Name
Nassib
Member since
April 2013
On-time repayments
32 installments • 6%
am the first born in a family of seven having completed form four level of study the year 2012.i joined chumani secondary school the year 2009 having completed my primary level the preceding year in chumani primary.am now the dependable man in our family as my dad died long in the year 2000.i just operate a small shop which don't have enough stock due to lack of capital.i stated the business to be able to maintain our family to relieve the load from m,y mum who was the care taker of our family since the death of our dad.the earnings from the business are used to buy food for the family pay for school fees of my sister who is in high school and also improve on the stocking. my sisiter now intends to join college am very glad to be the one through zidisha loans to make her how she is
i started my business the year 2010 February after completing my O level study of education. In the business i mainly deal with vegetables although i usually mix with other products which are in demand at the area like flour both maize and wheat.thee demand of these products is due to the residential premises which are surrounding the area.due to solely existence of the business most people prefer buying from my premises ,also the proper and friendly way that i deal with my customers makes them like my services hence buy from me.the business is that profitable because of the high demand of the products hence increasing the sales.the risks from the business is when the products expire since i deal with products which expires easily. the monthly income is kes 25000 expenses is kes12000 and profit is kes 13000. i have now introduced a retail shop and employed two more boys to help me
i will use 80% 0f the requested amount to improve on my stock, this is to purchase the products which are highly on demand and i don't stock that at the moment.secondly, i will use 10% of the given amount to rent an additional premises to be used as store to my stock which is not readily to be sold.the remaining 10% will be used on transportation charges of the stock purchased as am not near the wholesalers hence i have to pay for the delivery expenses.
Positive
1
Neutral
1
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jun 2, 2013
Repayment status
On Time
Projected term
9 months
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