181 installments • 65%
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.
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.
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.
Oct 7, 2013
Cost to entrepreneur
Lender interest: $203.82 at 3.10% annual rate over 9 months = $4.84
Service fee: $5.52