Entrepreneur
Name
Stephen
Member since
January 2013
On-time repayments
37 installments • 65%
About Me
Am a father of ten children, five boys and five girls. four of my children are in secondary school and the other five are in primary school.These primary school student are all in private school, Its xpensive but i had to do as i want my children to have quality education as in the public school education is low. I have a very big task as all my children needs education and food and not just education but quality education.With my primary school education this has been a very hard job for me. i decided to try business which has given a little help.i first started a charcoal business which i do it at my home. This has been a good help and ive been doing this for the last five years. In this business i go to the bush to guy the firewood and charcoal form the dealers and bring them here at mtwapa for sale. In this business i get an income of ksh 25,000 monthly. With my income i pay school fees and buy food for my family. And save as much as possible so that i can be able to expand my business.
My Business
Am a businessman in mtwapa doing a charcoal and firewood business. This business has become very popular here in mtwapa and even in other areas, this is beacuse charcoal and firewood have a fairer price compared to kerosine and cooking gas. Considering today's economy every one is looking for the best alternative as to what fits the pocket. I have ready customers and there is demand of these commodities. Risks in this business are like when it rains the charcoal cant be processed. In this business i make an income of ksh 25,000 per month. With this i use ksh 10,000 paying school fees and ksh 5,000 buying food. So i save ksh 10,000 per month. With this saving i can repay my zidisha loan without any problem. Am determined and i wat to make sure that all my children get the best education that i missed.And this is why i want zidisha to help me improve my business as this the only source of income i have.When this business succeeds it means i'll have the best chance to educate my children and provide them with thier basic requirements.
Loan Proposal
Hello, am so grateful to have this chance of sending yet another loan application to you. Am so happy as i will have good stock for the December holiday as this is the best business month especially in my business. I must thank all my lenders and the whole of zidisha community for the trust and help i have got from you up to date. With this loan i will add more stock so as to have good potential to my business. Thank so much and may God bless you all.
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$107.00
Date disbursed
Dec 9, 2013
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Ask Stephen a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...