Benjamin Idewa

Koteko, Kenya

100% repaid

Entrepreneur

Name

Benjamin Idewa

Member since

July 2013

On-time repayments

53 installments  •  40%

About Me

I am Benjamin Idewa a resident of Koteko sub location Kocholya Location, Teso North District Busia County. I am married and blessed with two kids, and before I’ve start talking about myself, I want to pay homage to the entire Zidisha community for coming with a great idea of helping the small entrepreneurs and may the almighty always bless you. After my O level education I decided to venture into the Kinyozi (Barber) business to earn a living and to provide for my family because life wasn’t that easy. I started with only one chair and one shaving machine and slowly my business ha s expanded and really proud of myself of what I have done

My Business

I Started this Kinyozi business two three years ago i.e July 2010. When I started this business I only had one chair and one shaving machine. Slowly my business started picking up and currently am proud because I have four chairs and three different set of shaving machines. My business location gives me an added advantage over my competitors because it is strategically located, the business is located between two adjacent primary schools and currently a youth polytechnic has been set up. With the increasing demand for the Kinyozi business I have managed to progress well and in the recent times we have been experiencing a lot of power shortages in my location, hence I need this money to buy a small solar panel just in case there is a blackout I can still continue to do my work. Currently my total cost per month is Ksh 15,000 and my total revenue is Ksh 35,000 and my net profit is Ksh 15,000. Please kindly As Zidisha family I need this money to expand my business. God bless you all.

Loan Proposal

I want to pay homage to the entire zidisha family for their good work they are doing for small scale business people across the globe. I need this loan to expand my existing business and buy a solar panel to help me do business even when there are blackouts. By doing this I will expand my customer base hence there will be an increase in the profitability of the business. Thank you again and may the Almighty God Bless you all.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.41

Date disbursed

Sep 5, 2013

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: $2.17

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