Increase my imports

Francis

Thika Town, Kenya

100% repaid

Entrepreneur

Name

Francis

Member since

December 2014

On-time repayments

112 installments  •  63%

About Me

I am a gentleman born in 1982. I completed my secondary education in the year 2002 and gained a grade of B plain i.e., 53% points. Later, I joined Strathmore University to pursue my accounting course and completed up to C.P.A. section 4 where I dropped out due to financial problems. Fortunately, I got employed in 2008 in a transport company called Benjo (k) Limited as an accountant. I am married and blessed with two children, one in 2012 and other one in 2016. From my little savings in my employment, with the help of my wife, I was able to start a motorcycle spare parts shop in a small 10x10 Ft squire metallic container in an estate called Makongeni in Thika town.

My Business

I started my business in the year 2012 with the help of my wife who runs it even today. I got the capital from my small savings of KShs 115,000 whereby I paid advance rent of 3 months of KShs 7,500, i.e., KShs 2,500 per month. I paid for my business license of KShs 5000. We were able to acquire a stock worth KShs 101,000 and paid transport (carriage inwards) of KShs 1,500. Despite the competition and economic inflation, our business has reported growth because the business is able to cater for our 50% of our needs and still be able to add more stock. Stock valuation done in November 2014 is worth KShs 148,000. This makes me proud for the next one year I see myself as a wholesaler, one year down the line as a big importer of the spares. It has been my dream in future to be a big successful businessman.

Loan Proposal

Hello Lenders, I thank God for the far He has brought us together, From previous loan, i have been able to bring spares without much struggle for i have been able to discover the best and convenient mode of transport. Having able to overcome that barrier, now from the next loan ill be able to increase my imports by probably 20%. Am looking forward for your financial support to achieve that and i promise to pay my loan in time as i have always been doing. God less you.

Show original English  

About Me

Am gentleman having completed my secondary education in the year 2002 and gained a grade of B plain ie 53% points. Later i joined Strathmore universty to pursue my accounting course and completed up to C.P.A section 4 where i dropped out due to financial problems. Fortunately i got employed in 2008 in a transport company called Benjo (k) Limited as an accountant. Am married and blessed with two children, one in 2012 and other one in 2016. From my little savings in my employment, with the help of my wife, i was able to start a motorcycle spare parts selling shop in a small 10*10 Ft squire metallic container in an estate called Makongeni in Thika town.

My Business

I started my business in the year 2012 with the help of my wife who runs it even today. I got the capital from my small savings of kshs 115,000 whereby i paid advance rent of 3 months of kshs 7,500 i.e kshs 2,500 per month. I payed business license of kshs 5000. We were able to acquire a stock worth kshs 101,000 and payed transport (carriage inwards) of kshs 1,500 . Despite the competition and economic inflation, our business has reported growth because the business can be able to cater for our 70% of our needs and still able to add more stock. Currently stock valuation done in June 2017is worth kshs 201,000. This make me proud for the next one year i see myself as a wholesaler, one year down the line as a big importer of the spares. It has been my dream in future to be a big successful businessman . This year i successfully introduced new financial services business called M-pesa.

Loan Proposal

Hello Lenders, I thank God for the far He has brought us together, From previous loan, i have been able to bring spares without much struggle for i have been able to discover the best and convenient mode of transport. Having able to overcome that barrier, now from the next loan ill be able to increase my imports by probably 20%. Am looking forward for your financial support to achieve that and i promise to pay my loan in time as i have always been doing. God less you.

