Entrepreneur
Name
Dominic
Member since
August 2016
On-time repayments
233 installments • 42%
About Me
I observed that there are no mini markets where people can get basics domestic provisions to purchase in my area. So I thought of starting a mini - market where people will get all these products to buy. Finding capital to start this business is difficult situation I encountered. I managed to raise a little startup from my savings so I rented a shop and started selling few retail products. Since then the business has been growing continually. I have a lot of aspiration for my business. The major problem are financial constraints and under stocking. Since there is no mini- market in my community, I want my business to transform to a big market where the community members can get all the food supplies and the domestic products they need. So I was looking for any possible means to obtain financial help to grow my business. later, I met a friend who recommended Zidisha Organization and the impact they are making in peoples lives by providing online loans.
My Business
I am operating a small food retail shop with the aim of growing the business to become a mini market in my community. I have been running this business for a period of about two and halve years. My business retails daily food products like milk, sugar, eggs, drinks, ice creams, beauty products (facial creams, cologne, pomade) and toiletries. The business location is also good and as a result attracts a lot of customers in the community because of the products available for them to buy from my store. Each and every day, new people come to the shop to buy goods. I am very happy when they come to the shop and get what they are looking for. Sometimes the customers do not get all the goods they want because of the small nature of the shop.
Loan Proposal
I will use the loan to increase inventories in my store. My store sells domestic products to the community therefore increasing inventories will help the business to grow and the people in the community can get everything they need from my store to buy. I believe strongly that if I increase inventories, my profit will also increase to about 20%.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$20.00
Date disbursed
Sep 6, 2016
Repayment status
On Time
Projected term
6 weeks
Other loans
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