I will use the loan to purchase a 3 in 1 printer which has a scanner and a photocopier

Abdulkarim

Nakuru County, Kenya

100% repaid

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Entrepreneur

Name

Abdulkarim

Member since

January 2014

On-time repayments

236 installments  •  71%

About Me

I am abdulkarim shaaban.i come from a humble family of 7 members.i am the second born.i reside in freehold estate in Nakuru county.i studied at Kabarak university located in Nakuru county.i attained second class honors in bachelor of commerce finance option.i have also studied certified public accounts and finished the whole course.i am now a certified accountant.i work as an accountant in transport logistics company in Mombasa county.my work entails recording expenses and income,filing returns to the Kenya revenue authority(KRA) and supervise other employees.from the 5years experience i have achieved in the transport business,i now plan to start my own with a small capital that God willing will achieve from this organisation.

My Business

My monthly salary from employment is ksh.40,000 which translate to almost $400 dollars per month.from the proceed i anticipate to get from the organization ,i intend to purchase a public service vehicle worth ksh.450,000 which translate to $4,500.the vehicle is commonly known in our country as tuktuk.it ferries commuters withing the town for some fee.If all goes well the tuktuk will be able to cover its expenses,be able to repay itself,and in the long run make enough profit to be able to purchase another one.some of the expenses that will arise from the operation of the tuktuk is salary for the driver,fuel,municipal license,insurance and mechanical repairs.the tuktuk will be able to generate a monthly income of ksh.30,000 and monthly cost of 10,000.I plan also to cheap part of my salary to boost the loan repayment to be able finish repaying in the earliest time possible.Looking forward for your consideration.

Loan Proposal

I intend to purchase the printer in short run since this is my first time application and my credit is low.The printer will help me in office work to print,scan,and photocopy.This will enhance my efficiency in printing invoices to customers,scanning documents and sending them via email and reduce the time i use to walk for a distance to photocopy my important documents.I intend to repay the loan as soon as possible to be able to acquire more loan because my long term objective is to enhance my business by buying a big photocopier machine to be used in a cyber cafe.

Looking forward for the assistance.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 4, 2014

Repayment status

On Time

Projected term

5 months

Other loans

Jun 2014:  $148

Jul 2015:  $264

Aug 2016:  $418

Jan 2017:  $626

Jun 2017:  $921

Lenders

AdamP

Sunnyvale, United States

SeeMeeFi

Ontario, Canada

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  • Abdulkarim    Nov 25, 2018

    Hallo team..
    I admit i have been late on my installments payment.there is a good reason to that.one of my transport vehicle bought by the help of your loan was involved in an accident and was destroyed beyond repair.this was a very big setback for my business.i have been struggling to get on my feet.it has took me those several months to finally stablize.i can now be able to make payments..
    REQUEST-kindly allow me to start making my payments as from december 8th and refrain from sending my details to debt collectors.kindly give me a feedback.
    Thank you

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  • Abdulkarim    Oct 14, 2017

    My business has been facing an economic downturn caused by the political instability recently in my country(kenya) for which a repeat election is to be held on 26th.Since the annullation of the previous presidential election business has not been doing so well.cashflow is very limited within the country.for that reason i wld like to reduce my loan instalments to be able to pay without failure.

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  • M

    Mary    Aug 19, 2017

    Hi Abdulkarim, I see you have fallen behind on your loan payments. Please contact [email protected] to adjust your payments to a smaller amount. Put your country name and reduce payments in the subject line. Lenders understand that business can be successful as well as have challenges. They would rather see very small payments rather than missed payments. Making small payments will keep your repayment rate in good standing for future loans. Regards, Mary

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  • Abdulkarim    Jun 30, 2017

    Hi lenders.i have received part of the loan disbursement(ksh.70,000).still awaiting the remaining balance.thank you

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  • Abdulkarim    Jun 29, 2017

    Hi lenders thank your for your support and help.the disbursement wil help me add more stock to my retail shop.the stocks will be bought in wholesale and traded in retail at a higher price thereby creating a small margin for the expansion of the business.thank you once again

