Funding for my wholesale shop

Moffat Utwere

Nairobi, Kenya

100% repaid



Moffat Utwere

Member since

March 2019

On-time repayments

88 installments  •  84%

About Me

I am a native Kenyan citizen, born and raised in a third world country, face to face with all the shortcomings of it : Poverty, Poor Infrastructure, Hunger, Political instabilities, Under Development, Diseases, Corruption, Civil Wars just to mention a few. Born to two peasants who were casual labourers by then doing small casual jobs, they struggled to raise me together with two of my siblings and they have been through thick and thin to see us through school, I studied from elementary to tertiary thanks to government funds, NGO sponsorships and well wishers yet still it was not a walk in the park, am expected to pay back part of the Higher Education Loan Board (HELB) the cash they lended me for my campus fee as soon as I begin working. My desire is to own and run a stable business, I have a small one that is up and running but as they say the sky is the limit and am not even at the clouds yet,but nothing comes on a silver plata, I have to work for it, am not keen with being employed due to limited opportunities despite having well deserving certificates also I do not opt for employment due to its "enslaving" nature. A friend of mine categorically testified to me how Zidisha enabled him to grow and realise his goals and objectives and for sure it caught my attention and I said to myself, why not? I want to eradicate poverty off my shoulders and also save my family along and am quite optimistic Zidisha will be a part of this magnificent transformation. I want to grow bit by bit using this platform building a mutual relationship that at the end will bring up something beautiful, something to go down the history books.

My Business

I have an Mpesa shop accompanied with a few small add ups like sweets, credit and accessories, I need a loan to strengthen my capital base and solidify my business in the competitive market. The loan helps me buy small but fast moving and profitable products like sweets. I want to venture in three basic consumer goods that are ever on demand for both wholesale & retail, these are: Cooking oil, Cooking flour and Rice, these three always have a stable demand inspite and despite financial crisis at hand, and not only am I planning to start but also transport them to the door of my clients. For me to sale them at wholesale I will need to be buying them in bulk so that I can get a discount and this means more funding. I use the profits to invest more in the business since am single and not studying also have no responsibilities attached to anyone except myself. This will help me create job opportunities to the job seeking masses in my country.

Loan Proposal

For this particular loan I will buy first moving products for my shop and supply them as quickly as possible in order to earn maximum profits, am targeting in increasing my eggs supply, credit cards, sweets among others, your assistance is really needed, Thank you my dear lenders





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

May 4, 2019

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $4.79

Credit risk payment: $14.38




Göteborg, Sweden



United States


San Francisco, United States

Grant Xavier Storer

Seattle, Wa, United States



Berlin, Germany


Minneapolis/StPaul, United States


Zürich, Switzerland




Jim Murray

United States




Ken Oram

Warrington, United Kingdom



United Kingdom

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

Please log in to comment.

  • Linda Sackey    Mar 31, 2022

    Good luck

    Log in to reply • Share
  • Moffat Utwere    Mar 29, 2022

    Through generous and futuristic lenders I was able to fully set my business ambition ablaze and I was able to not only start but also employ and expand a distribution business that has earned me a good networking within my niche, am here again ready to explore the potential filled business environment for advancement and expansion of my newly found empire.

    Log in to reply • Share
  • Moffat Utwere    Feb 9, 2021


    Log in to reply • Share
  • Moffat Utwere    Jan 4, 2021


    Log in to reply • Share
  • Moffat Utwere    Nov 24, 2020

    COVID 19

    Log in to reply • Share
  • Moffat Utwere    Oct 13, 2020

    covid 19

    Log in to reply • Share
  • Moffat Utwere    Jun 23, 2020

    COVID 19

    Log in to reply • Share
  • Moffat Utwere    May 5, 2020


    Log in to reply • Share
  • Moffat Utwere    Mar 25, 2020

    corona virus

    Log in to reply • Share
  • Moffat Utwere    Feb 11, 2020


    Log in to reply • Share
  • Moffat Utwere    Jan 1, 2020

    Business uncertainties

    Log in to reply • Share
  • Moffat Utwere    Nov 24, 2019

    Business uncertainties.

    Log in to reply • Share
  • Moffat Utwere    Oct 7, 2019

    business uncertainty

    Log in to reply • Share
  • Moffat Utwere    Sep 29, 2019

    Business ups and downs

    Log in to reply • Share
  • Moffat Utwere    Sep 22, 2019

    Business instability

    Log in to reply • Share
  • Moffat Utwere    Sep 11, 2019

    Business difficulties.

    Log in to reply • Share
  • Moffat Utwere    Jul 4, 2019

    The platform is charging me a huge credit risk fee almost half of what I have borrowed, its not helping much and am fully servicing the loan, frankly speaking the site is not that helpful, I have to outsource funds from other "fair" lenders.

    Log in to reply • Share
  • Malte Horland    Jun 22, 2019

    Hi Moffat,

    I read your story as well as the blog article about your business and would be interested in talking about it in more detail.

    Feel free to contact me at: [email protected]

    I'm looking forward to hearing from you.

    Best regards,

    Log in to reply • Share
  • Moffat Utwere    Jun 20, 2019

    Thank you for the loan, it will stabilize my business further.

    Log in to reply • Share
  • Moffat Utwere    Jun 16, 2019

    Hello lenders, first things first thank you all for the undivided support on my just repaid loan, It really expanded my business boundaries as well as I have learnt a lot of business information in the retail and wholesale trades. With the loan I multiplied my stock and also spent on marketing and means of delivery to my clients, all went well up to a certain point I had to reduce my installment limit for two installments then I came back to normalcy after a small business inconvenience. But as per now I was able to get the cash back, I re-invested in the business three times before my time for repaying the loan elapsed and trust me it was worthwhile, as per now my clients have increased and I have a heavy burden of having to supply to them more goods and am not able to sustain due to limited funds. I am hereby applying to get another chance to withhold the state of my business and if possible progress it.

    Log in to reply • Share