George
Muthwani, Kenya
100% repaid
Name
George
Member since
November 2016
On-time repayments
294 installments • 77%
My life has been interesting and full of hardships.On finishing my primary school my mum could not get fees to take me to secondary school and she tried her way best to get help. Certainly,she was able to find a school for me at Nairobi by name Aga Khan High. The principal agreed to sponsor my education because he could see my potential. Almost before the end of the year he was transferred and I had a fee balance of USD 240 for third term. Unfortunately I didn't seat for my end of year exam and had to travel in rural area having no more hope.I was then able to work as a heardsmen for a year to raise school fees.I worked for USD7 per month for 9 months.I prayed .Luckily as I was set to go back to school the government introduced free secondary school project but we catered for our food feeding program and development of the school. I then successfully enrolled in a rural secondary school in form two which I ended up finishing and got the government higher education sponsorship where its expected of you to pay a minimum total of USD 270 yearly for four years depending on degree program enrolled.The struggle continued on joining university where I paid school fees for myself by hawking roasted and fried peanuts both cooked from the school hostel. I also worked in a construction company paid USD 3 per day on my free days on class timetables and weekends.I learnt a lot from my hardships .I almost stayed for a year without buying clothes.I had occasions clothes and daily use clothes so that I could look decent.I was lucky enough to get supply contract in local supermarkets. I quited this business after finishing higher education and invested on a long term Retail Shop at a local area which has the capability of operating 24 hrs and have been able to employ two people who work on shifts. Am currently an employee in a cyber security company. It seems impossible until is done. I always feel I have a debt to pay. I need to find a way to be able to help those in need. By inviting trustworthy needy people to Zidisha I will have helped dozen and their families too.
I currently run different businesses . I have a retail stores dealing with food stuffs and fast food and recently opened a cereal stores and is doing very well. I also sell on both wholesale and retail roasted peanuts and peanut butter from my rental house. I am also working in an IT firm with capability of working 24 hrs on shifts. From my retail stores I can get around USD 30 after all deductions monthly. From my recently opened cereal stores I can get up to USD 40 after all deductions per month. From my peanuts business I get USD 7 profit Per sales day. If I don't roast that day then I get nothing. From my full employment I am paid senior staff salary which is averagely between USD 400 to USD 1000 per month. Tax is however taking it's lee way. I use my profits some times as savings, others I pay school fees for my daughters, sometimes pay salaries to my employees and support church activities including tithe and also helping the needy in the society. I now intend to pursue a master of cybersecurity in United States based university through taking a discover loan and graduate assistantships. Looking forward for a beautiful future after working in an IT consultant firm for over 6 years.
I will use all your money lend to me to do productive and profitable business.I have been able to earn profit before hence this is not a start up. I will buy 100 kg bag of raw peanuts for roasting at US $1.50 per kg summing to US $150. I expect a profit of at least US $100 , which I will use to reinvest in the business and also pay rent for my living house of US $40 and my shop at US $20. I will recharge my cooking gas at US $ 7 and I also intend to buy a supplementary gas for use in emergency cases to ensure steady supply of my goods to the market even when supply of cooking gas products is low. A complete Meko(complete cooking gas) costs US $ 60.
I will also add more stock of cereal stores with beans, maize, maize flour, wheat, rice, green grams, green peas,peas, lentils(Kamande), sorghum, millet, brown rice,Bulb onions,chickpeas,Dolichos beans,and soybeans.I intend to buy some of these goods from my neighbors as its harvesting time and store them for higher price selling.
I will also invest US$ 40 in paying salary casual employees to help me harvest my maize and some legumes in my garden.
Buying price:
* Soybeans 5kgs at US$ 4.5 at US$ 0.9 per KG
* Dolichos beans (Njahi) 5kgs at US$ 4.5 at US$ 0.9 per KG
* Green peas 40kgs at US$ 52 at US$ 1.3
* Bulb Onions 5kgs at US$10 at US$ 2 per KG
* Beans 40kgs at US$ 32 at US$ 0.8 per KG
* Maize 40kgs at US$ 20 at US$ 0.5 per KG
* Maize flour 20kgs at US$ 10 at US$ 1 per 2 kg
* Sorghum 40kgs at US$ 48 at US$ 1.2 per KG
* Wheat 40 kgs at US$ 40 at US$ 1 per KG
* Rice 40kgs at US$ 32 at US$ 0.8 per KG
* Green grams 40kgs at US$ 60 at US$ 1.5 per KG
* Peas 40kgs at US$ 64 at US$ 1.6 per KG
* Millet 20 kgs at US$ 32 at US$ 1.6 per KG,
* Lentils(Kamande) 30kgs at US$ 72 at US$ 2.4 per KG and
* Brown rice 30 kgs at US$ 45 at US$ 1.5 per KG.
The Estimated Total Cost of all these cereals is US $ 526.0 and at least US $20 for the Transportation Cost. I will supplement the extra amount with my savings. The estimated profit is US $100 in a month.
I will not have extra shop rent since it's just a bags for storage I am adding on my existing retail shop.
I will use my profit to educate my young girl, who will be joining baby school in September,support church activities by tithing and support my parents. If all goes well, then I will be able to purchase commercial land where I can build my own shop. I see the dream of owning a land coming soon with the help of Zidisha and I having financial freedom. Thank you my previous lenders!
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$504.00
Date disbursed
Aug 16, 2017
Repayment status
On Time
Projected term
3 months
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