Loan to boost my stock : kitchen, bathing towels

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 a loan to boost my stock. As a hawker, I take my wares to the consumers. I usually do this in my area of business and it's environs. But I have discovered that there is a large market in areas beyond this. I need to be taking my stuff for a day or two per week in far off towns. I therefore need a larger stock as it will be cheaper in terms of transport and accommodation. Currently, my net income is roughly KSh 500 (USD 6) daily which is spent almost fully on food, accommodation and other expenses for my family. I need extra cash to carter for a bigger stock. It will roughly cost me an extra KSh 11 000 (USD 120). I can raise roughly USD 20 and I will greatly appreciate if you could assist me to raise the rest (USD 100). Thank you for your help; I am sure I will manage to pay back the loan.

Feedback

6

None

None

  • BernadetteV    Mar 21, 2021

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

    Log in to reply • Share
  • 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.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Dec 1, 2014

Repayment status

On Time

Projected term

2 months

Lenders

KyRoamer

Louisville, Kentucky, United States

U

USDescartes

Columbus, OH, United States

neocodesoftware

vancouver, Canada

Evan Lamos

Brussels, Belgium

T

thebonseung

Republic of Korea

Paul Buchheit

Mountain View, United States

S

SaraNT

United States

A

AmyLuYenYin

Brisbane, Australia

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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Summary

Amount repaid

$103.43

Amount remaining

$0.00

Date repaid

Feb 15, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Dec 14, 2014 $10.34 Dec 12, 2014 $10.34
Dec 21, 2014 $10.34 Dec 19, 2014 $10.34
Dec 28, 2014 $10.34 Dec 28, 2014 $10.34
Jan 4, 2015 $10.34 Jan 3, 2015 $10.34
Jan 11, 2015 $10.34 Jan 10, 2015 $10.34
Jan 18, 2015 $10.34 Jan 17, 2015 $10.34
Jan 25, 2015 $10.34 Jan 24, 2015 $10.34
Feb 1, 2015 $10.34 Feb 1, 2015 $10.34
Feb 8, 2015 $10.34 Feb 8, 2015 $10.34
Feb 15, 2015 $10.36 Feb 15, 2015 $10.36

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