Edward

Nairobi, Kenya

16% repaid

Entrepreneur

Name

Edward

Member since

January 2014

On-time repayments

125 installments  •  6%

About Me

My name is Edward Maloba, living and working in Nairobi as a Graphic Designer/ Desktop Publisher and i also double up as a computer technician, I hold a diploma in Information Technology. On the side i just started an aquarium and wall arts business as a hobby and a way to double up my income to enable me pursue education and also support my siblings.

My Business

my business involves aquarium and wall arts. i mainly support this business from the income i make from other small ventures but recently more and more customers are showing interest in my crafts and this has led me to seek funding in order to be able to buy materials. This business is profitable since alot of urban people are developing a liking to hand made, local house decorations. my biggest limitation is capital to enable me make more crafts. i have just started this business and the prospects are good since in a week i am able to clear a project mostly wall arts and make a sale and it also takes a shorter time to finish a project and put it on sale. since every form of art is unique in its own way i have so far not faced any serious competition but on the contrary i am getting more customers. i plan to pay back my loan from the profits i shall make from the sales and also other sources of my income e.g graphic design and my day time job.

Loan Proposal

materials for my aquarium and wall arts include wood, glass, fish, gravel, pebbles, corals, cloth and paper. it costs between 3000 and 10000 shillings to create a wall art or aquarium from scratch but the profit almost always doubles the capital invested if i make a good sale. with this money i intend to buy more materials in order to meet the demands of customers and also make good profits so that i can comfortably repay back the loan and hopefully apply for more.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Feb 10, 2014

Repayment status

Late

Projected term

30 months

Lenders

AWOL

USA, United States

EricDWalters

Rochester, Mn, Usa, United States

investor

Candiac, Canada

dsmart978

Bondurant, United States

B

Bavarian

Bavaria, Germany

rasmus

Bern, Switzerland

A

aiban

Austin, United States

mewesten

Waynesboro, United States

R

Rking

Eugene, United States

joaoferraz

RINCHOA, Portugal

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

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

Please log in to comment.

  • Edward    Dec 11, 2014

    i have been unable to meet my deadlines because my businesses went down and i am yet to recover. currently i have no business and i have to depend on other means to pay my instalments. kindly allow me to reduce my balance so that i can be in a position to clear my payments. once my business is back on track i am sure i shall be able to increase my instalments once more. zidisha is such a nice initiative and i would like to continue being part of the team.

    Log in to reply • Share
  • Edward    Aug 5, 2014

    my projects are picking up though not as better as i had anticipated but i am hopeful i shall be able to pick up as time goes on. my business has suffered setbacks over the past couple of months and it has not been easy raising the repayment loan however i have always striven to pay. it is my hope that i shall be able to clear the loan as soon as possible in order for me to get another loan to boost my business.

    Log in to reply • Share
  • Haroun    May 23, 2014

    Talked to Edward and promised to pay next week which will be end of may.

    Log in to reply • Share
  • Edward    May 12, 2014

    hello members, things have been abit tough for my business and as much as i have not picked up at least i am able to pay back this loan in small amounts by rescheduling my loan in order not to fail to pay my installments. as soon as things turn for the better i am sure i shall be able to clear this loan without much struggle. i humbly request for your understanding, kindly bear with any inconveniences caused.

    Log in to reply • Share
  • Edward    Apr 21, 2014

    i expect to be back on track starting next week hence the need to reschedule my loan. i also hope to increase my weekly amount as i hope the business will pick up well. i have had problems with my business in the past few months and that is why i have not been timely in repaying my loan. i hope my lenders will be kind and understand my situation.

    Log in to reply • Share
  • Edward    Mar 28, 2014

    My business went under due to circumstances that were beyond my control. i am currently picking up and i shall resume my normal payment in a month's time. i kindly request to reshedule my loan in order to be able to pay my installments in due time. i hubly ask for your understanding as i set things right

    Log in to reply • Share
  • Edward    Feb 25, 2014

    the reason for this is because of some emergencies that arose from my family and i have had to spend much of my income to settle it. also my aquarium business as had a low period and clients dont pay on time. i would not wish to potray an image of a defaulter and its for these reasons that i humbly ask to reschedule the loan. i request to reduce my monthly repayment loan so as not to fail bearing in mind that am already late.i shall reschedule the loan as soon as i stabilize my finances since its also my wish to be able to pay back within a limited period of time so as to benefit from future lending.

    Log in to reply • Share
  • Edward    Feb 20, 2014

    Hallo People, i am aware that i am supposed to pay my first instalment today but due to some emergencies that came up i was unable to trade this past week. however i humbly ask for your patience as i am working hard to make sure i pay the balance before next friday.

    Log in to reply • Share
  • Edward    Feb 11, 2014

    i very much thank my lenders for putting their trust in me. i look foward to a successful venture in order to pay back.

    Log in to reply • Share
    • mewesten    Feb 11, 2014

      Hi Edward --
      If you are able, I would enjoy seeing pictures of your aquarium and wall art work. It would be great fun. marvin

      Log in to reply • Share


Loading...

Loading...

Loading...