Zidisha |

Paul

Kiptangwanyi, Kenya

Funds disbursed

$0 to go

100% funded of $1,000 goal

days left

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How it Works

Entrepreneur

Name

Paul

Member since

February 2012

On-time repayments

20 installments • 20%

About Me

I am married with two children. one of them is schooling. I live in kiptangwanyi shopping centre plot number 2. I have a soda depot at the centre. the products that I sell have a very high demand since this area is hot and I am the only person who sell this product in wholesale to Kiptangwanyi center and other neighbouring centres

My Business

I have a soda depot at Kiptangwanyi shopping center. I sell soda in wholesale to other retailers within the shopping centre as well as others who are from neighbouring shopping centres. I also distribute mineral water to them. The business is profitable since I am the only one with a depot here. The main challenges that the business are poor means of transport and insufficient capital to expand the business.

Loan Proposal

dear lenders in this second loan i want to stock in the new shop that i introduce of selling wine and spirit in wholesale as there is demand and i know i will make my profit to be high in income and i will also sell to the people who sell in retail price so that i can get profit and able to repay in time and get money to help my family and able to pay house rent.there is potential in this business to the business people who have a beer pub , thy have been asking me why i don't sell this kind of product.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,000.00

Date disbursed

Jan 10, 2013

Repayment status

Late

Projected term

12 months

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analinjsaturria Jul 10, 2013

Dear lenders,
This is Analin Saturria McGregor, Country Liaison Manager at Zidisha. Part of my job is to supervise the team of volunteers following up with our clients in arrears and provide the appropriate assistance.
Paul's business has taken some time to take off. His business has not performed to the level he expected when he first took this loan and is unable to make full repayments. However, Paul has been very open in speaking with us and has a better idea now of what kind of repayments he can make. I spoke to him over the phone today and, while his business is at a more stable level, he will still need to modify his repayment schedule. We have provided some instructions on the matter and will continue to follow up with Paul to ensure he finds a payment plan that allows him to make his repayments while continuing to provide for his family and invest in his business' growth.
If you have further questions, feel free to contact us at [email protected]

Thank you for your continued support!

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- LA Sep 10, 2013
  
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Foreclosedjapan Jul 4, 2013

Hello Paul,

Are you OK?

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Paul Jan 10, 2013

thank you lender for completing my bid,i thank you all who participate in biding .as i tell you now it time to work hard so that i can prosper to the higher level thanks to your loan.may GOD bless you all in advance and bless the work of your hand [nyutu ]

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Paul Jan 7, 2013

hello lenders i greet you,today i rent another house because i decide that it is better not to mix soda and beer at one house because many people here are believers and i will lost those people who buy soda in my store, so i use money from my profit which i get in the last festive season in selling soda, so now when i get this loan i will stock this new wine and spirit shop with this money, also i have got order from the people who sell this kind of product,now i am ready to do business very serious,also i have a plan to buy a small laptop computer so that i can stay in touch with you lenders and zidisha in general, so lenders i am waiting for you to complete this loan

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Paul Jan 4, 2013

dear zidisha i completed my loan about three day ,but i have not seen any change in my profile that indicate that and i want to get another loan, is there any problem please so that i can know what next, please

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