Name
Francis
Member since
September 2012
On-time repayments
11 installments • 0%
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 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.
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.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$478.00
Date disbursed
Dec 3, 2012
Repayment status
Late
Projected term
12 months
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