Zachariah

Nakuru, Kenya

16% repaid

Entrepreneur

Name

Zachariah

Member since

July 2013

On-time repayments

21 installments  •  5%

About Me

My name is Zachariah Mwangi a resident of Centre Ojuka Estate that is off Langa Langa-Face2 Highway behind Bondeni police station.l am the last born in our family of eight members and my siblings are in various colleges  here in Nakuru.l graduated three years ago from a local university here in Nakuru with a degree in Sales and marketing but due to scarcity of the jobs in the market l decided to venture into business where l started selling second hand goods opposite Tidy's Hotel Nakuru town .l am married and mostly l use my earnings to support my family and my siblings who are still in college and engage also part of income in economic activities such as buying and selling of scrap metals mostly on part time  so as to earn an extra shilling.
The selling  of second hand goods  or clothes business is a very profitable business considering that in Nakuru we are at the center of Kenya where goods come from many parts of other towns. Utmost some of my clients comes from neighboring towns like Njoro,Mau narok,and other nearby towns.Though the business has many challenges  such as fluctuations from where i buy my merchandise it has never impacted my business negatively since my clients are able to reason with the unpredictable market trends.

My Business

Having given comprehensive report about my business, i have sincere understanding that paying zidisha loan wont be of great challenge since i already have an existing establishment to facilitate the commitment of the loan.Having enough customers to supply my merchandise i have no doubt in my mind that my venture will thrive hence uplifting not only my life but also the lives of others positively.The zidisha loan will be a big boost to my business which will enhance its growth potential.Also having done a diploma in sales and marketing has given me an additional advantage since am well versed with public relations and customer care skills
With the economy the way it is, more and more people are turning to secondhand goods and the most obvious and probably best reason to shop secondhand is the price difference.Most importantly, buying and selling secondhand goods is fun! You never know what you're going to get--it's a brand new treasure hunt every time. You might buy a storage unit filled to the brim with antiques, or maybe vintage comic books, or something completely different. If you keep your eyes open, you can find some incredible things that people just decided to throw out. It goes to show you that the old saying is true: one man's trash is truly another man's treasure. On a good month l am able to make Ksh 8,000 as net profit.With the support from the Zidisha team I will happily expand my business.

Loan Proposal

Having given comprehensive report about my business, i have sincere understanding that paying zidisha loan wont be of great challenge since i already have an existing establishment to facilitate the commitment of the loan.Having enough customers to supply my merchandise i have no doubt in my mind that my venture will thrive hence uplifting not only my life but also the lives of others positively.The zidisha loan will be a big boost to my business which will enhance its growth potential.Also having done a diploma in sales and marketing has given me an additional advantage since am well versed with public relations and customer care skills
With the economy the way it is, more and more people are turning to secondhand goods and the most obvious and probably best reason to shop secondhand is the price difference.Most importantly, buying and selling secondhand goods is fun! You never know what you're going to get--it's a brand new treasure hunt every time. You might buy a storage unit filled to the brim with antiques, or maybe vintage comic books, or something completely different. If you keep your eyes open, you can find some incredible things that people just decided to throw out. It goes to show you that the old saying is true: one man's trash is truly another man's treasure. On a good month l am able to make Ksh 8,000 as net profit.With the support from the Zidisha team I will happily expand my business.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jul 23, 2013

Repayment status

Late

Projected term

21 months

Lenders

V

vamPierchen

Luxembourg, Luxembourg

E

erozlum

Istanbul, Turkey

nicole

Worcester, Ma, United States

S

SourceWebDesign

Nieuwegein, Netherlands

S

sersche

Zurich, Switzerland

C

cardiff

Falls Church, United States

RogierEpping

Amersfoort, Netherlands

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  • Zachariah    Jun 11, 2014

    Hi Zidisha Team kindly receive my apologies for the delayed repayment on my loan,Reason i have been under unavoidable issue(sickness) with my family that been struggling with but thank God now things are getting good.kindly bear with me and promise to settle the arrears by 8th of july.
    kind regards
    zach

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  • Zachariah    Sep 12, 2013

    Hi zidisha team, I would wish to reschedule my loan repayment to the above stated later date since my business has taken a rather slow pace to pickup than i had anticipated. I will make all efforts to pay the first installment any time between now and the stated date.
    Kind Regards
    Zachariah Mwangi

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    • Foreclosedjapan    Sep 12, 2013

      Thank you for the message and information.
      Wishing you and your business success and prosperity.

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  • Zachariah    Aug 16, 2013

    I am so grateful for your assistance that I really don't know how to reward you. You came to my life when I was so desperate, frustrated and I was feeling to have been finished. . After I joined Zidisha my life had been relieved. I followed the procedures . Comes as a surprise because my sales had been so down due to the shortage of enough varieties of goods. The first thing was to change motorbike from a bicycle to make work easier. It has helped a lot and I have regained my lost customers and also cash in has gone up. I have been happy with the way I have been paying my loan because it's with favorable interest... Once again to you Zidisha you have been my strength and my hope. I love you and may God bless you.

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  • Zachariah    Aug 16, 2013

    My dears lenders , the week has been going on well in this busy field of business. The business from the time i reinvested with the capital i got from the Zidisha Organization has been going on well. This time of the month is always a busy one. The month of August sees schools closing and the...." Read More

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  • Zachariah    Jul 22, 2013

    indeed on behalf of many we are glad to be associate with ZIDISHA life changing
    kind regards

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