Loan to buy office stationery to resell

Samuel

Mombasa, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Samuel

Member since

January 2015

On-time repayments

40 installments • 43%

About Me

My name is Samuel Muoka Ndili. I was born in Kitui county 48 years ago. Kitui lies on a semi arid region of Kenya where like other such areas, there is very little infrastructural development. I grew up in this environment where paved roads, tap water and electricity were unheard of. I got my primary and secondary education there and then moved to Mombasa to join Mombasa Polytechnic for a course in Accounting.

After passing my exams, I secured a job as an accountant at a small auto spares shop. The pay was not good and I quit after working for two years. I then opened butchery but the business went under after one year due to unfair competition and my inexperience. Through help from friends I stated a supplies business and that is what I am doing till now.

I am married with 3 children.

My Business

I supply stationery to offices, schools and other institutions. The items I supply range from pens, photocopy paper, notepads etc. I normally buy them from big suppliers and retail them at a profit. Due the long period that I have been in this business, I have built a good client base and it is this pool of customers that ensures that I have a steady flow of business.

I make an average profit of $400 per month and it is this money that supports my family. I hope to expand my business in future and serve a wider region since there is demand for these items in other towns as well.

Loan Proposal

If given this loan, I will spend it to buy 2 dozens of photocopy paper. This is a fast moving item I am hoping to make a profit of $20 from the sales. Thank you and I will share my success story with you when it happens.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 21, 2015

Repayment status

On Time

Projected term

4 months

Other loans

May 2015: $94

Lenders

DeanDropshot

Oslo, Norway

Ahadi

France

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David Jan 5, 2018

Samuel promised to start paying as from next month

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David Oct 6, 2017

Samuel said he will start repaying his loan next month.

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David Jul 13, 2017

Samuel says that he will clear this loan very soon.

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Samuel Jun 15, 2015

Thank you my lender and Zidisha as a whole. I got the money last week and I am glad that I am reaping the benefits of being a member of Zidisha family. The cash will go a long way in strengthening my supplies business.

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Samuel May 26, 2015

Thank you lenders for having trusted me with your money.

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Samuel Apr 3, 2015

To my esteemed lenders, I am glad you financed my fledgling business and I can now see the benefits of the cash injection. I was able to supply my clients on time and this increased the confidence they have in me. I am hoping to get more funding from you in future so that I do even bigger things. Thank you for your support.

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Joel Jan 27, 2015

Hello Mr. Samuel; I would like to inform you that, the secret of growing well in this Zidisha family is through your on time repayment of you installments.
I wish you well in your all time endeavors in Zidisha.

Thank you all, Thank you Zidisha

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Samuel Jan 21, 2015

Thank you dear lenders for supporting my course. Darren Lee thanks for your assistance, unfortunately I read the message when the load had been fully funded.

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