Fatuma Zimba

Timboni Watamu, Kenya

91% repaid

Entrepreneur

Name

Fatuma Zimba

Member since

October 2012

On-time repayments

11 installments  •  45%

About Me

Am Fatuma Zimba,a resident in Timboni Watamu in Kenya,am married with eight children who are now in school and one in Pwani university by the name zeinab Ali Zimba,my main occupation is a posho mill business operating here in Timboni, i studied up to class five at mikinduni primary school in the year 1986.i started this business to be able to feed my family and more so educate them up to university.the earnings i get from here shall be used to buy maize stock to sell more flour to my customers. i plan to package maize flour in the future through zidisha loans

My Business

My busiess is a posho mill business here in Timboni watamu,the demand for flour here is greater hence able to make more profits for myself,there is only one posho mill.risks include lack of electricity during rationing.No direct competition here since there is only one posho mill which is about 1 km apart.In a month i make about kshs 30,000,expenses of kshs 14,000,the balance is used to make buy more stock and pay up my lenders.

Loan Proposal

My business is a posho mill business here in Timboni Watamu.I will use the loan to buy 17 bags of maize which will cost kshs 35,000.I expect to get about kshs 60,000 in gross profit.the rest of the amount shall be used for transport of the bags to my posho mill and storage room.Watamu being a busy area,there is high demand and potential for this business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$464.13

Date disbursed

Nov 21, 2012

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Lender interest: $464.13 at 9.15% annual rate over 12 months = $45.18

Service fee: $24.69

Upon joining Zidisha, Fatuma paid a lifetime membership fee of $17.46.

Lenders

KYLE LARSON

Little Falls, United States

investor

Candiac, Canada

B

Bpryse

Long beach, United States

D

dancesflo

sao carlos, Brazil

T

ToddK

Indianapolis, IN, USA, United States

StikyBoots

Olathe, Kansas, United States

C

Charlie

Hometown, United States

J

jasonbronowitz

Tempe, United States

dajawein

Gladstone, Australia

Sundstroms

Falun, Sweden

Caddis14

Heber City, United States

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