69 installments • 25%
I am single with 8 children four of them who are schooling. I live in Kiptangwanyi shopping center about 43km from Nakuru town. I live in my own plot which is plot number 21. I operate cereals shop at the shopping center. I buy cereals mostly maize and beans in wholesale which I later resell to neighbouring major towns also in wholesale with a good profit.I am well known in this area and sometimes I do travel a lot to take my cereals to other towns. This is a business that I do operate with all my heart as I have been able to educate all of my children from the revenues that I get from the business
I operate cereals shop at the shopping center. I buy these cereals in wholesale and distribute them to major towns in large quantites especially in Nairobi where I have many customers. The main challenges that this business encounter are lack of enough capital, poor roads especially during the rainy season and drought. I hope that the loan I am going to get from Zidisha organization will be of very great benefit in improving my business. This will be of very great help towards the appearance of my business. I already have plans that I know will change my business to the best in terms of service and offering quality products.
Dear Zidisha lenders,
I am very glad and happy to be a zidisha member. I am happy too to qualify for my third loan. I wish to use this amount of loan that I will get to do the following in improving my business. Firstly, I will use part of the money to transport some bags of beans to Nairobi as the price is now good. Secondly, I wish to start purchasing other cereals such as cowpeas and soya beans which have now emerged to have high demand in these areas. Thank you and God bless Zidisha Microfinance.
Jun 14, 2013
Cost to entrepreneur
Lender interest: $2,422.77 at 2.77% annual rate over 15 months = $85.94
Service fee: $108.22