Justus

Kaptembwa, Kenya

100% repaid

Entrepreneur

Name

Justus

Member since

September 2013

On-time repayments

68 installments  •  24%

About Me

My names are JUSTUS MASONGO, am a business man ,I have a small shop ,this is where I use to get my daily bread. I have worked for two years now since I opened the shop,currently I was having the problem with my family, because I was not able to provide for there needs. but after I met a friend of mine who came and advise me on how to start my own business and be able to manage it myself without wondering whether i may fail or not. actually I took his advise and mediately I started prospering with it till know. Write know I have managed myself, but not to the fullest of my expectation, thats why I need to lend u something so that I can be able to expand my business. please kindly accept my request so that I can be able to expand my business. I have been going to this non governmental seminors where we have been taught on how we can be able to budget and save money without going to different places for assistance. Thank you.

My Business

My main source of income comes from grocery shop and barber shop. I earn a total monthly gross income of 20000 Kenya shillings from my barber shop, having employed someone to watch over my barber shop and ensure that everything is running smoothly when am not around and my employee takes homes a monthly salary of 6000 Kenya shillings, my barber shop also incur other running monthly expenses such as license, electricity, water and rent with amount to 4000 KSH.I also earn a total monthly gross income of 15000 Kenya shillings from my grocery shop, it also incur some other running monthly expenses ,i.e. electricity, license, rent, water which amounts to 5000 Kenya shillings. After doing all the deduction am left with a total of 20000 Kenya shillings from both businesses

Loan Proposal

I would like to take this opportunity to thank zidisha for activating my account and giving a chance to post my loan. I have been running my shop for the last two year and it’s has been growing since then, I plan to use a portion of the money to buy to 20 liters of kerosene which normally goes for Ksh 2000, I will retail the kerosine to my clients in small quantities as low as Kshs 5,. Many people in my community use firewood, charcoal and kerosene stoves to cook so I believe to this venture will increase my daily income. I would use the rest of the money to increase my stocks

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jan 18, 2014

Repayment status

On Time

Projected term

5 months

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