purchase a sack of maize to retail in the market

Paul

Siaya Town, Kenya

26% repaid

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Entrepreneur

Name

Paul

Member since

February 2014

On-time repayments

260 installments  •  3%

About Me

.MY STORY. I M MARRIED MAN AGED 36 YEARS. IAM ADIPLOMA HOLDER IN CO OPPRATIVE MANAGEMENT AT KABETE INSTITUTE NAIROBI .I DID MY O LEVEL AT KANYAWANGA HIGH SCHOOL .I HAVE WORKED WITH SEVERAL NGOS AND I HAVE AN EXPERIENCE IN BUSINESS. I AM A BUSINESS MANAGER BY OCCUPATION . I DECIDED TO USE THE KNOWLEDGE TO BEGIN A BUSINESS IN CEREALS AFTER I LACKED EMPLOYMENT SO THAT I COULD BECOME SELF EMO PLOYED. I PURCHASE FROM FARMERS MAIZE AND BEANS, PESTICIDES AND SACKS. I HAVE 2 CHILDREN AND 1 WIFE.I USE THE PROFIT I GET TO SUPPORT MY FAMILY , TO PAY SCHOOL FEES, RENT AND ETC.

My Business

ABOUT MY BUSINESS. MY BUSINESS IS LOCATED ALONG SIAYA KISUMU ROAD I DEAL WITH CERALS EG BEANS AND MAIZE WHICH I DISTRIBUTE TO VARIUOS SCHOOLS. I BUY BEANS AT 4000/= AND SELL IT @ 5500 OF WHICH I MAKE A PROFIT OF 800 ATFER DEDUCTING ALL THE EXPENSES. THE SAME APPLIES TO MAIZE WHICH I BUY AT 3000 PER BAG AND I SELL IT AT 4500, HENCE MAKING APROFIT OF 700 PER BAG AFTER DEDUCTIONS. APPROXIMATELY I MAKE A MONTHLY PROFIT OF 45000 WHICH I USE TO PAY MY HOUSE RENT, FEE FOR MY KIDS AND OTHER FAMILYN EXPENDITURE I WILL STILL USE THE SAME TO PAY MY ZIDISHA LOAN. MY RISKS ARE POOR ROAD SOMETIMES I GET IE DIFFICULT TO TRANSPORT MY GOODS TO CUSTOMERS BECAUSE OF BAD WEATHER, FLUCTUATIONS OF THE PRICES HENCE LOW PROFIT. I WOULD WISH TO EXPAND MY BUSINESS SINCE I HAVE MORE TENDERS BUT I DONT HAVE CAPITAL TO BUY.

Loan Proposal

i will use the loan to purchase asack of maize to retail right now theres very high demand for maize and the people in siaya use maize to make ugali as their staple food .1kg of maize i will buy @25/= then sell at 50/=@ making a profit of 100% this means i will buy 150kg which i will sell at 7500/= which gives me an instant profit of 3500/= i will use this to re invest another maize and also repay my loan

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

May 29, 2014

Repayment status

Late

Projected term

80 months

Lenders

S

scrabblelives

Nashville, United States

wallymountz

Fort Lauderdale, United States

H

howard

Vence, France

Sarasota

Sarasota, Fl, United States

ameltzer

maryville, United States

Ask Paul 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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  • Paul    Jan 15, 2019

    currently have been hospitalized at jaramogi referral hospital in kisumu after under going operations so am on bed ridden

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  • Paul    Oct 19, 2018

    Hi team i take this time to register my sincere apology for late payment of my zidisha loan reason being i shifted my business to my rural home where i could not accessed to internate due to power shortage and luck of smart phone i promise to co-operate in future and look forward to your co-operation

    regards paul

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  • Paul    Mar 15, 2015

    Hi mr ndungu kindly send me ua telephone no

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  • Ndungu    Jan 14, 2015

    Mr Paul is claiming to have a technical problem with his cellphone line which he uses to make payments. He has contacted Zidisha about it and they are working on the matter.

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  • Ndungu    Nov 24, 2014

    Dear lenders, I spoke to Paul today and he promised to clear his arrears today. He attributed his delay to repay to loss of a close relative.

    Thank you for your patience.

    VM

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  • Svenip    Oct 6, 2014

    Dear Paul,
    Could you help us to find out what happened to
    Edward Ochiengi Pamba? He seems to have disappeared in April...
    Many thanks and best wishes!

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  • KrautFunding    Sep 29, 2014

    Hi Paul,

    thanks for your feedback. Good to hear that at least you business is developing well and you're fighting to keep things on track. Keep up the good work...

    All the best...

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  • Paul    Sep 22, 2014

    Hi lenders, i take this opportunity to thank you very much for your support period,my business is moving on smoothly despite many challenges,but God willingly i will overcome the challenges,on the issue of winfred wangenchi is completely out of phone hence cant be found but am trying to find out of his whereabouts .very soon il give you a comprehensive report on her records

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  • KrautFunding    Sep 20, 2014

    Hi Paul, good to see your projects are on track...unfortunately there seem to be issues with the loan of Mrs. Winfred Wangechi. I would like to ask you as her mentor if you can tell us anything about her and her business? Any problems we should know about? Maybe you can update us on her personal page www.zidisha.org/microfinanc...

    Thanks a lot and all the best
    Kraut

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  • Paul    Sep 15, 2014

    Hi lenders i take this opportunity to thank you so much for your continue support financially, i can now be able to pay my loan with easy after passing through many challenges in life,my business was broken down and could still pick up.am looking forward to getting bigger loan to expand my business

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  • bconrad    Sep 9, 2014

    Dear Lenders,

    I apologize for the delayed posting of Mr. Onyango's payments from the last month. There was some confusion over his payment number, but this has now been worked out.

    Thank you,
    Bayle, Country Liaison Manager

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  • Ndungu    Aug 26, 2014

    Dear Lenders, Mr Paul has confirmed that he has cleared his arrears. He has promised to be paying on time in his subsequent payments.

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  • Ndungu    Jul 14, 2014

    Dear lenders, I spoke to Paul today and he told me he is going to make some payment today and then reschedule his loan since his business is low at the moment.

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  • Paul    Jul 14, 2014

    Hi zidisha team i want to change my loan repayment schedule because my business was broken down by thugs and stole every thing.Hence i have been struggling to make it come to where it was before with the little money i have, these have really made it very difficult for me to pay my loan on time. I therefore request that my loan be paid on monthly installment of 22 minimum
    Thanks in advance for your co-operation

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  • Paul    Jun 21, 2014

    Hi lenders kindly allow me to clear my arrears on 27 of this month if you don't mind
    Thanks in advance

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    • Ndungu    Jun 27, 2014

      Hi Paul, please make use of reschedule feature when you are unable to raise the loan repayment.

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  • Paul    Jun 19, 2014

    I thank zidisha on line micro finance for advancing me the loan which have use to increase my stock. i want to clear this loan so as to apply for a bigger loan which will assist me to diversify my business .Thanks a lot you are our savior to poverty

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  • TheWhiteCat    May 26, 2014

    Dear Paul

    How is Ager Omondi's business progressing, does he still have problems?

    Best regards

    White Cat

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  • Ndungu    May 22, 2014

    Hi Paul,
    Glad you are back. Good luck this time!

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  • P

    Paul    Mar 13, 2014

    what happened to my loan

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  • Ndungu    Mar 4, 2014

    Congratulations Bwana Paul. Tumia pesa vizuri tupigane na umaskini.

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