Mwalewa

Mtwapa, Kenya

16% repaid

Entrepreneur

Name

Mwalewa

Member since

February 2013

On-time repayments

12 installments  •  0%

About Me

My name is Mwakewa Dzila Bao, a resident of mtwapa, and a businessman in mtwapa as well Am married and blessed wuth three children,my first child is a boy aged thwenty yaers old and the second is a girl aged eighteen years old and the last is a girl too aged ten years old. I live with my whole family here in mtwapa. Am a secondary lever having completed my secondary education well, but due to my family's low financial status i did not have an opportunity to join any college. ffrom school i had to venture into business as most jobs were under paying. I started a charcoal and firewood business. this business is doing great here i mtwapa and i decided to do it as well. With the cash i get as reveniew i buy food for my family as well as other family needs like clothes, rent and school fees.

My Business

I do a charcoal and firewood business. i do this business here in mtwapa. this business is doing well here in mtwapa because of the high prices in kerosine and cooking gas. while most of the residents here are middle income earners who cant afford the prices of these products. And this is why we came to their rescue.Risks in this business include, rainny weather which really affects the processing of these comodities, In a month i get an income of ksh 30,000. With this income i use ksh 3,000 paying rent, ksh 5,000 for buying food for my family, ksh 8,000 paying school fees. So i save ksh 14,000 in a month. With this saving i can repay my zidisha loan without any problem.

Loan Proposal

Hello, zidisha, am so happy that my loan application has gone through. Thank you so much for the act of faith towards my loan application. With thi loan i will buy some firewood to the charcoal business as most of my customers ask for this commodity. With this i will add value and i expect more income for this addition.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Apr 4, 2013

Repayment status

Late

Projected term

12 months

Lenders

russell

leicester, United Kingdom

Sundstroms

Falun, Sweden

Namaste250

Pittsford, United States

A

anastasia

Cranston, United States

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