Education - supplier of exercise books

Kennedy

Nairobi, Kenya

3% repaid

Follow Kennedy How it Works

Entrepreneur

Name

Kennedy

Member since

May 2015

On-time repayments

55 installments  •  15%

About Me

I am Kennedy Kyalo, born and raised in Nairobi Kenya, the Eastlands area which is basically considered a poor mans area.
I am a graduate of Economics from Kenyatta University, A holder of SAGE Pastel ERP Training certificate distinction from Kenya Professional College.
I was able to overcome hardship by making use of the opportunities life offered me through my education and taking advantage of merry-go rounds to save monthly.
I started by cosmetics shop in May 2015 since i was looking for a job at the moment and i had none, so with my Kes. 15000 i set up Wellcode Beauty shop in Komarock Estate Nairobi.
Nairobi residents embrace hard work and therefore Small businesses rake in alot of money due to the culture of hardwork
My unique past time is sharing ideas with people within my community and taking time to inspire those i can.

My Business

My business is a cosmetics shop and recently i ventured into second hand clothing trade .
For the past One month ( May 2015 - June 2015), the second hand clothes have been on high demand. Weekly I have been able to bring in new stock and I have realised a weekly turnover of Kes 8000. I chose this kind of business because demographically, the area has many women who are low income earners and also the availability of many beauty salons in the area.
My typical costs are basically weekly payments of rent, County council levies, electricity and cleaning expenses.
My turnover is able to finance these weekly costs fully upto a tune of Kes 3500 weekly, restocking upto a tune of Kes 2500, and an average profit of Kes 2000 weekly.
I use my profits to plough back into the business and save part of it to assist me in my daily upkeep.

Loan Proposal

As school are reopening I want to sale exercise books. I wish to buy books worth
US$100.00. I will benefit financially and socially as it will increase by sales and
profit to 50%. Thanks to the Zidisha Team for their financial support. I hope
to repay the loan weekly without any hassle.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$96.00

Date disbursed

Sep 12, 2015

Repayment status

Late

Projected term

10 months

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Ask Kennedy a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Judith    Mar 4, 2016

    Hello Lenders,

    Kennedy did not answer my calls, i therefore called the mum who said will get in touch with him.

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  • Judith    Jan 30, 2016

    Hello Lenders,

    I spoke with Kennedys's mum who also invited him and she said Kennedy is in Uganda but she will make sure that he pays all the arrears. She will get in touch with him.

    Log in to reply • Share

  • Judith    Jan 16, 2016

    Hello Lenders,

    I have been calling Kennedy but he does not answer my calls. I called his mother last time and said she would look for him but today i called his mother but she also did not answer. I therefore sent them both messages hoping to get an answer.

    I will wait for their answer then i update you .
    Regards

    Judith- VM

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  • Judith    Dec 11, 2015

    Hello lenders,

    I spoke with Kennedy's referee who's is also his mum because I couldn't reach Kennedy. She said Kennedy is away and when he comes she will tell him to pay. She said she could have on his behalf but the last time she did the money was all deposited to her account.

    Regards

    Judith -VM

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  • Judith    Nov 10, 2015

    Hello Lenders,

    I have just spoken with Kennedy and he said he will pay on Friday 13th November for the weeks he has not yet paid.

    Regards

    Judith - VM

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  • K

    Kennedy    Oct 28, 2015

    I supplied books worth US$100.00 to a customer and he's not been aboe to pay me.

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  • Judith    Oct 9, 2015

    Hello Lenders,

    I called Kennedy in regards to late loan repayment and he promised to pay on Sunday 11th. He said he is away and coming back on that day then he will pay and be up to date.

    Regards

    Judith - Volunteer Mentor

    Log in to reply • Share
  • K

    Kennedy    Sep 10, 2015

    Thanks to the Zidisha team for their loans which have improved my life.

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  • K

    Kennedy    Aug 28, 2015

    What has happened upto now you have not received the money
    send yesterday.

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  • K

    Kennedy    Aug 27, 2015

    Thanks to the Zidisha Team. Today I have repaid my loan balance of
    US$1,100.00. The Mpesa Transaction No. JHR2YCHD1U. I wish to borrow again. Please increase my loan limited. Your assistance will
    be highly appreciated.

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  • K

    Kennedy    Aug 26, 2015

    I had challenges in my business. I have repaid the loan 90% and
    will pay the balance of US$10.52 before 30/8. Please let me know
    whether you will increase my loan limit as I want to buy exercise book to sell to school pupils?

    Log in to reply • Share

  • Judith    Aug 10, 2015

    Hello Lenders. I have contacted Kennedy in regards to his late loan repayment and he did he will organise to pay tomorrow.

    Thank you.

    Regards

    Judith

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  • K

    Kennedy    Jul 16, 2015

    I would like to reduce my installment amount since the investment is picking up but on a very slow pace

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  • Veronicah    Jul 13, 2015

    On 11/7/2015 he paid by Mpesa Transaction No. JGB7P8LL8T
    US$52.50 (Kshs 4,800.00). Please confirm you got the money?

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  • Judith    Jul 9, 2015

    Hello lenders,

    I spoke with Kennedy and he promised to pay on Friday which is tomorrow.

    Regards

    Judith - volunteer mentor

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  • K

    Kennedy    Jun 16, 2015

    I will use the full loan amount to bring in a full consignment of baby diapers and also to bring in more chemicals to manufacture 40 Litres of liquid detergent weekly.
    This will help me to boost weekly sales and profits to make the business grow to where i intend it to grow.
    Thank you very much for this loan, its an opportunity for me to grow.

    Log in to reply • Share


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