Funds to increase stock for my shop business

Grace

Juja, Kenya

3% repaid

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How it Works

Entrepreneur

Name

Grace

Member since

February 2015

On-time repayments

26 installments • 19%

About Me

I am the second born in a family of 6 siblings, I hail from Othaya in Central Kenya. I have studied up to standard eight and due to the family status I was not able to proceed to Secondary school, instead I decided to take a technical course where by, I trained tailoring and set up a tailoring shop at JUJA. I continued with this business for a period of one year and later realized that the business is not doing well.
I started on another business of selling UNGA maize flour, which is booming and giving me profit and due to that I have retained it to date.
My passionate is to set out goals high for other youths to emulate in order to change mind of many youths, to let them know that they can also be useful in economic development of our country because many have been indulging in drugs and drug abuse. It will always remain my obligation to repay any cent granted to me by my honorable lenders.

Thank you all, Thank you Zidisha.

My Business

My business is solely involved in selling Maize flour and other food stuff, I normally distribute to local retail shops and get profit which vary form the distance of various retail shops.
I am very passionate in doing this business because there is some returns on this investment, as I take it as a way of feeding the nation. I believe this business can assist me move to the next level in the business community and become a middle level business entrepreneur in the next 3 years, it is my sincere hope that I will later set up a small milling industry in this location "JUJA" because the demand is much bigger than even the supply due to the ever rising population, as JUJA is a developing city with a national university and other surrounding industries.
I hope if given opportunity I will honor my obligation of paying all my loan with due diligence.

Thank you all, Thank you Zidisha.

Loan Proposal

I am planning to secure this loan to expand my business and increase my returns. My budget for the loan is as follows.

PURCHASES:
Additional 5 90 kg bags of maize floor @ 3150(31.50 USD) each = 15750(157.50 USD)

SELLING:
I sell my maize floor per kilo even if a client want to buy in bulk so my 5 bags will give me returns as follows:

1 kg @ 45 by 90kg =4050 KES(40.50 USD)
5 Bags will be 4050 by 5 = 20250 KES(202.50 USD)
Profit = 20250 - 15750 = 4500 KES(45.00 USD)
In one Month I will turnover this business 3 times meaning this profit of 4500 by 3 = 13500(135 USD) so if I subtract in-house expenses of 3500(35 USD), I will be able to save 10,000 KES. The payment of this loan will be easy and even expansion of the business based on the demand.This business is worth undertaking it, if you compare the overall cost of doing it and the overall returns.
Lastly my honorable Lenders I would like to pledge my sincerity and commitment in repayment of this loan.
God bless you all, God bless Zidisha.

Thanking you all in advance.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Dec 22, 2015

Repayment status

Late

Projected term

3 months

Other loans

Feb 2015: $100

Lenders

cyrus0302

San Francisco, United States

ErikN

Stockholm, Sweden

fairspirit

Utrecht, Netherlands

Bob Fitzjohn

Fontvielle, Monaco, Yemen

mepster

San Francisco, Ca, United States

Bing-shu Pan

Taiwan

Wendy Emlyn

Devon, United Kingdom

United States

Netherlands

Ocoee, United States

Switzerland

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Stephen Jul 4, 2016

dear lenders Grace promised to make her repayment soonest .she have been undergoing a great financial constrains.

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Grace Jun 29, 2016

I am working toward repaying this loan in full, kindly bear with me, I had been passing through a tough time, but tough time never last forever.

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Stephen May 8, 2016

Halo dear lenders ,
wanjiku is undergoing financial constrains kindly she promised to make her payments soonest.

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Stephen Mar 21, 2016

Dear lenders my efforts to reach Wanjiku have born no fruit I will let you know once I reach on her.

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WE
Wendy Emlyn Mar 6, 2016

Hello Grace.
Are you able to start making payments yet? If not, please get in touch with Zidisha to discuss adjusting your installments.
God bless you,
Wendy

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Stephen Feb 9, 2016

dear lenders wanjiku promised to make her repayments soon.

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Stephen Feb 9, 2016

Dear lenders I communicated with Wanjiku who promised to make his repayments soon.

