Emmanuel Chilumo

Majengo, Kenya

100% repaid

Entrepreneur

Name

Emmanuel Chilumo

Member since

March 2013

On-time repayments

25 installments  •  24%

About Me

Am a married man with 8 children.2 of my children are working, 3 are secodary school while the others are in primary school. I live at majengo kanamai near kanamai healthy centre,alight from the mombasa malindi highway at stage ya town, take the raod leading royal reserve hotel and just about 100 metres there an white painted big building thats kanamani healthy centre and opposite a swahili house that is where i live...Am a cook by profession .My wife is a business woman and a teacher.I started the business due to the rising needs of my my family aand to pay for my children education.I use the business earnings to pay for my children education and house needs.

My Business

I own a shop whereby business involves buying in bulky food staffs and home use produts to local people in small quantities.People have to eat and buy products to use at their homes on daily basis and that makes demand high.Most people prefer my shop because i sell in small quantities, have good custormer relations and offer credit to my customers.THe risks involved in this business are that the shop my be robbed by thieves, creditors may not pay in time.I make around 3,000 sh per day thus 90,000 sh per month.Daily expenses is 500 sh per day thus 15,000 sh per month.I take in new stock evey week worth 10,000 sh thus 40,000 sh per month so after doing all calculation the profit my business generates is 35,000 sh every month.

Loan Proposal

my sincere thanks to all my lenders and all zidisha community for making my business grow. Am so thankful for your trust and efforts towards helping us. May God bless you. With this loan i woul like to add more stock and do a little renovation to give my business a new look since its a new year. Thank you.

Feedback

1

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$97.00

Date disbursed

Jan 5, 2014

Repayment status

On Time

Projected term

4 months

Other loans

Lenders

G

Gastao

Covilhã, Portugal

JimVandegriff

Trinidad, California, United States

B

Bavarian

Bavaria, Germany

mossuto

Milano, Italy

A

Aaron

Zurich, Switzerland

A

anagnan

BRUXELLES, Belgium

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

Loading...

Loading...

Loading...