Stephen Kiratu

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Stephen Kiratu

Member since

May 2013

On-time repayments

181 installments  •  65%

About Me

My name is Stephen Kiratu Maina and a resident of racecourse estate in Nakuru town.am married with three daughters all who are in various colleges here in nakuru county.After graduating from Kenya polytechnic l was employed as a electrician for fifteen years in Nairobi city but later started my own electrical shop here in Town.Though at first it was a challenge l thank God for this far as this has enabled me to educate my daughters and develop myself economically.l as do electrical repairs within the town.

My Business

l started the electrical shop in 1997 after getting out of employment.The business is very profitable and l do get my stock from the wholesalers in Nairobi and sell at a profit margin of 30%. mostly l stock the china product as they are cheap and easily affordable to the customers.Although there is a lot of competition from other traders l make sure that my prices are competitive and my technical knowledge in this field serves as added advantage to my business.l make an average of ks 15,000 as profit after deducting the business expenses.if advanced with the loan l will add more stock to the business hence increasing the sales.

Loan Proposal

dear lenders, l wish to take this opportunity to appreciate everyone for the good job that you are doing and for your willingness to go an extra mile of raising and empowering entrepreneurs.personally l have benefited from the first loan that has helped me to really improve my business in terms of adding stock that enabled me to increase my sales.now that l am applying for the second loan l will use the loan to add more stock to my business that will enable me to meet the demand of my customers as well as increase my sales which means more profit for my business.now l have tasted the goodness of ZIDISHA platform and l encourage the other entrepreneurs to join the platform.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$203.82

Date disbursed

Oct 7, 2013

Repayment status

On Time

Projected term

9 months

Cost to entrepreneur

Lender interest: $203.82 at 3.10% annual rate over 9 months = $4.84

Service fee: $5.52

Lenders

C

CWS

Huntington beach, ca, United States

Svenip

Vienna, Austria

E

ebronken

Oslo, Norway

J

juliewilson1971

Dhahran, Saudi Arabia

C

cfaul

Seattle, United States

Namaste250

Pittsford, United States

T

Travelbear

Asheville, United States

Travis

Canada

B

bonnieinbremen

Bremen, Germany

G

GAhoya

Douglasville, United States

C

cjvjsv

El Paso, TX, United States

Sarasota

Sarasota, Fl, United States

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