Francis

Kiptangwanyi, Kenya

19% repaid

Entrepreneur

Name

Francis

Member since

September 2012

On-time repayments

11 installments  •  0%

About Me

I live in tee along kiptangwanyi -tangi tano road in Kenya,plot number20,married with a family of 3 childrens, am a blacksmith, i used the loaned money to boost my business and open it to a large business facility in which now its providing well, and also to improve our living standard of my family. I went to school and due to financial problems i reached up to class eight in Meli primary school and then started to sell charcoal to support my family and I. and after some years later i started as a small scale smith till now that my business is growing well. I earned at least ksh 5000, a day.

My Business

MY BUSINESS IS BLACKSMITHING
My business as a Blacksmith is located in tee along kiptangwanyi -tangi tano road,which i started in 2010 from a small business to a current growing business, in which i have opened another branch of it due to the growing demands. My customers do prefer my services which i ensure they are well served and atleast its affordable fee to most client who are unable to afford big. i have employed atleast 4 employees who i pay on good work they provide thus motivating them. The risk facing the business is poor road during the rainy season which hinders the transportation of my product, My typical monthly cost is khs 50000, sale revenue is around ksh 30000 and profit is above 15000 but I am planning to earning more.

Loan Proposal

I will use the money given zidisha to expand my business because there is high demand of the product but due to lack of money that hinder my goal,becouse my goal is to open another branch to the trading center such as Munanda, Kanorero, and Kiambogo where i will employee at least ten more men.Also the material for making the product i will able to purchase more because many in the area are reliable on the product such as jiko to cook.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$478.00

Date disbursed

Dec 3, 2012

Repayment status

Late

Projected term

12 months

Lenders

C

chkuo

Taipei, Taiwan

davelowe100

Perryville, United States

MichaelDean

San Jose, United States

T

thejacobnorton

Jubail, Saudi Arabia

russell

leicester, United Kingdom

MajesticLight

Harrisonburg, United States

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