William
Mombasa, Kenya
27% repaid
Name
William
Member since
February 2014
On-time repayments
48 installments • 13%
Thank you so much zidisha for giving me an extra hand to boost my small business.
I am a young man in his twenties born in emali mashuru where I attended my primary school education and later went to mombasa for both secondary and college education.
after my college diploma in clearing and forwading and logistis I went to nairobi in search for a white colar job.
I managed to get one but infortunately the contract ended after one year and went back to tarmaking once again.
after so many disappointments I vowed to make a difference oy own and that is how my elecrricals business was born and for sure I have not looked back since then. I pleasure myself being my own boss and remain in control of my decisions.
However lack of finances hinder wider breakthrough since am limited with the amount of stock my finance can afford.
That is the reason I am appealing to you my new found family to grant me this loan and take my business to whole new great level
My business deals with electricals located in mombasa island the town known as the tourist destination. in the recent past there has been an uprising demand for housing due to people migrating to the coast, many investors investing in coastal region, and real estaste developers are busy building housing facilities to cater for the increasing demand.
This necessitated my choice of business to set up since there is demand for my products which are required in the housing develent.
I am in a better position to curb stiff competition due to the fact that my products are unique and of high quality.
I intend to use the loan to increase the level of stock and be able to increase business operation and realise big profits hence more abilitu to repay the loan.
Revenue statement is as follows;
monthly sales 80,000
cost of buying stock 30,000
operational costs 15,000
profit 35,000
please zidisha family grant me the funds and be part of my success.
my dream is to be a wholesaler of electricals in the coastal region and beyond
since am already into electricals business the loan am seeking will be used to buy more stock and offer a variety of the stuff that am currently dealing with.
mombasa town and its environs yas been experiencing massive growth hence the demand for electricals, therefore the market is already there.the people prefer to buy from my shop since I guarantee them durable quality and unique products as opposed to my competitors.
Dear Lenders,
This is a very potential business and if well equiped the sales as well as the profit margin will shoot up. its therefore with no doubt I will be in position to repay the loan when given to me.
It is my hope that this relationship will go a long way to my dream realisation.
Thank you Zidisha
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Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Feb 25, 2014
Repayment status
Late
Projected term
11 months
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