I wish to scale up my broom business

Festus

Kwa Muki, Mazeras, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Festus

Member since

October 2013

On-time repayments

55 installments • 58%

About Me

I have always had a passion for teaching since my early days. Immediately after completing my high school at Darajani Secondary School in 2004 i wanted to join a teachers' college. That did not happen but i chose to start teaching in local primary schools as untrained teacher. Later, I moved to Mazeras town where I have taught since 2008 up to date. Currently, am enrolled at a college where I will soon complete my teaching course. Due to low-pay, I engage in less time-intensive businesses to supplement my monthly income. My business is that of selling coconut-sticks-brooms to retail shops in my area and in my upcountry hometown. I have a dedicated team of suppliers from the rural interior areas of Kilifi county that buy the brooms from different homesteads until they gather enough quantities to sell to me. On good months, I sell up to 1200 pieces of brooms and realize a profit of $300. I love my business.

My Business

My business is that of selling coconut-sticks-brooms to retail shops in my area and in my upcountry hometown. I have a dedicated team of suppliers from the rural interior areas of Kilifi county that buy the brooms from different homesteads until they gather enough quantities to sell to me. Coconut leaves are harvested from mature coconut trees,coconut leaves are dried in the sun and then sticks are peeled from the leaves. The resulting sticks are tied together with a tough rubber band to make a broom.On good months i sell up to 1200 pieces of brooms and realize a profit of $300. I love my business.

Loan Proposal

I wish to scale up my broom business ($100) by doubling my purchase quantities to profit on low buying price when getting brooms in bulk. Hopefully, I will expand into new markets as I will be able to supply timely to my new customers. There is higher demand for coconut sticks brooms in upcountry towns as coconut trees (source of brooms' raw materials) only grow in coastal areas due to presence of warm climate.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jan 26, 2014

Repayment status

On Time

Projected term

3 weeks

Other loans

Feb 2014: $50

Apr 2014: $150

Lenders

Zidisha

Sterling, United States

joaoferraz

RINCHOA, Portugal

dajja

Stockholm, Sweden

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Festus Dec 9, 2014

I was facing several challenge's in my business,but I thank God,all is under control,my business is now moving well and everything will be okay from now and forward.thank you

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Jeremiah Dec 5, 2014

I today at 10:45 am called Festus, he was unavailable. i was able to contact Samuel Munyao his neighbor who told me that festus was facing some financial p difficulties,he promised to talk to festus about his repayments and update me about the same

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- Festus Dec 9, 2014
  
  Thanks vm maina ,I got information and I have already paid my loan
  
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Jeremiah Aug 12, 2014

I today at 9:40am spoke to Festus, He says that he had some problems with his phone so he was unable to to transact with m-pesa.he has now resolved the problem and has promised to repay soon.
Thanks.

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Jeremiah Apr 25, 2014

Hi Festus,
You seems to be progressing well in your business, your repayment is encouraging.Wish you luck in what your doing

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- Festus Jul 1, 2014
  
  thankyou bro all will be undercontrol
  
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Vincent Mar 28, 2014

Dear lenders and Zidisha Management,
I have shortly spoken to Mr. Festus and the response was he forgot to make his loan repayment as he has been used to get a remainder, so this time he did not receive a remainder. He has agreed that he will make his repayment loan today evening as the possibility is allowing him. I will update once he confirms to me at the end of the day today or tomorrow.
Regards
Vincent – VM Kenya

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Vincent Mar 16, 2014

Dear lenders and the Zidisha team have spoken to Mr. Festus and he has confirmed to me that he will make a loan repayment today of KEs 740 or more at around 7Pm today. He has apologized that he forgot to make his loan repayment yesterday. Wish him also all the best.

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Vincent Feb 11, 2014

Festus am happy that you are hardworking to make your coconut-sticks-brooms business to expand. Could you please take your time and update Zidisha community and also your lenders on the progress you make to your first loan received.

Thanks and your faithfully,

Vincent - VM Kenya

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Festus Jan 26, 2014

When business is booming, we get to work extra hard! Immediately after class time, I come to meet my broom suppliers to purchase the week's product. I timely need this loan to scale up my stock if am to succeed in this business.

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- Festus Apr 12, 2014
  
  Thankyou lenders for your support and trust you've shown to me,i promise to be with you hand n hand through repayment period. thanks lenders,be blessed
  
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- Festus Apr 12, 2014
  
  Thankyou lenders for your support and trust you've shown to me,i promise to be with you hand n hand through repayment period. thanks lenders,be blessed
  
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