Emmanuel Chilumo

Majengo, Kenya

100% repaid

Entrepreneur

Name

Emmanuel Chilumo

Member since

March 2013

On-time repayments

25 installments  •  24%

About Me

Am a married man with 8 children.2 of my children are working, 3 are secodary school while the others are in primary school. I live at majengo kanamai near kanamai healthy centre,alight from the mombasa malindi highway at stage ya town, take the raod leading royal reserve hotel and just about 100 metres there an white painted big building thats kanamani healthy centre and opposite a swahili house that is where i live...Am a cook by profession .My wife is a business woman and a teacher.I started the business due to the rising needs of my my family aand to pay for my children education.I use the business earnings to pay for my children education and house needs.

My Business

I own a shop whereby business involves buying in bulky food staffs and home use produts to local people in small quantities.People have to eat and buy products to use at their homes on daily basis and that makes demand high.Most people prefer my shop because i sell in small quantities, have good custormer relations and offer credit to my customers.THe risks involved in this business are that the shop my be robbed by thieves, creditors may not pay in time.I make around 3,000 sh per day thus 90,000 sh per month.Daily expenses is 500 sh per day thus 15,000 sh per month.I take in new stock evey week worth 10,000 sh thus 40,000 sh per month so after doing all calculation the profit my business generates is 35,000 sh every month.

Loan Proposal

Hello, am so happy to have been approved in posting a loan application, this is an honor and am so thankful to the entire zidisha team for the wondreful job that you are doing in improving people's business which is uplifting their lives as well. With this loan i want tobuy enough stock that will retain my customers. because when customers dont get what they want definentily they will end up running away. which is very bad in business.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

May 5, 2013

Repayment status

On Time

Projected term

12 months

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N

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