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  • Abdulkarim    Jun 22, 2017

    Hallo lenders.am very greaful for the support you have been giving me till now.i started with a small logistic(public service) transport of one tuktuk then graduated and was able to add another tuktuk thanks to you guys.i have now expanded my business by creating a portfolio and indulging in a different line of business inorder to maximise on the economies of scale.the kind of business i have opened up is a retail shop that sells local basic commodities.the business will be runned by my wife inorder to save on the expenses of hiring and also to keep her busy.am looking forward for the next disbursement inorder to add stock in the retail shop.your support once again will be highly appreciated.attached below is a photo of the outside look of my shop.thanx and God bless you

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  • Abdulkarim    Feb 3, 2017

    Hi lenders am very greatful for receiving the loan.will update you on my progress.thanx alot once again

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  • Abdulkarim    Jan 20, 2017

    Am rilly greatful to the lenders for funding my loan.the disbursement will help my logistic company(tuktuk) enhance effiency by purchasing new tyres and re-enhancing /modifying customers seat making them confortable to the customers.thank you once again.

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  • Abdulkarim    Jan 14, 2017

    Hallo zidisha team.Am glad to say that ever since i started using the funds from this organisation my business has tremendously grew.The last loan i have completed repaying was my 4th time.I now wish to jump to the next bracket of loan disbursement to be able to improve on some areas in my logistic company(tuktuk) by purchasing new tyres and repainting the tuktuk to make them more attractive to customers.Am rilly happy i found this organisation and all my achievements is thanks to u lenders.

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    • RB

      Ruth Brown    Feb 19, 2017

      Glad to hear that the business is going well. You have good ideas for improvements. Wishing you continued success!

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  • Abdulkarim    Jan 6, 2017

    hi members jst taking this opportunity to appreciate the loan that was disbursed to me.it has rilly improved my business and am able to make my loan instalments on time.am looking forward to clear the loan so that i can access the next bracket of the loan.happy new year

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  • Abdulkarim    Aug 16, 2016

    Thank you a lot for your fund disbursement.I will use the fund to buy new spare parts(tyres,music system,tubes etc) to enhance my motor vehicle(tuktuk) operating capacity and boost its mobilty.

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  • Abdulkarim    Aug 11, 2016

    Hallo admin...this time round my loan application has taken time to be funded.what might be the problem?

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  • Abdulkarim    Aug 6, 2016

    that is my current investment.its called tuktuk in kenya.it serves as a taxi.it generates sh.1000 net after cost deduction.since i started receiving loan from zidisha i have managed to get 2 of these tuktuk.kindly help me access the next bunch of new loan application to enhance my business.it has so far employed 3 workers as drivers.hope to receive your disburssement soon.thank you

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  • Abdulkarim    Aug 4, 2016

    Hi lenders am very happy to have received your loan and glad to also have completed repaying it.the loan has really made me move 2 steps further from where i was and from the new application i am submitting i believe it will even take me more higher in achieving my goals.please consider my new application to make me achieve my goals and dreams.thank you in advance

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  • Abdulkarim    Aug 4, 2015

    i rily appreciate for the loan disbursed to me.i will use it to add up to the amount i had saved to buy a motorcycle.this way it will increase my net return and on the other hand create employement by employing a driver who will run it.thank you very much.

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  • Abdulkarim    Jul 25, 2015

    Hi am very greatful for the second loan disbursement i was given .My business is doing well which has made me repay the loan in time.I wish to expand my busniess and need more funding.Thank you very much

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  • SeeMeeFi    Jul 18, 2014

    I am glad that you have been able to increase your business! Best wishes to you in the future! God Bless!

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  • Leonardia    Jul 1, 2014

    Thanks for your repayment. How is business going?

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    • Abdulkarim    Aug 10, 2016

      its doing great leonardia...ihave been able to fully repay my loan.i have applied a new one.waiting for disbursement.

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  • SeeMeeFi    Apr 8, 2014

    Thank you for your consistent repayments, Abdulkarim. I'm glad your business is doing well. I wish you all the best!

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