87 installments • 9%
I live in Kiptangwanyi shopping center which is approximately 43km from Nakuru town. Nakuru town is our nearest major town within this area. I am married with two beautiful daughters. I live in plot number 432 at the shopping center where I carry out my business with my family. I was born in nandi hills and took my education upto form four on those areas, we later came to nakuru county after post election violence. My business entails a retail shop and a grocery shop at the shopping center. The loan i took from zidisha has real improved my business, very soon i would also wish to be a lender.
My business entails retail shop and a grocery shop at the shopping center. mostly i have stocked general commodities that are favourable to the local community.I also sell arsorted fruits and vegatables at the moment i have started stocking grains like maize and beans. The goods that I sell range from mere foodstuffs, home ware items as well as cereals and shop commodities. The main challenges that this business encounters are drought and fluctuating prices of fuel which adversely affects the whole of energy industry. i also encounter the challenge of getting good stock in good time, with my third loan am planning to deal with transportation problem by buying a motor bike/car.
I would like to use the loan that I will get from Zidisha organization to d the following.
First, I would like to add more stock i my business because this time is very good as we are approaching the festive season and this is usually a very busy time and the business is quite good and profitable. Secondly, I would like to use the loan to enlarge the room where I operate my grocery shop. I have been having a temporary shade outside my retail shop but now with the loan I am planning to expand it and improve it for the betterment of my business.
Oct 10, 2012
Cost to entrepreneur
Lender interest: $498.45 at 7.13% annual rate over 3 months = $11.95
Service fee: $8.38
Upon joining Zidisha, Rachael paid a lifetime membership fee of $8.73.