Furniture loan

Emmanuel

Kwa Chocha, Kenya

100% repaid

Entrepreneur

Name

Emmanuel

Member since

September 2014

On-time repayments

4 installments  •  25%

About Me

I am the last born in a family of six. we are two boys and four girls. I am educated to high school level. I joined school in 1994 and completed my primary education in 2003. I joined majaoni secondary in 2004 and finished in 2007. I got a certificate with grade c. I stayed at home for a while because there were no funds to enable me continue with my education.

In 2010 I decided to open a small kiosk here in malindi. I started with a very small capital of around 70 us dollars which I borrowed from my brother. Things were so hard but because I had a goal, I managed. I was able to repay the money and also sustain my business.

I reinvested my profits and increased my capital to a working capital of around 250 us dollars.
I then decided to move to a bigger room where I am now. Its now a retail shop with many customers. I can pay rents,taxes. sometimes I send some cash to my mother at the village.

I later decided to open a cyber cafe in my area which is very profitable and I have no stress running it. my income has raised to more than 150% and I am planning to make proper branding and also invest more in furniture. By doing this, my customers shall have confidence in my venture and many more will surely come.

I am also planning to launch another branch somewhere in town so as to raise more income.

My Business

My shop generates an average of 100 dollars per month. this is obtained from the profits earned from buying and selling if goods. I also charge mobile phones and batteries. my capital is made up of food stuff,household items,kitchen utensils,mineral water,soda,airtime and many other things.

I am also planning to open an mpesa business. This requres a minimum of 10000 us dollars. This business will be so profitable because customers will have the advantage of purchasing goods without necessarily having liquid cash.

customers will be able to have withdraw money and buy items under the same roof. This will save their time and reduce their burden of moving here and there.

we have only one mpesa agent in my area and it closes at 6;00 pm. If I have it in my shop more customers will have access to it because I close my shop at 9:00 pm.

Lastly I need to be buying goods at bulk in order to eliminate middlemen. this will increase my profits by more than 20%. it will also create a super display of products hence attracting more customers.

Loan Proposal

I am planning to Buy good furniture for my office as I expanded it.
Office desk
office chair

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Nov 15, 2018

Repayment status

On Time

Projected term

3 weeks

Other loans

Lenders

Paul Buchheit

Mountain View, United States

Ask Emmanuel 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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  • Daniel    May 13, 2019

    Hello Lenders,

    I have spoke with Emmanuel and he told me he will remit the payment tommorow

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  • Daniel    Apr 12, 2019

    Hello Lenders,

    I was not able to reach Emmanuel on phone,but i spoke to one of his referee who happens to be his brother and he promised to get intouch with him

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  • Daniel    Mar 6, 2019

    Hello lenders,
    I have spoke to Emmanuel and he informed me he was away and is back now he should start making the payment tommorow.
    Thanks

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  • Daniel    Jan 26, 2019

    Dear Lenders,

    Have spoke to Emmanuel and he had some challenges with his business but he has promised to make some payment on monday and clear the balance by end month

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  • Emmanuel    Dec 23, 2018

    Hi lenders, I beg to apologize for what happened. I fell sick last week and hence could not pay the loan in advance. I was admitted in hospital for three days. I could not not even access the office at least to inform you of the situation at hand. I am dearly sorry for that. Even yesterday when I was called by the agent. I was deep asleep due to strong medical administration that included some tabs and injections.

    I therefore beg you you to forgive me for this and Kindly allow me to start paying from January 5th 2019. I promise you that I will never fail you on this.

    Thank you very much for your concern and God bless you for your services.

    Yours faithfully,

    Emmanuel Kadzeha.

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  • Daniel    Dec 23, 2018

    Dear Lenders,
    Have not been able to reach him,however i spoke to one of his sister to pass the message to him

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  • Emmanuel    Nov 23, 2018

    I want to buy a Good printer for use in my cyber cafe.
    It will really help me in photo printing and all color printing tasks
    thank you very much for considering me in funding for my project.
    Yours,

    Emmanuel Kadzeha

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  • Emmanuel    Nov 23, 2018

    I can pay more than this

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  • Emmanuel    Nov 22, 2018

    feeling relaxed after the entire investment...

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  • Emmanuel    Nov 22, 2018

    At my place of work.

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  • Emmanuel    Nov 22, 2018

    rare view of my office

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  • Emmanuel    Nov 22, 2018

    my office signboard

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  • Emmanuel    Nov 22, 2018

    my zidisha loan has enabled me to purchase some furniture for my office. I am now comfortable in my office.

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  • Emmanuel    Nov 22, 2018

    I am very pleased with the Zidisha Platform. if we continue this way, many of my goals shall truly come manifest.

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  • Evans    Oct 16, 2014

    the networ providers were unable to rectify the line making to date. so its my advice zidisha to reclaim the amount back if possible and even that account wiil be obsollette. this is from the applicant's mouth..

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  • bconrad    Oct 2, 2014

    Dear Lenders,

    Thank you for your patience as we work to disburse this loan. There has been a delay with Emmanuel's line that we are working out, and hope that it is resolved soon.

    Thank you,
    Bayle, Country Liaison Manager

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  • Evans    Sep 19, 2014

    hi brother i hope yoiou are ok. in case of anything just call my number and we shall see ourselves through

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  • Emmanuel    Sep 16, 2014

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  • Emmanuel    Sep 16, 2014

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