Increase the stock of my household shop

Wilberforce Oyiengo

Kakamega, Kenya

100% repaid

Entrepreneur

Name

Wilberforce Oyiengo

Location

Kakamega, Kenya

On-time repayments

327 weekly installments  •  78%

About Me

Wilberforce Meki Oyiengo was born in 1976 and a resident of Rosterman. I went to Madende primary, Madende secondary and did my diploma in Architectural at Weco college of applied science and technology.
I am the first born in a family of six.
I started a small business of buying and selling second hand household goods since I was not able to acquire a Government job.
The business includes sale used household goods like Television sets, Refrigerators, Furniture, Microwaves, radios. clients find it affordable to purchase some of this good that they cannot afford to get them while new due to high prices. The business sustains my family being the only source of income.

My Business

I sell second hand house hold goods. This is after I realized many people prefer buying goods at a reduced price than going for a new one.
My source of income has been contributions from relatives, my own savings and borrowing loans from financial institutions like banks which charged high interests that posed a challenge to me.
I buy house hold goods from people who expose them cheaply to solve financial challenges elsware and in turn sell them to others, sometimes i may repair before selling them at fordable price. for example a used up 21`` television is bought at 8 dollars. Then I sell at 12 dollars, while a new is sold at 20 dollars. other goods sold at the same price earns good money.

Loan Proposal

When I get this loan,it will help me improve my project in the following ways;,buying of house hold items estimated at 100 dollars, paying of rent at 40 dollars.The rest will be used to pay my security man in additional to my little savings. This will then help expand my business by increasing the number house hold items in my shop. I call upon your help because this business is the only source of my Income and at time my wife helps me in running it and advertising it to her friends this increases the sales. I appreciate in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.07

Date disbursed

Apr 23, 2014

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Lender interest: $150.07 at 2.72% annual rate over 1 month = $0.39

Service fee: $150.07 at 5% annual rate over 1 month = $0.73

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

Lenders

E

Elisa

Espoo, Finland

T

tonilends

catalonia is not:, Spain

K

Katehar

Maple Valley, WA, United States

T

tjgiving

Oakland, United States

Sarasota

Sarasota, Fl, United States

G

Galbania

Toowoomba, Australia

M

merk85

United States

larry

Sweden

A

ajayhk

San Jose, United States

B

brookedy

United States

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