Michael

Kiptangwanyi, Kenya

16% repaid

Entrepreneur

Name

Michael

Member since

November 2012

On-time repayments

9 installments  •  11%

About Me

i
am married with three children three boys only learning in our local
primary school.the two other boys are in a nursery school and i was
born in the year 1952 in this village of kiptangwanyi. I started
my primary education in the year 1986 and i finished my primary
education in the year 1993 i dint proceed with my secondary education
due to lack of school fees and i married mrs Wairimu in the year
2000 and we are earning our living by owning a retail shop where
we sell petrol and diesel and i also own a pool table.I have been
employed for several years at Lord Delamere Estate and i
worked there as a store keeper.Delamere own a pool table at his
canteen and that factor attracted me to have my own pool table at
kiptangwanyi.I am also having some brothers who relies on me by
paying their school fees in fact i am struggling to educate my
younger brothers because my parents are unable to do so because
they are now aged.

My Business

I
located my business here at kiptangwanyi trading centre and the
business is doing quite good in this area there are less
competitors in this area.I decided to start selling motor fuel eg
petrol,diesel,kerosine since motorists were struggling so much to
get the fuel and the only place that they could find fuel was in
nakuru which is about 42km from kiptangwanyi to nakuru and the
motorists are now appreciating since they collect the fuel from my
shop or from my neighbours shop Abraham Mwangi.I am earning from
8,000 t0 10,000 per month.I pay a revenue of 4200 per year.One of
the challenges that i am facing is that my small shop does not have
a fire extinguisher for the reduction of risks.After receiving
Zidisha loan i am planning to buy one with a certain percentage
and the other percentage i will use by boosting my pool table
business.I also own a pool table which is located just next
to kiptangwanyi market.

Loan Proposal

dear lenders am so greatful to zidisha platform.am going to add more stock to my petroleum business, so that i will be able to serve more customers. during this season, its my high time to reap. more tractors era in need of fuelling to my filling station so that they can plough most of the lands here in our area. my lenders im planning to make athree months repayments because this is my high time. this is the reason why i did not need a gracing periods. thanks so much my lenders

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$464.00

Date disbursed

Feb 21, 2013

Repayment status

Late

Projected term

9 months

Lenders

S

slevon

Hemsbach, Germany

EricDWalters

Rochester, Mn, Usa, United States

G

grizu

dortmund, Germany

MargBarVilayet

Thatcham, United Kingdom

KyRoamer

Louisville, Kentucky, United States

L

lenderfromquebec

Saint-raymond, Canada

M

magmax

Vienna, Austria

Zidisha

Sterling, United States

jpterry

Port Richey, United States

EmilAsker

Lomma, Sweden

B

Bavarian

Bavaria, Germany

russell

leicester, United Kingdom

fcjapan

Osaka, Japan

JimmyL

Tallahassee, FL, United States

Pierfausto

Rome, Italy

Sundstroms

Falun, Sweden

J

JakeK

Melbourne, Australia

ryanissamson

Philadelphia, United States

D

danjimerson

Hammondsport, United States

O

Orenius

Tacoma, United States

A

AR716

Sentjur, Slovenia

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  • ryanissamson    Oct 16, 2013

    Michael, could you give us an update on how your venture is going?

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  • Michael    Mar 19, 2013

    dear my lenders thanks so much for your cooperation. its my hope that uyou are fine. im very happy because of the far you have moved my business. im so greatful. am planning to make my repayments as quick as possible, since my business is doing so well. i need to borrow a higher amounts of money which will help me in adding alot of stock in my busines. am so greatful my lenders.have a very nice moments. thanks you

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  • Michael    Feb 21, 2013

    thanks so much all my lender.im so greatful to all of you for fulfilling my dream. im planning to make my repayments before the time. this money will helps me in adding my petroleum shop more stock so that i will be able to searve more customers. thanks so much all my lender.

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