Fredrick Ashikah

Nyahururu, Kenya

100% repaid

Entrepreneur

Name

Fredrick Ashikah

Member since

August 2013

On-time repayments

26 installments  •  88%

About Me

Am Kenyan citizen aged 37 years old.I am a married man with one wife and four children. I live in NYAHURURU town at CO-SITE ESTATE with my family. I do my business in Nyahururu town where I sell second hand shoes. I started my business way back in 2010. About Education, I did my KCPE in the year 1993 and joined my secondary school and did my KCSE IN THE year 1997. After two years from school joined collage to sturdy sales and marketing/ business management. I started my business because I wanted to be self employed and create avenues for generating income for my family. Since I started my business I have been able to support my family and also support my two sisters complete their secondary education. If I get supported I will expand my business and create more avenues for income generating purpose.

My Business

I trade in Nyahururu town on the main street of the town koinange street. I buy second hand shoes and sale them at retails.I started my business three years back in 2010. I started with small capital and I have increased my stock to where iam today. I have witnessed high demand because of good quality shoes that I sale, because of friendly price on the second hand shoes. My customer prefer me because of good quality market that I offer to them. The business is profitable because our friendly price that allow me to sale in lager quantity. The risks that I encounter are sometimes sales are down and by that stock my take long, My typical monthly costs 50000/- to 85000/- If given support I tend to expand my business and create more opportunities to the society.After expanding my business I am 100% the business will assist to repay my loan monthly without any problem.

Loan Proposal

I will commit the all amount in my business by increasing my stock. By doing that it will boost my daily collection from what I used to collect. 7900/- ksh I will be put in a half sack of second hand shoes that I will purchase from the very fist day am given the loan. The remaining amount will cater for transport from where we go for our goods in the store. I promise to utilize every single coin of the loan amount given for the better benefit of my business. I will also create an account for that particular stock to monitor the progress and collection of that sack of shoes that I will have bought using the loan amount. I will make sure every cent is put in use from that amount disbursed to me being the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.00

Date disbursed

Sep 5, 2013

Repayment status

On Time

Projected term

26 months

Lenders

E

Errol

Bradenton, FL, United States

investor

Candiac, Canada

T

ToddK

Indianapolis, IN, USA, United States

B

Bavarian

Bavaria, Germany

J

jasonbronowitz

Tempe, United States

F

florian

Mettmenstetten, Switzerland

Landei

Sandersdorf-Brehna, Germany

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  • Landei    Aug 15, 2014

    Hello Frederick, how are you? I appreciate your efforts, and I hope your business is going well. It seems rescheduling last year was helpful.

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  • Fredrick Ashikah    Oct 25, 2013

    The month of October has been very tough to me in my collection. I spend a lot of money in adding my stock and I haven`t collected that much to remit this month, but am 100% sure the coming moth I will pay my installment without fail. Kindly I apologies for the inconvenience that i have caused for the delay of my payment. I promise to commit myself fully towards the repayment of my loan.

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