Feedback

3

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$181.00

Date disbursed

Nov 6, 2016

Repayment status

On Time

Projected term

2 months

Lenders

S

stroll

Stockholm, Sweden

ErikN

Stockholm, Sweden

johnandmoliehi

Canton, New York, United States

Y

Yasha

Beer Sheva, Israel

kuebel

Vienna, Austria

Krtecek

Balzers, Liechtenstein

KirstenShute

Montreal, Canada

tasos

hove, United Kingdom

S

SlyDoh

Tomball, Tx, United States

Andreas1974

Fristad, Sweden

AdvancingCompassion

San Diego, United States

Namaste250

Pittsford, United States

mraph

Virginia, United States

P

PetrusR

balmoral, Australia

W

willemsenphilippe

Edegem, Belgium

EstanislaoCruz

Ewa Beach, United States

A

Andrii

Kiev, Ukraine

H

HobbyCollector

Beach City, United States

L

Lolababalola

Ames, United States

M

misaheat

United States

Paul Buchheit

Mountain View, United States

G

gerard

Netherlands

P

plhughes

United States

T

Tim47

United States

P

PepsiMax

United Kingdom

Kyle Hoback

Omaha, United States

KM

KHS Microfinance

Tampa, United States

M

Marcus86257

United States

ExplorerOz

Sydney, Australia

H

Hakon

Drammen, Norway

JA

Jared Anthony

CT, United States

Bank of Sofie

Drammen, Norway

E

erica

antwerpen, Belgium

Tanner Schachtel

Victoria, Canada

Thomas

Mueller, Germany

HN

Hai Nguyen

Switzerland

Kevin

San Francisco, United States

Mouhamed

United States

MH

Matt Harris

United States

Paul

Seattle, United States

C

cota

United States

JD

Jeff DePree

United States

Oliver Hasenberg

Iserlohn, Germany

George

Corvallis, Oregon, United States

CNV

United States

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Framework Eyewear

Utrecht, Netherlands

B

Brent

United States

DC

Dan Crosby

United States

Martin Nielsen

Aarhus, Denmark

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Kenny

San Diego, United States

Paul Buchheit

Mountain View, United States

Ask Francis a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Francis    Sep 14, 2022

    Thank family for funding..God bless you all. I will immediately go for new stock once I receive the money.

    Log in to reply • Share
  • Francis    Dec 21, 2018

    Hello lenders, from previous loan, i was able to increase my sales from 80dollas per week to 100dollars per week hence enabling me to increase my profit from 30dollas to 40dollas per week. If funded, am planning to start a new business of selling second hand clothes which i expect to do very well in my shop. Thanks in advance.

    Log in to reply • Share
  • Chepkoech    Nov 27, 2018

    Still Murigi requests for more time for his loan servicing.

    Log in to reply • Share
  • Chepkoech    Oct 27, 2018

    I have called Francis and had a length talk about his business and the benefits of being a faithful Zidisha borrower.He has pledged to send his loan the coming week.Thanks

    Log in to reply • Share
  • Francis    Sep 20, 2018

    Thank you lenders for your immediate response to fund me immediately, God bless you.

    Log in to reply • Share
  • Camm    Aug 27, 2018

    Wish you all there best for your business

    Log in to reply • Share
  • Francis    Feb 28, 2018

    Still pressing on with my business, waiting for my tenth loan to be funded.

    Log in to reply • Share
  • Francis    Jan 29, 2018

    Increased my profit from 90dollas to 150dollas

    Log in to reply • Share
  • Francis    Jan 27, 2018

    from previous loan , i was able to overcome the challenge of customers with huge money transactions hence increased my profits from 90dollas to 150dollas which is higher than 12dollas which i targeted and enabled me to clear my loan before due time.

    Log in to reply • Share
  • Francis    Nov 13, 2017

    Thank you lenders for funding me in time, I'll directly deposit the whole loan to the float for the business to run smoothly hence boosting my profits and also meeting my customers demands. God bless you.

    Log in to reply • Share
  • Francis    Nov 7, 2017

    Hello lenders, first is to thank you for trust and hope you have in me. I'll use the all funds to load on my float in order to enhance proper service to customers with huge financial transactions. God bless you mightly.

    Log in to reply • Share
  • Francis    Oct 22, 2017

    I myself in my new business after painting

    Log in to reply • Share
  • Francis    Oct 20, 2017

    Hello lenders, so far so good. Am already in business enjoy a good first month profit. Am looking forward for more funds to overcome low float challenges. Thank you and God bless you.

    Log in to reply • Share
  • Francis    Aug 3, 2017

    Hello lenders, thank you for funding in time, am now in my in process of acquiring the phone and line of financial transactions.

    Log in to reply • Share
  • Francis    Jul 30, 2017

    The loan will enable me to buy the new line and mobile phone to be used in financial transactions, the phone cost is 25 dollars and line is 100 dollars. This total to 125 dollars and the balance of 126 dollars will be used as float cash for running of the cash flow. Thank you for your quick funding of my loan, God bless you.

    Log in to reply • Share
  • Francis    Jul 24, 2017

    Hello lenders, mine is to humbly thank you for your continued support. From previous loan i was able to develope my business and increased my stock though there much competition. Am now planning to introduce finanacial services to my business called M-pesa. This will boost my profits. God bless you.

    Log in to reply • Share
  • Francis    Jul 11, 2017

    Mine is to thank you, am back from Uganda for my trip to purchase the spares, so far so good, God bless you.

    Log in to reply • Share
  • Francis    Jun 15, 2017

    Hello lenders, i received my loan in time and its only two days after my trip to Uganda for my spares, so far so good, God bless you.

    Log in to reply • Share
  • Francis    May 10, 2017

    thank you lenders for funding in time. Immediately I receive the money, I will plan my trip. This will enable me buy more spares than before per trip, i.e previous I have been buying spares worth 300 dollars. Now am planning to buy spares worth 500 dollars and since I have been travelling twice per month, now I'll be travelling once per month hence reducing carriage inwards cost. God bless you lenders.

    Log in to reply • Share
  • Francis    May 1, 2017

    Hello lenders, mine is just to thank you for your continued financial support. Am looking forward for your positive response for my loan funding to enable me to plan my trip quickly to purchase the spares, thanks in advance,.

    Log in to reply • Share


Loading...

Loading...

Loading...