Maize flour for my grocery shop

Richard Momanyi

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Richard Momanyi

Member since

June 2017

On-time repayments

117 installments  •  75%

About Me

My name is Richard Momanyi. I was born in Kisii county which is in the western part of Kenya. The main occupation there is farming and my parents are small scale farmers. I grew up helping them in the farm and we also used to keep some domestic animals like cows and goats.

I am married and looking forward to starting a family with of two children.

My Business

I do business in the coastal town of Mombasa city where I sell household items in a small shop. I sell items such as cooking oil, maize and wheat flour, sugar etc. I serve people who live in my neighborhood.

I make around $100 per month but I am hoping to increase this amount as I keep expanding the business. This amount will inch upwards due to continued support I am getting from Zidisha.

Loan Proposal

I will use the entire amount to buy 2 dozen - 2kgs packets of maize flour which is currently in high demand at the moment. I am finding it hard to cope with this demand and I have to keep replenishing my stock which is time consuming and not very profitable.

Buying this large stock will enable me to serve my clients efficiently.

Thanks.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$27.23

Date disbursed

Jul 12, 2017

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $1.20

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

Tyler Metcalf

Utah, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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