolina, United States

B

BluckeyeFan

Columbus, United States

TheWhiteCat

Surrey, United Kingdom

C

CheesemanDan

Shanghai, China

S

SelvaMarcus

Green Cove Springs, United States

EmilAsker

Lomma, Sweden

athomas

Chevy Chase, United States

ViVenusMedical

Jarfalla, Sweden

T

tomdeneire

Eke, Belgium

S

Serge

Bascharage, Luxembourg

Cloudways

Malta, Malta

A

Austrian

Graz, Austria

P

PhilACK

Brampton, Canada

S

samuk

Nottingham, United Kingdom

Jalene

Redmond, Oregon, United States

A

Andersson

Sölvesborg, Sweden

K

KnutAnders

niedernhausen, Germany

L

loistf

Madrid, Spain

mtnsailor

Harrisonburg, United States

L

leniwiec

Poznan, Poland

ads68

Melbourne, Australia

jimmycarterforever

Missoula, United States

S

Scodeb123

Huntsville, United States

A

Aaron

Zurich, Switzerland

Andreas Kiss

Vienna, Austria, Austria

JC

Jordi Cohen

New York, NY, United States

G

glh25

Winooski, United States

C

cardiff

Falls Church, United States

M

Moonknight

Østre Gausdal, Norway

Hedwich

Gorssel, Netherlands

Zal0m0n

Atlantis!!!! x), Mauritania

K

kingcamo1095

Mountain Home, United States

A

AndrewC

London, United Kingdom

gseletko

South Perth, Australia

P

paul74

Chichester, United Kingdom

Lambie

Perth, Australia

JonB

London, United Kingdom

soniad

Dubai, United Arab Emirates

D

doublehelix

Philadelphia, United States

ibc123

Seattle, United States

K

khassi

AinEbel, Lebanon

E

E

Marin county, United States

NedRyerson

Munroe Falls, United States

G

GanSatya

United States

B

BobHope

United States

sderickson

Berkeley, CA, United States

D

dajja

Stockholm, Sweden

pvilliger

Zurich, Switzerland

D

DandS

United States

P

plhughes

United States

poorinvest

Sandefjord, Norway

B

bugdaniel

Switzerland

L

Lallarahiq

United States

joshuacollinson

Vienna, Austria

T

thenwhen

United States

A

ajayhk

San Jose, United States

smastermind

Jerusalem, Israel

mepster

San Francisco, Ca, United States

TyWee

Manila, Philippines

Grant Xavier Storer

Seattle, Wa, United States

K

Keith

Luxembourg

Otto Barten

Amsterdam, Netherlands

M

me.iulian

Iasi, Romania

Vitus

Czech Republic

UN

Uwe Neumann

Frankfurt Germany, Denmark

Dave Bogard

New York, United States

Villa Maria Outliers

Montreal, Canada

W

Wade

United States

JD

Jo Dane

Melbourne, Australia

Dominik Wagner

Karlsruhe, Germany

Jake Badger

Roskilde, Denmark

jtreyes

United States

H

Hakon

Drammen, Norway

Lou Kaucic

Sanbornton, NH, United States

BV

Ben Veal

United Kingdom

T

Till

A small town in southwest of Germany., Germany

KD

Kent Don

United States

Oliver Hasenberg

Iserlohn, Germany

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Martin Nielsen

Aarhus, Denmark

PG

Paul Graham

United States

Sarah and Dave

Toronto, Canada, Czech Republic

Aran Dunlop

United States

DL

Dan Lawrence

United States

AK

Achim Königs

Bonn, Germany

P

Peter

Bratislava, Slovakia

JM

Jo McDonnell

United Kingdom

Christopher Hey

Sudbury, Canada

Cliff

United States

B

Bramlage

United States

R

Ryan

United States

WS

william smith

United States

Carlo Cruz

Cincinnati, OH, United States

D

Dermo

Dublin, Ireland

KH

Kathryn Hawks

United States

S

stevensau

United States

R

Rolands

Taichung, Taiwan

Iris

Ireland

JC

juli camrud

United States

RC

Rudi Chen

United States

Carla

United States

RB

Ruth Brown

United States

JA

Jan Andresen

Hamburg, Germany

K

KH

United Kingdom

K

Konstantine

Prokopievsk, Russia

Craig Newmark

United States

The Zinc Team

San Francisco, United States

SH

Stephanie He

United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

SM

Sue MacFarlane

United Kingdom

Mary Norton

Byron Bay, Australia

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

L

leoman

United Kingdom

CJ

Carrie J

United States

M

Margaret

United States

A

Anonymous

United States

Helper

United States

JF

J Fister

United States

France

R

RMIM

United States

Mike

Indianapolis, United States

Paul Buchheit

Mountain View, United States

Keith Chan

Toronto, Canada

L

Liz

Canada

A

Anonymous

United States

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  • Margaret    Aug 19, 2018

