Selling exercise books and pens for schoolchildren

Daniel Gachanja

Miti Mingi, Kenya

100% repaid

Entrepreneur

Name

Daniel Gachanja

Member since

November 2013

On-time repayments

327 installments  •  27%

About Me

I earn a living through by business which involves selling of exercise books, school bags, stationary and so on. I started this small business so that I can support my family and my other siblings because they lack school fees and they depend on me. My business gives me good profit especially during schooling terms. I use the profit to expand the business in the way i can. i also use the profit to pay school fees for my younger siblings. At my free time i go visiting friends and i also like riding.

My Business

My business gives me about Kshs 10000 in a month which i usually try to save and to expand my business. However, i find it difficult to expand my business in the way i want or desire. this is because the money my business gives me is not enough to pay school fees for my other siblings, feed my family and support parents and expand business at the same time. Therefore, although i believe my business will survive because at least i get profit. After getting zidisha loan, i will buy more stock and therefore profit will be bigger and i will use this profit to repay the loan.

Loan Proposal

I want a loan of $50 so that i can buy more books and pens for primary and secondary school pupils and students prior to the next term of learning. During opening of schools, books and pens are in high demand and a person like me who deals in these items need to have enough stock. Before the opening date(s), i intend to have increased the stock such that i have more than 20 dozens of books and 30 dozens of pens. I will need 8 dozens per the named items which will cost $33 and $17 respectively. I will be very glad to receive your support. Thanks in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.17

Date disbursed

Aug 12, 2014

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Lender interest: $50.17 at 5.47% annual rate over 1 month = $0.26

Service fee: $0.17

Lenders

KYLE LARSON

Little Falls, United States

E

erlingre

Sør-Fron, Norway

Sarasota

Sarasota, Fl, United States

O

OrientExpress

Tokyo, Japan

T

thebonseung

Republic of Korea

A

aliyabe

United Kingdom

B

Bennphoto

United Kingdom

K

kitkat

United States

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