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WE
Wendy Emlyn Jan 19, 2016

Hello Grace, can you get in touch with Zidisha to reduce your payments to a more manageable level? That is better than letting yourself get behind with your payments, which can make it harder to get a future loan.
God bless you,
Wendy

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- Grace Jun 8, 2016
  
  I am sorry Wendy for the inconvenience I might have cost, my case has been a difficult one coz of the kind of challenges I have passed through, I do not need to explain but some time I was even going on without a dinner, after my shop was stolen and lost almost everything, with a liability of paying some creditors. I am coming back on track soon you will see payments starting to stream in.
  I am sorry I didn't meant this.
  
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  - WE
    
    Wendy Emlyn Jun 9, 2016
    
    Thanks for letting us know, Grace. We are very understanding here at Zidisha if we know someone is struggling to repay. That's why I asked you to get in touch with the team and reschedule. We can't help you if you don't ask!
    God bless you,
    Wendy
    
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Grace Dec 23, 2015

Thank you lenders, I have received 15000 KES(150 USD), this loan am planning to spend it on purchases of new stock for my shop to sell it over the Christmas and new year festival. It will improve greatly on my sales as I will be able to avail what is needed to my clients especially at this festive season.
Thank you all, thank you Zidisha.

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Grace Dec 21, 2015

Dear lenders, this is the Christmas Gift you have given to me, I have resiently waited for your fundings. I will buy some more stock for my shop business. This will help me a lot to make sure that am able to Provide what my customers requires.
Am very grateful and my only sincere appreciation is to repay this loan in the anticipated time.

Thanks you all, thank you Zidisha.
Kind regards: Grace

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Grace Dec 8, 2015

I wish and its my prayer that lender will see this request and consider funding me, to unlock my potential in this business.
Thanking you in advance.

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Grace Aug 25, 2015

I have made a come back hoping to secure a loan invest and fully repay in the stipulated amount of time.
Thank you all in advance

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Grace Jul 2, 2015

Sorry my lenders there is a paragraph that I had made a mistake "To my lenders I once again appreciate ................." I wanted to use the word "once" instead of "was"
Thank you.

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Grace Jul 2, 2015

Thank you lenders for entrusting me with you monies, today signifies that I was fully committed in repaying back my loan. I would like to admit that I passed though tough times as my business was going through meanders of development challenges, I was once giving in to those challenges but thank God, that tough times don't last forever, I have successfully serviced my first loan at Zidisha and I hope to service many more. Soon I will request for another loan to fill a loop hole where my business was leaking through; in order to strengthen it for much higher returns.
Thanks to all who were supportive during the whole repayment period.
To my lenders I was again appreciate your kind heart for giving me opportunity to prove I can be entrusted with the little, the same way I can be entrusted with the much wealth .
God bless you all, God bless Zidisha.

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Grace Jun 22, 2015

I have started paying, I kindly call upon resilience of my lenders as I settle down this debts.
I am so remorseful for any inconveniences I might have cost, but my business was on the knees but now it is coming back on track and I hope to settle this accrued debts ASAP.

Thank you Lenders, Thank you Zidisha

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Fredrick Jun 1, 2015

Dear lenders today I talked with Grace and informed me that her business was not doing well but she's being optimistic about this week and even promised to make partial instalment tomorrow. Thank you

Fredrick Kamau
(V.M)

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Grace Apr 2, 2015

Good day lenders; I am progressing well and I hope to upload a picture very soon for you to see.

Thank you all.

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Grace Mar 17, 2015

thanks all my lenders, I received my loan in full as I had applied; my course of action is to expand my business as soon as possible and be able to repay the loan back within the stipulated time, in order to qualify for much more credit in future.
Thank you all my lenders I appreciate your generous effort of funding me.

Thank you all, Thank you zidisha.

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Grace Mar 12, 2015

Thank you lenders this is wonderful, I will invest and repay these money as soon as possible, because I plan to increase my borrowing progressively in order to benefit more and more.

Thank you all, Thank you zidisha.

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Fredrick Mar 6, 2015

Dear Member;
I am grateful to serve you as Volunteer Mentor, I kindly remind you to make your repayment on time always in order to remain in good relationship with lenders and increase your credit limit as well as avoiding consequences resulting to repaying late or not repaying at all.

Kindly comply. Should you have any question, please do not hesitate to call my number.

Regards
Fredrick Kamau
(Volunteer Mentor)

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