New electric frier for chips making

Fredrick

Molo, Kenya

7% repaid

Entrepreneur

Name

Fredrick

Member since

November 2014

On-time repayments

279 installments  •  13%

About Me

I fredrick ndwele and i am now 23 years of age born in Homabay county.The son of historical peasant late Mr.Onyango.If i can remember i raised in a family where the poor could called as poorest but i thank God my life is changing though i did not have the chance to have higher education because my father could not even talk about taking a child to school leave alone if able to afford.It's good the best i got is the bursary fund which help me to get high school education and it was the end of education for me despite the good grade i attained.

After high school a good neighbor who is an electrical took me to work with him in the field with his installation work.From the little amount i started my own business which is now my whole life.

My Business

Now i am a successful food sell in molo town.I make chips from irice potatoe,small fish also known as 'omena',fish balls and fresh juice.Chips is the most demanded commodity among my products especially lunch hour and omena and fish ball are really demanded in the evening for dinner.

I choose this business because food is demanded everyday in life,it is not seasonal like other business.As i does my business everyday i get more passion as more and new customers always comes in.

I can say my cost per month is approximately $250 and an estimated profit of $180.My profit i do usually support my mother,myself and the little remaining reinvest in my business.

My main challenge has been lack of enough capital to expand my business as what i earn right now is little though i do always try to plough back the profit.I am now happy this problem will come to an end by getting zidisha as we will work together till the end.

Loan Proposal

I take this opportunity to first thank all those who have supported me this very far,your contribution is really changing many lives.My family have something to smile about because of your contribution support towards my business.This time i come before you again requesting for your support to buy the following,

$200 i will use to buy small but new electric frier for chips making.This is relatively cheaper as compared to using firewood.It will help me save up to 50% fuel cost hence increasing my profit.Also it will increase my speed of work as compared to using firewood hence i will be able to serve more customer leading to higher profit.

$100 i will stock four sacks of irice potatoes for chips making at the wholesale price which is relatively cheaper as compared to retail price hence giving more profit.

$50 i will use to buy small fish(omena) for resale because during this dry season there is very higher demand because there is little green which is more expensive than omena.With higher demand higher sales more profit is expected.Thank you 'Asante sana'

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$294.00

Date disbursed

Apr 13, 2015

Repayment status

Late

Projected term

60 months

Lenders

K

Kondonassis

Bridgton, United States

ErikN

Stockholm, Sweden

P

Prysdahl

Marshall, United States

A

Andy

Berlin, United States

fairspirit

Utrecht, Netherlands

F

flaguy999

Tampa, United States

N

nba1999

Beijing, China

U

UTLonghorn

Lincoln, United States

E

E

Marin county, United States

P

Popcorn

Berkeley, United States

Evan Lamos

Brussels, Belgium

A

akshu71

Ottawa, Canada

Gringotts

United States

DavidHS

United Kingdom

M

MattWorzala

United States

CG

Cathy Gill

Baltimore, Maryland, United States

PC

Patrick Clavette

Hartford, Wisconsin, United States

Paul

Seattle, United States

JD

Jeff DePree

United States

John Prendiville

Portland, United States

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

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  • Zephania    Oct 1, 2015

    Dear lenders i spoke Mr.Ndwele today and he told that his business is very down due to high rainfall which destroyed his farm.He said he is trying to compose everything and start paying his loan soon or late this month.

    Osida

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  • Fredrick    May 1, 2015

    Hello lenders first i take this opportunity to thank you a lot for supporting m.Today am really sorry that currently the business had gone down due to high rains and i kindly request you to allow me reschedule my loan to a smaller amount for time being.

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  • MattWorzala    Apr 20, 2015

    Good luck Fredrick! I hope the new aspect of your business is a big success!

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  • Fredrick    Apr 14, 2015

    Thank you very much lenders i have the loan of ksh 26,000 and am on my way to the shop,thank very much God bless you.

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  • Fredrick    Apr 12, 2015

    Thank you for funding my loan

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  • Fredrick    Apr 9, 2015

    I am very thankful to all lenders who are making it possible to me,for your contribution my loan will be funded and my dream will come true,thanks to you all!

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  • gerdek    Apr 6, 2015

    Hi Fredrick,

    Thanks for the great lending experience. You have been good in payback and in communication. We just saw your new loan request - unfortunately we spend our lending money to another project just now, so we cannot join this time around. I am however confident you will be able to attract enough lenders to get fully funded soon! All the best!

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    • Fredrick    Apr 9, 2015

      Dear Simon,

      Am very thankful because you have supported me in the past,i hope one day you will be able to,thanks a lot

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  • Fredrick    Apr 5, 2015

    Am very thankful to all lenders who have supported me so far,am happy you are making many dreams to come true.I hope more lending will come on my way,thank you.

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  • Fredrick    Apr 3, 2015

    Thank you very much all!

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  • Fredrick    Apr 1, 2015

    It's my greatest experience for far in borrowing,paying a loan with no stress.I love borrowing here because it has help me grow than before.My business is growing and the most important thing is am able to support my family,thank you very much.

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  • Fredrick    Mar 27, 2015

    Dear lenders as i have promised you to reschedule my loan to a larger amount this month,here is me fulfilling my promise to you.After short illness i got well and have been able to grow my business beyond doubt so far.Now i am able to pay more so as to minimized my interest due.I also thank you all for giving me humble time.

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  • gerdek    Feb 1, 2015

    Hi Fredrick, how are things going with your business?

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    • Fredrick    Feb 4, 2015

      Dear Simonthemooncalf,

      Thank you very much for your concern.My business is doing so much great and i see it growing.Next month i will be reschedule again to larger amount.

      Thank you

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  • Fredrick    Jan 15, 2015

    Dear lenders thank very much for you loan,my business is doing fine and its really growing so much.But i take this opportunity to inform you that i got sick last monday and was admited in the hospital with malaria and i have not been able to go to work.Please kindly allow me to temporarily reschedule my loan to small amount till i got well

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  • gerdek    Jan 10, 2015

    Thanks for the first repayment fredrick!

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  • Fredrick    Jan 3, 2015

    I say thank you to all who have lent to me.God bless you all as i welcome more lending.

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  • Kevin    Jan 3, 2015

    all the best

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  • Fredrick    Jan 1, 2015

    Happy new year!!

    I take this chance to thank all my lenders and wish them a happy holidays as i inform them that my business is doing much better as the loan they gave me has boosted my business.I am happy my life is improving beyond doubt.Thank so much for lending to me.God bless you all.

    Thank you,
    Ndwele

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  • Fredrick    Dec 20, 2014

    Dear lenders,

    I thank you all for pardoning when my business was some how down that i almost got warred but i realized it was just a normal few days break and my business went back to normal in fact more and more customers are now coming.Now i request you to allow me reschedule my loan to larger amount so as i may not pay back high interest as my business is now stable.Thank you

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  • Fredrick    Dec 12, 2014

    I am happy to received your loan but of late the business have just gone down for the reason i cant explain now or maybe many people have travel upcountry leaving few customers to be attend to.Please may you allow me to reschedule my loan for a while till the business catches up.I hope three weeks from now things will be ok.thank you

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  • Fredrick    Nov 17, 2014

    Thanks to all lenders who have supported me so far and kindly welcome more lending!!!

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