Entrepreneur
Name
Benard
Member since
February 2014
On-time repayments
9 installments • 100%
About Me
I am a guy who wants to be financially stable in three years from last year, so I have just two years to make my dreams and attain cash flow that will make it easier for me to prosper. I am an electrician by profession and a building contractor. I own 41% of Muna General Contractors & Suppliers ltd and fully owns supplies business called Machian General Suppliers which targets doing business with the State of Kenya.
I am married with two children
I am in construction and supplies. My company Muna General contractors and suppliers ltd has started to get some small projects. In construction there is always demand for hardware materials and thus my idea to open a medium hardware store.
I am grateful to my esteemed lenders for my first loan which has made great difference in my thinking about business. I has made me more responsible to my payment obligations and thus now feel ready to go the next step
My Business
After getting my first loan from zidisha I have attained greater cash-flow. I have participated in more and more tenders from the Government and it's institutions. Our Government has introduced measures to favor the youth and underprivileged to participate in business. I have made savings totaling to USD 2000 and in the view that I am in construction and supplies would like to open a medium hardware store in the neighborhood to sell building materials as well as a base store from which to honor my supply commitments.
I have made all calculations and need USD 3000 to be able to pay my Rent and have a respectable stock. Building materials like cement, plumbing material and assorted pipes are fast moving and expect to break even in about three months.
I have already identified the shop to rent and had a verbal agreement with the owner that I will occupy it at the start of July
Loan Proposal
My current income from my business is capable of comfortably paying my weekly payments thus will use the loan in launching an internet selling business dealing in books and data bundles. I am focused on steadily improving my income as well as saving no less than 10% of all income for future expansion and investment.
Thank you all and hope that my application will attract a financier
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Loan Info
Project Type
Classic Loan
Disbursed amount
$94.00
Date disbursed
Mar 12, 2014
Repayment status
On Time
Projected term
2 months
Lenders
Luxembourg, Luxembourg
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