Help me expand my samosa business
Mwangi
Kahawa Wendani, Kenya
13% repaid
Entrepreneur
Name
Mwangi
Member since
February 2014
On-time repayments
260 installments • 11%
About Me
Am the first born in a family of three kids, am a computer science undergraduate student and I do freelance academic writing, am in my final year at Kenya Methodist University, Nairobi. The freelance writing is my source of income and in a good month I can earn up to $336. I however wish to start investing on bigger projects and I believe that will be possible by taking loans to achieve greater goals. Am an enterprising person and the sky has never been my limit, I aim higher. Scott Belsky the co-founder of Behance once said, “It’s not about ideas. It’s about making ideas happen.” I aim at making my ideas happen.
My Business
I operate a samosa business where I sell samosas to students in campus. Samosas are the preference for most students due to their nutritional value and cheap cost. Due to this fact, samosas are in high demand and venturing into their sale is a profitable business; however, there are risks and shortcomings in any business model, competitors in the market, lack of enough capital and human resource are among the many shortcomings. However, I believe that where there is a will there is a way, and every success story has an origin. Additionally, am also an academic writer and most of my income comes from writing, and on average, I make approximately $336 per month hence I can be able to repay the loan on time.
Loan Proposal
This is my second loan from Zidisha, I was able to repay the first loan timely as scheduled. My business of selling samosas did great and even better than I expected after the college reopened. I now wish to expand my business to another college and employ one person who will be managing the business from the other college as I continue to manage in my current college. With Zidisha’s help am sure I will be able to expand my business to much higher heights and achieve greater goals. Every success story has a starting point; Domino’s Pizza, McDonalds, KFC all started somewhere. My goal is to reach as far as I can go. It is my humble plea that Zidisha and all the sponsors help fund my loan enabling me expand the business. My on time repayment and 100% repayment rate prove that am trustworthy and focused.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$466.00
Date disbursed
Jun 17, 2014
Repayment status
Late
Projected term
79 months
Other loans
Lenders
Bremen, Germany
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