36 installments • 44%
My name is Willy. Am a kenyan living in nakuru county langalanga estate. Having been brought up modestly in eldoret i decided to shift to nakuru so that i could depend on my own effort so i decided to set up a business in Nakuru town at langalanga estate where i live.i operate a boutique and because it has grown i would like to set up a new shop in the town entre where most of my clients work.To theis end i would like to ask for a loan to top up my savings so that i can be able to set up that shop in town.This boutique.business has been able to sustain me and my family and would therefore like to set that shop to increase my and access new clients and increase my incime level.
Since i secured a business space some few days ago and paid a deposit for the shop that i am intending to set up a new shop in the town centre. My monthly sale as regards this boutique business is ksh.30000 and from this i get my rent and food and also i save a little for re-stocking of this boutique.I would no like to loose this space because i will allow me to access my current clients and my expected clients. I am expecting an increase in the number of new clients as this new location is ideal for this kind of business.The location is prime because i can also engage with new clients.The greatest risk here is political risk but this is manageable because the elections are over now and i dont expect any violence that can hinder my business's growth.I project that with that loan advance to me my investment will be increased and so is my living standard.I will be very greatful for the loan because it will help increase my financial stability for i will surely get that new shop running.
I wish to take this opportunity once again to thank zidisha microfinance. I am requesting for another loan from zidisha having invested the previous loan very successfully and realized the marvelous great improvement in my business. I have anticipated great returns and sales from the previous loan that I invested and this is evident from my continuous on-time repayment of my loans. I intend to use this second loan from zidisha to buy more stock in the fast moving areas of my business such as ladies outfits and children's wear. I also wish to buy a computer for the business to ease in keeping my stock records, creditors and debtors as well as my sales returns. This will enable me to know the goods that sell the most and those that are mostly demanded and keep stock of the same. I know that this loan is going to raise my business to a higher level since I will be able to acquire the items I do not have within my business and are equally important and I will also be able to double my efforts on the kind of stocks that generate more profits for my business. Once again,I wish to thank all my lenders and my fellow borrowers for remaining faithful in zidisha and I wish the entire zidisha team alot of success. Thank you.
Feb 3, 2014
Cost to entrepreneur
Lender interest: $483.35 at 4.37% annual rate over 7 months = $12.19
Service fee: $9.85