Name
Francis
Member since
October 2010
On-time repayments
128 installments • 18%
My name is francis Nganga mwangi, I am a Kenyan aged 43 years, I am married and working on semi-permanent basis at Mugaa secondary school .
I own a business where I supplement my earnings to cater for my family, from it I have been able to meet my family needs. To pay fees for my 1st daughter who is in the university and two daughters in the secondary school. And to do some farming.
My business operate at a capital margin of about Kshs 10000 where am able to buy 3-4 sheep from market and slaughter them in three days. The rate of consumption is high but my capital is not able to service it for a week. With a stock of ten sheep I will be able to enlarge my business to serve more customers thus making a higher profit.
I am now requesting zidisha to loan me 30,000 at an interest rate of 5%, grace period of 12 month, credit period of one year. With this loan I will be able to boost my business to serve more customers thus making a higher profit to be able to meet my family needs and repay the loan
it has been my wish to expand my butchery shop .I have been selling beef and mutton .Now i will buy my own sheep ,goat and cow and slaughter them on my own instead of buying ready made meat To assist in keeping the meat fresh i am going to buy a refrigarator My customers are botherinmg me they want me to be selling chicken so i will bring for them chicken and fish
Positive
4
Neutral
None
Negative
2
Project Type
Classic Loan
Disbursed amount
$779.00
Date disbursed
Jan 18, 2011
Repayment status
On Time
Projected term
23 months
Other loans
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