Loan to increase stock for sale in christmas session

Daniel Mageta

Mbita Township, Kenya

72% repaid

Entrepreneur

Name

Daniel Mageta

Member since

April 2015

On-time repayments

123 installments  •  54%

About Me

My name is Daniel Onyango. l am 70 years of old with 12 children and 28 grandchildren. l am the first born in a family of 12 . l am from Kasgunga ward, Mbita Sub County, Kenya .

I grew up with six siblings (since 6 had died due to childhood diseases) and had to leave junior high school because both of my parents were poor and did not have any income to support my higher education. Life became difficult for me and my other siblings . l tried to find job so that l could take care of my self and siblings but l was unable to find a job . l remained unemployed, later, l decided to set up my own shop and my dream came to pass . l set this shop with the help from my friends. l established my own shop selling plate, plastic bowls , pan and so on . Owning my business has enabled me to earn a stable income of around KES 780 (U$10) a day, which has changed my life and help me to send my siblings and children to school. My dream was that because l did not complete high school and college ,l will help them to finish both high school and college.

My hobbies are reading books, swimming , dancing, and traveling.

My Business

I have set up my own small business shop.and l have been in a business for six years.
l sell plates, plastic bowls , pan and so on. I started this business 36 years ago, when both my parents died and I was left with my siblings and my children to take care of, life became difficult for me. No job and no money to support education of my siblings and own children. I have worked on this business and it has taken me through the crisis of life. I have a very good customers who always buy from me.

My business is profitable because I have so many customers so I sell more.I also have so many customers because my prices are normal. The risk of my business have been facing is lack of capital to expand my business and and take good care of my family and reinvest some of the profit into the business

I am going to invest all the loan in the business so that my profit and income will increase in order for me to continue to support my grandchildren (the ones who parents have died) to go to school . I make at least KES 780 (US$10) a day.
I will be paying the loan from the Profit I make .

Loan Proposal

I am seeking my 2nd loan of KES 24,306 to enable me buy more stock of household cooking and serving equipment which are in great demand in Mbita town at the moment due to good catch of fish. l am selling cooking pans, cooking pots, plastic bowls, plates, spoons and several household items. These are essential household items and the demand is quite high than what I have in stock which is denying me customers.

The profits from the business will be used to take good care of my family and 8 orphaned grandchildren. I will also take 20% of the profit to reinvest into the business. l want the lenders to give me a 2nd loan so that l will be able to keep up in business. l want to expand my business and add more plates, pan, spoons, bowls to my shop. l urge the lenders to fund me so that l expand the business to cater for my myself and family. Thank you Zidisha and all the lenders.

