Kibet Machuki
Eldoret, Kenya
100% repaid
Name
Kibet Machuki
Member since
September 2016
On-time repayments
203 installments • 35%
I was brought up in a Christian family in Nakuru,went through primary ,secondary and university level.I hold a Bachelor's Degree in Economics.
I went through various hurdles in life and later ventured into a small business using little capital.
I love my culture as it's the only culture that accepts any individual. Love playing football.
I have a business that deals with clothes for all genders and shoes for women. I get the clothes monthly from USA and some from Uganda and Tanzania then sell in Kenya. The items are in huge demand and I have lately been trying to increase my stock and luckily it's working out well and want to do more and more. I chose the business because of the less competition , profitability and also because of a potential market(Students from the nearby University and also the local communities).
Costs incurred is roughly Ksh.205500 and a gross profit of Ksh.420000 is realized.These profits have greatly improved thanks to Zidisha for boosting my stock and thus resulting to increased earnings. I use the profits to reinvest into the business by increasing stock and also paying my siblings school fees.
I really need to stock my shop with more clothes.Students are now back from semester break and my items are really selling. Students are in demand for my items and my previous stock is already sold.
I am going to use this loan to add more stock in my shop.This will really boost my business and also will make more clothes available for my dear customers. I expect my business earnings to increase by at least 30%.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$747.00
Date disbursed
Jul 2, 2017
Repayment status
On Time
Projected term
174 months
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