Kibet Machuki
Eldoret, Kenya
100% repaid
Name
Kibet Machuki
Member since
September 2016
On-time repayments
203 installments • 35%
I was brought up in a Christian family in Nakuru,went through primary ,secondary and university level.I hold a Bachelor's Degree in Economics.
I went through various hurdles in life and later ventured into a small business using little capital.
I love my culture as it's the only culture that accepts any individual. Love playing football.
I have a business that deals with clothes for all genders and shoes for women. I get the clothes monthly from USA and some from Uganda and Tanzania then sell in Kenya. The items are in huge demand and I have lately been trying to increase my stock and luckily it's working out well and want to do more and more. I chose the business because of the less competition , profitability and also because of a potential market(Students from the nearby University and also the local communities).
Costs incurred is roughly Ksh.205500 and a gross profit of Ksh.420000 is realized.These profits have greatly improved thanks to Zidisha for boosting my stock and thus resulting to increased earnings. I use the profits to reinvest into the business by increasing stock and also paying my siblings school fees.
Currently, demand is so overwhelming on the women clothes section. I am going to use this amount to improve the stock on the women section which I seriously need to meet the current demand.
Positive
None
Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$155.00
Date disbursed
Nov 11, 2016
Repayment status
On Time
Projected term
3 months
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