Entrepreneur
Name
Victor
Member since
February 2014
On-time repayments
367 installments • 72%
About Me
i was born in a small village called mbokani in 1988.i went to a local primary school and secondary school nearby where i did well and secured myself a place in the university where i did a B COM Degree in Accounting.having come from a background that was financially challenged my education career was at the verge of collapse but well wishers and the church intervened.I managed to do my degree.necessity is the mother of invention,through the difficult moment my family and I was in,I got a job in one of the wholesellrs shop in our local market as a shopkeeper. my salary was kes.15000.I used to save 2000per month and I did that for 6 months where I got kes.12000.I went and bought 4sacks of maize and 3sacks of beans that costed about 11800.I gave one bag of maize to my family for food.bucause I could not operate the business as a minor..I had to trade at our home.I would walk around the village marketing my products and within a short time I had daily customers. on makueni cereals such as maize,beans,peas,greengrams,sorghum, millet and others are the staple food for kamba community.with such stock..business moves.I have one daughter named mutanu who is ever smiling... she aspires to be a news anchor or a business lady.I love adventure with my family so much
My Business
currently i am running a small fleet of 3 motorbikes, and i also changed my business ventures from charcoal and cereals to spare parts business of the motorbikes.
my wife who is also my partner runs a boutique shop where she sells mitumba clothes. .i also run a taxi business where i earn an amount of about 30000 per month. Zidisha has really helped me grow and i think i will not have a challenge in paying the facility.the revenue i get from these business has helped mere add more stock,pay the loans, pay the few dues..i also pay for my sisters college fees and cater for my family needs
Loan Proposal
i recently started a motorbike spare-parts shop in my current place of residence with a stock of kes.30,000.the business is 3 months old and i can see fruits already. It is picking up very well however due to limited capital, i am unable to restock the different spare parts as the demand requires.
i wish to use the funds to purchase more stock that is fast moving of about 50000
again,i also intend to purchase the work tools for the mechanic which go for about 10000.since my budget is about 80000,of which am contributing 20000,the balance will be oscillating in the business to top up any other item that may not be captured in the budget.
with this,my profits are expected to double
Income Source
Motorbike business is one of the most lucrative business in the suburbs and the slums.Its is the mostly widely used means of transport in this generation.
this industry has employed millions of young people and are using them to earn their living.
The spare parts for motorbikes are on demand on daily basis owning to the increased number of the motorbikes and their vulnerability.The bikes have high affinity to wear and tear making the demand for the spare parts highly in demand.
With a well and strategical located business premise,with adequate spare parts and a good mechanic.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$650.00
Date disbursed
Jul 22, 2020
Repayment status
Late
Projected term
12 months
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