79 installments • 37%
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 one child. I live in plot number 47 at the shopping center where I carry out my business with my family. My business entails a retail shop at the shopping center. I sell goods that range from foodstuffs and home use wares.
My business entails a retail shop at the shopping center. I sell goods that range from foodstuffs and home use wares.. The business is good as this is where I get basic needs to sustain the family and most of my income is from this business. The main challenges that this business encounters are lack of finance to frequently stock my business and fluctuating prices of fuel which adversely affects the business negatively. It is my hope that I will get a loan from Zidisha and I will be able to improve the status of my business.
I would like to use my loan to purchase more stock for my business. We are approaching the festive season and the business is usually good. I would therefore like to use this opportunity to boost my business and increase my revenues. I am grateful and I will use this loan well to achieve this goal once I get it from Zidisha.
Sep 20, 2012
Cost to entrepreneur
Lender interest: $498.57 at 7.76% annual rate over 12 months = $40.84
Service fee: $18.14