Loan to help me restock my business and pay school fees

Bernard Maina Kibete

Kitengela Town,, Kenya

4% repaid

Entrepreneur

Name

Bernard Maina Kibete

Member since

January 2016

On-time repayments

132 installments  •  48%

About Me

Hello zidisha, I have heard alot about zidisha and how amazing it is. My names are Bernard Kibete, I am married and blessed with a baby girl. I was born raised and educated in Muranga county in kiharu division. After highschool I joined College in the city of nairobi where I graduated with a diploma in electrical engineering.
I got employed in an electrical firm where I worked for two years, in 2007 I quit employment to persue my passion in business.
I started small, selling electrical applliences from a make shift platform on the roadside, then I was determined to open a shop within a year.I planned well and in a years time, I was able to achieve my objective. My shop is located in kitengela town in a busy street. My hobbies are jogging, going to gym and part time actor in the local commedy programmes. I love people and making friends.

My Business

My business mainly deals with electricals and electronics for sale.I buy goods from wholesale stores and retail them to my clients.This involves, bulbs, solar panels, solar bulbs,electrical cables, lamp holders, and general electrical appliances.The cost of bulbs range from $5 to$10, solar panels from $50 to $150 and expect a profit of between 50% to 75%. Being an urban centre, there is high demand for my products and can do replacements once or twice a week.My profits goes to basic need, home keeping and Rent paying and school fees.

Loan Proposal

Hello dear lenders, I thank you so much for your continued support. I still require your assistance to raise another loan of $450. I will use $150 to pay school fess for my daughter, the rest of $300 will go to buying stocks for my business. $100 will buy extension cables, $200 will buy 4 tv sets of about $50 each. I project my business to grow by 30%. I thank you in advance and look forward for a positive response.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$444.00

Date disbursed

Jun 9, 2018

Repayment status

Late

Projected term

10 months

Lenders

Cloudways

Malta, Malta

ads68

Melbourne, Australia

Treesforpeople

Oxfordshire, United Kingdom

Emma

Australia

Paul Buchheit

Mountain View, United States

Adrian

Liverpool, United Kingdom

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