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Benjamin

Nairobi City, Kawangware., Kenya

60% repaid

Entrepreneur

Name

Benjamin

Member since

April 2014

On-time repayments

61 installments  •  64%

About Me

My names are Benjamin Mulyanga born in 1971 Married to Agnes Mudibo and with four children's the first born Caren is in the university, the second born Phidel is in High school in form four, the third born Gillian is in High School in form one, and the fourth born Wallace is in primary School in class five, I live Nairobi in the slums of Kawangware, I am not employed. I went through Namahindi Primary School the Present Busia County, leading to Butula High School in Busia County and completed the Kenya certificate of secondary Education.I started business to help me provide basic needs to my children's and also pay their Education, From my earnings I buy food, clothing's and other bsic needs for my family. My hobbies are Listening to gospel music, Watching football and making new friends. I take this opportunity to thank zidisha for the good things they are doing to alleviate poverty in the world by lending affordable loans to people in the world.

My Business

I started business in the year 2010 after having working on contract at the Australian High Commission and after the contract was not renewed I used the money that I was paid to start my business. In my business I sell second hand cloths (mitumba) as they are called in Kenya, I buy at a cheaper price and sell slightly higher, There is demand for Mitumba because they are cheap and of good quality, and when I go to buy I also select the best which attracts my customers most. Most of my customers normally request what they want and I bring them exactly that, so they have remained with me all through and they also bring there friends. The only risk is that some take the cloths on credit and they dont pay on time. my monthly cost is like 500 dollars, sales revenue is like 8 dollars and profit is like 150 dollars per month. The loan that I will get will help me to Increase my stock and my profit will also Increase as well.

Loan Proposal

For this particular loan I intent to Increase my stock of Clothes and I will buy more latest ones to attract more customers to my stall, one bale of the clothes I want costs around 95 dollars so with 17,842/= I will be able to buy two bales and with the existing stock that I have I will be able to be earning a profit of approximately 30 dollars a day and this will be enough for me to pay the loan, buy food for my family and also pay School fees.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$179.00

Date disbursed

Aug 25, 2015

Repayment status

Late

Projected term

8 months

Lenders

johnhudson

Washington, DC, United States

PG

Paul Graham

United States

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