Name
Lawrence
Member since
July 2013
On-time repayments
27 installments • 59%
I am 33 year old, married with two children. I hold a diploma in cooperative management from kabete technical training institute. Lack of employment being a problem and I being a victim I had to find a way to keep myself occupied and earn the income that will sustain me and my family. therefore, I started a second hand property business especially the household property. Having a young family I had a big challenge because I could not wait for formal employment to come to my rescue so after sometime I decided to put my college project on the move.
I have dealing with sofa sets and household tables which I get at a lower price I renovate them and sell them at a high price. Renovation makes the products look new. The products attract a profit of USD 15 per piece and this gives me a profit of about USD 40 a day in a bad day. This income has sustained me and my family but I would like to expand my business to increase my stock and even to venture into making new products. This will help me create employment to two more people because i have already employed 2 who work on repairs and renovations.
I will use the loan given to increased the stock and the range of the products I sell at my second hand shop. The shortage of finances have made it hard for me to expand and only to have a selected range of products. With this increased financing from zidisha I will even offer employment to other unemployed people. This will help solve the unemployment problem in the country.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Aug 19, 2013
Repayment status
On Time
Projected term
19 months
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