Loan for expansion of business

Samuel

Kakamega, Kenya

87% repaid

Entrepreneur

Name

Samuel

Member since

December 2016

On-time repayments

12 installments  •  58%

About Me

I am a young man 24 years of age and a graduate at masinde muliro university I started business of selling clothes to raise my fee now it has grown to a profit making business I also own a small cafeteria I am also a chicken farmer I own 100 chicken and sell 2 trays of eggs per day, I am in third year and I really have difficulties to raise my fee I also have other expenses such as house food which all require money

My Business

I make 500 shillings a day from the clothe business and 600 a day from egg business I plan to expand both business especially the chicken business due to the demand of eggs and chicken meat, I am very hard working but to make a living in this part of the continent and country you must have some capital to be successful in all that you do. the degree I have has not been of help so much due to high levels of unemployment that's why I need badly a loan ,the last loan I got wat sufficient but not enough but though I am great full ,I have hard very difficult in my early life with difficulty in raising fee for my education and I plan to continue with my business to help my younger siblings go to best schools not only them but change the entire Society by help many of the needy students. I also do farming where I use the little savings I get to hire a farm and plant tomatoes , cassava ,maize ,beans and sweet potatoes from this farming am able to make around 50 thousand Kenya shillings in a season that's a bout 4 months , this helps cater for my expenses such as house rent, medical services .we are three in our family and we all depend from the little that I make that's why I had to venture into this small business and farming , I had about this app zidisha from a very close friend of mine he had been living in a poor life but suddenly changed. I asked him a bout the secret behind his success and he told me he had successfully obtained a loan from zidisha of about 50,000 and he used it to invest.I would also be very great full to be part of this family because it changes lives greatly in every part of this country especially we the less unfortunate

Loan Proposal

I will buy more clothe bales where one bale goes for 500 shillings and then later resale the clothes in them in the market price of about 50 to 100 shillings there by making a profit of 1500 thousand per bale

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Dec 18, 2016

Repayment status

Late

Projected term

5 weeks

Other loans

Lenders

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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