Loan for restocking my retail towel business

John

Kahawa West, Kenya

100% repaid

Entrepreneur

Name

John

Member since

November 2014

On-time repayments

298 installments  •  90%

About Me

I reside in Nairobi, Kenya. I run a small, informal business which provides me with an income to cater for my family's day to day needs. I got into business when I was laid of from work. Sourcing for capital was a major problem especially for 'small' people like me i.e in terms of ability to source for securities for loans. Luckily, Zidisha Inc came along and it has been a major help. It has continually assisted me with money to boost my business. Many thanks to Zidisha and my kind lenders.
Of late, I have entered into environmental conservation by planting tree seedlings and giving them out or selling to community groups for planting and conducting public education on the need for it. This I do during my free time.

My Business

My business is located at Kahawa Estate, Nairobi, which is a large residential and business estate. I sell domestic towels namely- face, kitchen, dish clothes, for saloon, bathing and for general purpose. I choose this kind of business since the many people around me will be in need of the kind of products that I sell. I have a small stall from where I display and sell my ware(s) from. This is usually in the afternoons when people are going back to their houses or moving from their business/work. In the mornings, I usually deliver supplies to my customers or display/hawk my stuff in areas outside my locality. Since I display my wares in the open, I only do so for a small part of the stock. I buy enough that I know I will manage to dispose off in the shortest time possible to avoid dust/dirt. The past three months have been rather low in sales as circulation of money has been limited as it has been a dry season. Short rains have started and Kenya being an agricultural country, money generally follows the rains. We are also getting into the holiday season and demand for my products will rise hence sales will be high.
Through my business, I have managed to pay for the upkeep of my family and meet my/our daily financial needs. I have also managed get some capital to venture into tree planting, which is a worthwhile activity towards environmental conservation.
Zidisha has generously assisted me, and I have managed to expand my business and reach more customers.

Loan Proposal

I need to buy the following towels:

Face 8000 KES
kitchen 5000 KES
hand 9800 KES
bathing 9000 KES
saloon 6200 KES
Total 38000 KES

I need 35504 KES. I will use my savings and dispose of some property to get the remainder. I believe with this amount, I will be able to restock my business and meet my family's needs such as food, schooling and housing, through the profits that I will make by selling the wares . Thank you very much for your assistance.

Feedback

6

None

None

  • BernadetteV    Mar 21, 2021

    I appreciate, John, that you are making repayments of your loan. All the best to you

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  • BernadetteV    Nov 5, 2018

    John is serious with repaying his loans and it’s always a pleasure to support him and his projects.
    Wishing him all the best.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$357.00

Date disbursed

Oct 21, 2015

Repayment status

On Time

Projected term

5 months

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

pvilliger

Zurich, Switzerland

S

sanfransec

San Francisco, CA, United States

N

Nino

Switzerland

Eugen Stamm

Zurich, Switzerland

Ask John a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Tandoh    Jan 29, 2024

    I used the funds to increase my business and it has also improve the living conditions of my family and my business

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  • Lilian    Apr 24, 2021

    Halo lenders, I didn't find John on phone but managed to talk to samwel who has promised to check on him

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  • Lilian    Mar 16, 2021

    I have spoken to john who says that due to his current situation he can not afford to pay the minimum amount required by zidisha .. I have advised him to pay the amount he is comfortable paying till things turn out well for him which he has promised to do so tonight.. thanks for your patience

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  • Lilian    Jan 29, 2021

    John's phone wasn't going through but I Managed to speak to zachary who has promised to check on him and help him reschedule payment

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  • John    Jan 13, 2021

    I may not be able to raise and repay the minimum installment set

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  • John    Dec 1, 2020

    Business has been down

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  • John    Oct 19, 2020

    My business is down

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  • John    Sep 12, 2020

    Business is down

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  • John    Jul 29, 2020

    I can't be able to pay; business is down

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  • John    Jun 18, 2020

    Business is very low

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  • John    May 18, 2020

    Business is down

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  • John    Apr 14, 2020

    The status of the business has not improved. It has been made worse by the pandemic

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  • John    Mar 14, 2020

    I need to continue paying the amount that I have been doing. I will raise the amount once business improves

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  • John    Feb 4, 2020

    The business is down

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  • John    Dec 24, 2019

    Low business

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  • John    Nov 20, 2019

    My business is down

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  • John    Oct 11, 2019

    Business has been down

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  • John    Sep 13, 2019

    Business is down

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  • John    Aug 2, 2019

    I have been unwell

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  • John    Jun 14, 2019

    I have been been sick on and off

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