Lawrence

Githurai Progressive, Kenya

100% repaid

Entrepreneur

Name

Lawrence

Member since

July 2013

On-time repayments

27 installments  •  59%

About Me

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.

My Business

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.

Loan Proposal

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.

Feedback

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Loan Info

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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  • Lawrence    Nov 17, 2014

    Thanks lenders for funding my loan am looking forward to growing my business.

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  • Lawrence    Apr 22, 2014

    Thanks zidisha for your support,i paid my loan instalments on sunday 21st April 2014 (1980 kshs)it has not reflected yet on my loan account.

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  • Lawrence    Aug 19, 2013

    Thanks so much lenders for your loan I will use the money to expand my business to ensure that i provide employment to other needy youths so as to improve their living standards.

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