Loan for expansion of milk bar

Francis

Komarocks, Kenya

100% repaid

Entrepreneur

Name

Francis

Member since

June 2014

On-time repayments

10 installments  •  50%

About Me

am 23 years 12th born in the family,currently 1st year student at KCA UNIVERSITY doing ACCA.
the days am not attending school am at the milk bar i opened sometimes back and was continiung with it inorder to add up to my school fees.am happy it has helped me and i cant complain.
i stay with my brother as i have not been able to get to a point of paying for my rent but i know soon i will.
been the last born in the family ,my family was very happy to hear that i can have such an idea of having a bar.i used to sell electronics and mobile accessories but decided to change,all this in the name of finding more funds.

My Business

i opened a small milk bar in komarocks and thinking of expanding it.i got an idea of even stocking chicken meat and pig products like sausages as its doing ok so far.
i beleive in this because zidisha will listen to my cry and lend me the capital for the new addition,.
incase it fails,got some few items i can sell in order to repay the zidisha loan as i would not want to run away since its the best lending scheme so far which requires no security and helps a person with no capability of borrowing from the bank.

Loan Proposal

the loan will help me to buy a bigger deep freezer .this wil help reduce wastage of milk in case it doesnt finish in a day.and since am planning on adding more supply of milk sinc the demand is rising but at the moment i cant add to avoid it getting bad and incurring losses, it will help a lot,.in future am also planning on starting to make yoghurt and this will assist in its storage and increase my profits.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jul 2, 2014

Repayment status

On Time

Projected term

5 weeks

Other loans

Lenders

Brian

Midhurst, Canada

Sarasota

Sarasota, Fl, United States

B

bwitt

Berkeley, United States

dlpringle

Denver, United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

R

rhompa

United Kingdom

S

sarahb

United States

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Summary

Amount repaid

$152.66

Amount remaining

$0.01

Date repaid

Aug 12, 2014

Status

Fully repaid

Installment amount

$30.53

Next installment

Aug 9, 2014

Repayment History

Expected Payments Actual Payments
Jul 12, 2014 $30.53 Jul 12, 2014 $30.53
Jul 19, 2014 $30.53 Jul 19, 2014 $30.53
Jul 26, 2014 $30.53 Jul 26, 2014 $30.53
Aug 2, 2014 $30.53 Aug 2, 2014 $30.53
Aug 9, 2014 $30.53 Aug 9, 2014 $30.51

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