Feedback

2

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$436.47

Date disbursed

Jan 8, 2016

Repayment status

Late

Projected term

21 months

Cost to entrepreneur

Service fee: $18.12

Lenders

J

jeffb

United States

W

WilsonLending

Atlanta, United States

J

Jason

New Jersey, United States

C

Christian

Saarbruecken, Germany

mbunifu

San Jose, United States

eagle3

Grand Ledge, United States

cyrus0302

San Francisco, United States

AltruisticSelfishnes

Chicago, United States

S

SeeBiscuit

Reston, United States

COOPITALIST

Toronto, Canada

C

cgrumboski

Atlanta, United States

C

CanadianMom

Toronto, Canada

LadyofHats

Hamburg, Germany

ErikN

Stockholm, Sweden

T

tommy0579

Salt Lake City, UT, United States

F

FHult

Stockholm, Sweden

R

Roman

Barcelona, Spain

AnnaChristina

Pittsburgh, United States

M

mogensh

København V, Denmark

P

psimeon

Palo Alto, United States

andreas

St. Georgen / Gusen, Austria

B

blahblah

Nuernberg, Germany

B

briansedz

Canton, Ohio, United States

O

OneSummer

Muenster/Westphalia, Germany

C

chrisherron

Chicago, United States

H

hanso

Arendal, Norway

F

farwest

Alamo, United States

indeh

London, United Kingdom

Myrar

Aarau, Switzerland

Z

Zippo

Berlin, Germany

D

duckdork

De Forest, United States

E

ebronken

Oslo, Norway

D

danderson1953

Plainsboro, United States

D

davide

Vallentuna, Sweden

AdvancingCompassion

San Diego, United States

J

JoeSolar

Virginia, United States

A

artom

Karkola, Finland

mtnsailor

Harrisonburg, United States

ads68

Melbourne, Australia

rfriedenberg

New Jersey, United States

E

erogers

Vancouver, Canada

J

jerryq

Redding, United States

D

dannimw

Victoria BC, United Kingdom

sarna

Toronto, Canada

fairspirit

Utrecht, Netherlands

A

Andrew22

Hopewell PA, United States

Winona

Yakima, United States

JTShorty

Gorham, Maine, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

M

Marod

Edmonton, Canada

Travis

Canada

A

Andrii

Kiev, Ukraine

D

dpvidal

Eindhoven, Netherlands

W

wally

Torino, Italy

L

LenoMetus

Perth, Australia

D

Dutch_lender

Leiderdorp, Netherlands

J

jumpfunky

Dortmund, Germany

P

pvranas

Boulder, United States

J

jlberqie

Wake Forest, United States

K

Kristell

Middelburg, Netherlands

C

Clben7

Cincinnati, United States

pvilliger

Zurich, Switzerland

Shemuel

New Jersey, United States

C

chrishol

United States

D

Dan

United States

T

tlbtlbtlb

United States

J

Jonas

Linköping, Sweden

T

theironbank

United States

N

nlane

Vietnam

P

plhughes

United States

poorinvest

Sandefjord, Norway

A

ahgillett

United Kingdom

T

tiojoca

Portugal

K

Kber9156

North Parramatta, Australia

C

condo86

United States

mepster

San Francisco, Ca, United States

VK

Vasily Kudrin

Moscow, Russia

A

AaltvM

Netherlands

L

luckiestmonkey

United States

Mun

Orlando, FL, United States

Grant Xavier Storer

Seattle, Wa, United States

S

sarahb

United States

M

Medagan

San Franciso, United States

S

satheajay

United States

C

cocolo

United States

adrianz

United States

reluck

Marseille, France, France

Kyle Hoback

Jersey City, NJ, United States

A

andreab

United States

JP

James Parker

Sacramento, United States

KM

Kirsty M

United Kingdom

Eduardo

Sorocaba, Brazil

S Masler

Tennessee, U.S.A., United States

UD

Ulf D

Frankfurt am Main, Germany

Peter R

Fulda, Germany

M

Marco

Germany

Frank Termathe

Frankfurt Main, Germany

F

Falk

Germany

E

Erich

Zurich, Switzerland

S

Sebastian

Dortmund, Germany

M

Marcus86257

United States

M

mmartin

United States

Family Mueller

Petershagen, Germany

Torsten Schreiber

Frankfurt, Germany

Elias

Ulm, Germany

Jerome

Switzerland

DR

Derek R

Australia

MW

Matt Willis

United States

W

Wade

United States

Thomas

Basel, Switzerland

JD

Jo Dane

Melbourne, Australia

Dominik Wagner

Karlsruhe, Germany

PT

Pattie Thomas

United States

DN

Don Nichols

United States

G

GS

Germany

FJ

Fe Jones

United States

Elly

Woudrichem, United Kingdom

Jason Ogg

New Zealand

jtreyes

United States

H

Hakon

Drammen, Norway

JM

John Meserve

United States

BS

Bart Sturm

Amsterdam, Brazil

PR

peter reibold

United States

MA

Mary Art Hunt

United States

K

KJLake

United States

V

Vantine

United States

R

Ryan

United States

E

erica

antwerpen, Belgium

Max Lettenberger

Madison, WI, United States

JT

JW Tabacchi

United States

KL

Kevin Law

United States

Kevin

San Francisco, United States

RT

Rakesh Tondon

United States

M

Marc

Newcastle upon Tyne, United Kingdom

DB

Divya Bhat

United States

KD

Kent Don

United States

EB

Erica Brescia

United States

Jennifer Weber

Canandaigua, Ny, United States

J

Joris

Lithuania

Mouhamed

United States

Y

YP

Malaysia, Germany

MG

Meron Gribetz

United States

A

Anya

United States

MM

Marshall M

United States

KL

Ket Lin

United States

Paul

Seattle, United States

Cameron Graham

Nashville, TN, United States

JD

Jeff DePree

United States

DS

Donna Sbisa

United States

Oliver Hasenberg

Iserlohn, Germany

AE

Ashley Eyre

United States

N

Nikhil

United States

HPK

Switzerland, Switzerland

L

Laura

San Francisco, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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

Loading...

Loading...

Loading...