Fracis Kiiru

Dandora Phase 4, Kenya

Loan disbursed

$0 to go

100% lent of $500 goal

0

days left

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Entrepreneur

Name

Fracis Kiiru

Location

Dandora Phase 4, Kenya

On-time repayments

13 monthly installments  •  0%

About Me

I was born second in a family of five,by Mr/Mrs.Kiiru,in 1950 at Nakuru County.I went to school at Kiptogot D.E.B.Primary school in 1959 to 1962 Because my parent were working at the colonials farms,they were transferred to Nyandarwa where i proceeded with my eduation at Olmagogo primary school,from 1963 to 1966.I sat for the K.P.E.I did not proceed with my education for my parent could not manage.Since then i manage to be a member of Catholic church and be came a catechist 1975.I went to the ministry of land as sub staff till 2000 when i retire.Marred with eight children three boys and five girls.I love them all.

My Business

`I started my business in Nakuru County from 2001 when i retire from the ministry.My business was to buy maize from the farmers to the market .The a mount i got from the business,i decided pay for a visit to one of my friend here in Nairobi,with the intention of learning a business in the same area.The friend made his effort to make sure i have a rented shop in a good site.Since then i m working in the same site and the business is well managed to date.

Loan Proposal

If given the money i will go straight to my dealer to purchase more good to add to my stock.My shop had more customer because of the way i handle them.Also i will managed to purchase good which can not be expired easily and my customer are in need of.Example of the goods are:2 bags of sugar worth K.S.E.10,000.5 cartons of cooking fat worth,K.E.S.10,000.6 bags of rice worth,.K.E.S.10,000.8 bales of wheat flour worth.K.E.S.10,000.This will make me comfortable to repay the loan for it is the basic need to my customers as well.

Feedback

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Lenders

AWOL

USA,  United States

Loan Info

Disbursed amount

$498.46

Date disbursed

Oct 25, 2012

Repayment status

Late

Projected term

14 months

Cost of loan

Lender interest: $498.46 at 5.00% annual rate over 14 months = $30.88

Service fee: $498.46 at 5% annual rate over 14 months = $30.88

Upon joining Zidisha, Fracis paid a lifetime membership fee of $8.86.

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