Martin Mwebia

Meru, Kenya

63% repaid

Entrepreneur

Name

Martin Mwebia

Member since

June 2013

On-time repayments

13 installments  •  54%

About Me

My name is Martin Mwenda Mwebia and am a resident of Meru county that is located in the Eastern part of Kenya.am a married with three children all who are in various school here in Meru county.after completing my secondary school l engaged myself in my father's businesses for sometimes but later on after working for three years l started my own posho mill business in the area as there was an opportunity for this business in my home area.having done business with my dad was a great lesson for me as l acquired first hand experience and skills in the business which enabled me to grow the my posho mill business.l use my income to provide for my family as well as expand the business and develop myself economically.apart from business l like reading novels and spending time with my family.

My Business

l started the posho mill business way back in the year 2002.the business is very profitable here in Meru as l mill all types of cereals just to be above my competitors who mill only maize flour.on market days here at the shopping center the business is good that happens three days a week.From the business am able to make a monthly a net income of ks 30,000 after deducting expenses such as wages,rent and electricity bill.This is because l work hard to get orders from schools around Kithirune area.l handle my customers with lot of respect and very friendly so as to retain them and attract more.if my application is successful l will use the money to diversity the business where l will use the money to buy maize and mill them and later sell as flour which will enable me to make profit.

Loan Proposal

Dear lenders,l take the opportunity to thank the Zidisha team for giving me this chance to grow my business and be part of the zidisha. l own a posho mill business and currently want to diversify the business by buying maize from the farmers and then mill it into flour which l will package and sell to my customers.l will use the loan to buy maize which will enable me accomplish this.once again Thanks to the Zidisha family.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.08

Date disbursed

Jun 21, 2013

Repayment status

Late

Projected term

13 months

Cost to entrepreneur

Lender interest: $100.08 at 3.00% annual rate over 13 months = $3.47

Service fee: $4.04

Lenders

sebastienrosa

Quebec, Canada

HansLindgren

Uppsala, Sweden

D

DThirteen

Miami, United States

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