Hi, my names are veronica ogada, i am requesting a loan of kes 12,754 with an interest of 20% .to be paid within two mon...

Veronica

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Veronica

Member since

January 2014

On-time repayments

312 installments  •  28%

About Me

My names are Veronica Ogada i am 35 years old and married with Three children ages eleven, eight and three respectively.i live in Nakuru in the rift valley province . my husband owns a garage and that is why i decided to start a motor vehicle spare parts shop to accompany the garage.i use the earnings from my business in the daily development of my family and also continue to stock my shop. my families daily upkeep depends on that shop. i also help my husband pay school fees for my children and our siblings who are still in school. we also need to build a family home in Nakuru and in the village. I had a great childhood till when i lost my parents and was taken in by my uncle who continued to pay for my secondary education. Immediately i finished secondary school i got a job and i used my salary to pay for my college tuition and other expenses. After college went to continue working but unfortunately i was layed off. that is when i started my business and since my husband was already in the motor vehicle business he helped me start off.
my first born Amanda has just begun her journey through secondary school amd my last born will begin primary school next year and i pray that they all go through school to university. I love reading inspirational books,

My Business

My Name is Veronica Ogada and i run a small my small motor vehicle spare shop .my shop is located along the Nakuru/Eldoret highway in that area there are many garages located around there. my shop is located within my husbands garage so there i have an edge with my competitors because all the spare parts needed in that garage comes from my shop. i source my goods from Nairobi. but with enough funds available i would like to some day be able to import the goods directly therefore maximizing ion the profits. With this Zidisha loan i intend to start building a family home and hence stop renting and channel the cash towards my children education. Someone might think the loan is not much for that but i intend to start small invest in the business as a use the profits to put up the home.

Loan Proposal

I will use the loan to stock more bolts and nuts for my motor vehicle spare shop. these items are used by mechanics on daily basis.i will stock almost all different sizes of bolts and nuts and that will help me maximize on the profits.i will appreciate any assistance in purchasing the bolts and nuts because my dream of having enough stock in my shop will come true and i will not be sending my customers to other shop because everything they will want will always be available.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$66.00

Date disbursed

Feb 3, 2014

Repayment status

On Time

Projected term

8 weeks

Lenders

EricDWalters

Rochester, Mn, Usa, United States

Zidisha

Sterling, United States

Sarasota

Sarasota, Fl, United States

Richard Griebe

La Jolla, United States

dlpringle

Denver, United States

Matching Fund

Sterling, United States

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