Steve Ngau

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Steve Ngau

Member since

July 2013

On-time repayments

81 installments  •  16%

About Me

My name is steve Ngau.I stay in an estate called langalanga estate nakuru kenya.I stay about 100 metres from the stage of langalanga mwisho .Here i stay with my wife and my kids.This estate is prudent because the house rent charged here is affordable to me and thus my business can support me and my family with rent and food. I currently pay around kshs.2000 for my rent and the rest is for food and clothings.Currently am selling stationery items in small scale in the city centre.This stationery business is picking up and the stock that i hold right now is not enough to allow me to compete with other competitors .I would like to upgrade my stock .If i am able to raise enough money to increase my stock then my business will increase and so is my life will be stable

My Business

I am involved in stationery supply especially photocopy and printing papers.To enable me sustain my customers i would like to increase my stock so that i can be able to expand my clientelle base.I have these regular customers and due to my reasonable price of my goods and my good customer service i have seen an inrease in new customers as opossed to other competitors who's prices are alittle bit higher than mine.The only place that these competitors beat me is in their capacity to stock.I can hold any stock because of financial constraints.Currently am having a stock of ksh.20000.This together with monthly expenses of about ksh.13000 i cannot see myself having extra stock to counter other competitors.The greatest risk in this city is that of political risk as this will make the potential customers stay away in their homes.With cash am generating from this business i will be able to pay my loan to Zidisha

Loan Proposal

I am involved in stationery supply especially photocopy and printing papers.To enable me sustain my customers i would like to increase my stock so that i can be able to expand my clientelle base.I have these regular customers and due to my reasonable price of my goods and my good customer service i have seen an inrease in new customers as opossed to other competitors who's prices are alittle bit higher than mine.The only place that these competitors beat me is in their capacity to stock.I can hold any stock because of financial constraints.Currently am having a stock of ksh.20000.This together with monthly expenses of about ksh.13000 i cannot see myself having extra stock to counter other competitors.The greatest risk in this city is that of political risk as this will make the potential customers stay away in their homes.With cash am generating from this business i will be able to pay my loan to Zidisha

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.37

Date disbursed

Jul 29, 2013

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $100.37 at 4.60% annual rate over 12 months = $4.71

Service fee: $5.12

Upon joining Zidisha, Steve paid a lifetime membership fee of $8.73.

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