    Hi Joseph,

    Please make an effort to repay your loan. Zidisha offers a wonderful opportunity to grow your business and perhaps open another one in the future. We all understand that unexpected things happen but Zidisha provides you the tools to change your payment amount and schedule at any time by simply logging into your account. Show respect to your mentor and lenders by making repayments. Regards, Margaret

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  • Margaret    Sep 12, 2017

    Hi Joseph,
    I am sorry to hear of you losses. You can contact

    [email protected]

    at any time to reschedule your payment plan. You can adjust the payment amount and time so you can get your business up and running again. Best of luck to you. Regards, Margaret

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  • Joseph Mwalo    May 30, 2017

    I want to report to my lenders that my goods were stolen and i my still following with police but there is no indication of recovery. So I request to begin slowly as I try to recover and they should not be worried as soon the business picked I pay fully

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  • Margaret    Mar 25, 2017

    Hi Joseph,
    I hope the loan from Zidisha helps you to grow your business. Best of luck to you. Regards, Margaret

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  • Joseph Mwalo    Mar 20, 2017

    sorry typing error full loan received is kshs.84,945 not 84,697 Apology for printing error

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  • Joseph Mwalo    Mar 20, 2017

    I want to take this opportunity to tell the lenders that I really appreciate their effort to fully fund my loan. I have now received full loan kshs.84,697 ready to buy goods and fully equip my mobile shop.
    Thank all my lenders and looking forward to work with you in future. God bless you all.

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  • Joseph Mwalo    Mar 15, 2017

    New clothes and mtumba for sales.
    Help me to improve my bussiness. I take this opportunity to thank all my lenders I will be praying you. God bless you so much.

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  • Joseph Mwalo    Mar 8, 2017

    Am personally greatful for zidisha microfinance it has done great things in my life, family and bussiness. The last loan help me expand my bussiness to alarge extent and begun other bussiness branches and mobile shops about four of them.

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  • Joseph Mwalo    Feb 7, 2017

    The bussiness has expand and I can pay more. The investment I have made with money have really supported all the expense and pay the loan promptly. Am greatful for zidisha.

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  • Joseph Mwalo    Sep 28, 2016

    I humble request the above adjustment due to the bussiness fluantion which affected my investment thus income fell but soon I will improve. Thanks in advance

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  • Joseph Mwalo    Sep 21, 2016

    Am sorry to my lenders for pay delay but am putting more effort to see that I have up graded my payment. I had experience bussiness depreciation and almost collapsed. I thank God it is picking up again and assure you I will complete the payment soon. Thank you in advance.

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  • Joseph Mwalo    Jul 6, 2016

    Thanks for all lenders who have contributed for my loan received today . Am so greatful and appreciate your excellent performance. Let me asure you that am ready to workhard and pay my loan time. God bless so much.

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  • Joseph Mwalo    Jul 4, 2016

    New clothes to improve the shop.
    Employee New teachers for the school.
    Help my bussiness, staff and my family.
    Expand my financial capacity

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  • Joseph Mwalo    Jun 22, 2016

    I want appreciate all the lenders that money have help me very much. I have two shops which are doing great. Thank you so much.

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  • Joseph Mwalo    Jan 23, 2016

    I want to take this opportunity to appreciate the lenders of my loan that i just received on 23/01/2016. I hope the best for you as you support this zidisha program. Thank you so much again.

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  • Joseph Mwalo    Jan 21, 2016

    Am very grateful for funding my loan and i receive it with gladness. The loan will boost my business and help me expand my territory.
    Am planing to buy new stock and expand the shop. Thank so much and may the good God bless my lenders.
    Yours faithfully'
    Joseph Mwalo

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  • Joseph Mwalo    Jan 13, 2016

    Personally i want to testify to the lenders that zidisha loan program is very good and affordable. My business has really picked up and i have now employed two people to help me run the business. Am praying for zidisha service to expand the more and reach more people

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  • Joseph Mwalo    Nov 24, 2015

    The investment i made with the amount has tremendiously increased and i want to clear the loan early to allow me to get another loan to expand the bussiness because this is the season of growth.

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  • Joseph Mwalo    Aug 10, 2015

    I want to take this opportunity to apprecite all lenders for giving their money, i have received the money kshs. 18,810 and greatfull that i have purchased new stock. Thank you and God bless yu and increase you abundantly.
    Yours Joseph Mwalo

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  • Joseph Mwalo    Aug 5, 2015

    I will buy new clothes to add on the stock and also for the new shop i am planning to open. It will boost the bussiness.
    I want take this opportunity to thank all the lenders who contributed to my loan, God bless you so much am happy to work with you.

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