Loan for my business for food retail (vegetables and fruits)

Peter

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Peter

Member since

January 2015

On-time repayments

218 installments  •  42%

About Me

I am very thankful for zidisha for approving my application to be a member. I am a young graduate with a business degree and i have been in business for about a year. I have been dealing with vegetables and fruits but on the way the business declined due minimal sources of capital which eventually led to its discloser. I am planning to to re-open it the coming month but the problem i am having per now is that the amount i do have cannot be sufficient for the start. Business is in me and i like it, reason being with business you can go far as compared to white collar jobs. I have tried and i have seen hoe fruitful business is if only you are organized and patient. The idea of business just developed in me just before i joined University and this is what compelled me to go for a business course. Apart from business i would like to continue with my studies to become a lecturer one time to guide the dying young people in terms of ideas.

My Business

As at per now I am not relaxed. So after my business collapsed i went a head and secured a job in a nearby private school where i earn a living from. I an also a freelancer but i write during odd hours like at night or during holidays. I am 100% sure that I am able to repay the loan when given to me. My main aim is to buy a monitor so that I will work better to raise more funds that will enable me employ a person who will be working for me in selling the fruits and veges. I want to employ and not to be employed in my life, better to be my own boss than to be headed and directed by another.
If i get the loan then my problems will be solved and i would like to increase my loan limit so that i can have more capital to put more ideas i have into action. This is a person who is self driven and result oriented in whichever situation i may be in. I an sure am eligible for the loan.Thank you.

Loan Proposal

I will not forget giving a hand of appreciation to the zidisha team for great help you have offered me. I wish One day I will become one of you so that I can do the same to those unable to raise few coins to start the run a simple business.
The first loan which you offered me went direct to start my business which i was dealing with vegetables and fruits and the second for buying learning materials. This one is for the improvement of the business and also upgrading it to the required standards. Am not just looking at the retail business but becoming a supplier in future. The issue is just limited funds I would have gone far but business starts from scratch and I must perfect the start.

The amount is to add stock which will take almost 50%. The remaining will take care of miscellaneous expenses. Business is efficient if you have set aside money for the uncertainties and that is what I have learnt for the short period i have been in business. Truly the amount I have been receiving from zidisha has been of great help to me. I will keep on asking the team to assist We have nowhere to run to since banks are charging much with their strict terms which as young people we can't afford.
Look forward to have good response from you soon. Happy and prosperous New Year, Thank you in advance.
Yours
Akuma Mogaka Peter

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Loan Info

Project Type

Classic Loan

Disbursed amount

$136.00

Date disbursed

Jan 2, 2016

Repayment status

On Time

Projected term

20 months

Lenders

G

guggl

Vienna, Austria

R

roozbeh

United States

M

Manley

Windermere, United States

K

Kristiina

All Countries

W

Wade

United States

EF

Eddie Flores

NYC, United States

BS

Brad Syverson

United States

D

Didem

United States

Australia

Jason Ormand

New York City, United States

A

Andrei

United States

MW

Mark Walmsley

Canberra, Australia

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