Entrepreneur
Name
Frank
Member since
November 2015
On-time repayments
272 installments • 65%
About Me
I was born in bonyang'ande village,Emenwa sub-location,Bass central location,Nyamache division,Nyamache district,Kisii county in the year 1988.
I started schooling in the year 1994 at Nyakona primary and sat my KCPE exam in the year 2003 and attained 307 marks out of 500.In the year 2004 i joined Nyamagwa boys high school and after along struggle of fees problem due to the poor background i managed to score a mean grade of a B(plain) after sitting my KCSE examination in 2007.
Due to the poor background, my guardians and members of the society at large organised a fundraising for the college fees where i joined Kisumu polytechnic where i pursued diploma course in mechanical engineering in the year between 2009 to 2011.
I sat my knec exam in the year 2011 after a long struggle and managed to score a pass.
My Business
After along struggle of three years for searching job in the field ,I didn't become successful to secure even one.Through friends and family members advised me to start a small business opportunity in order to achieve my core goals and objectives.Due to lack of capital i hard to think of a small business from the enterprenual skills and knowledge gained from college.I came up with the idea of opening a photocopier business,comprising of typing and printing.I found the business enterprise more efficient after i got capital from family members,course-mates and friends The business generates an average profit of 500 kes after incurring other expenses.The daily savings are used to purchase new machines,photocopying papers and other expenses required for the business.I also use it to raise myself, my old parents and paying school fees for my younger brother.
Loan Proposal
Due to the current crisis of more customers,i have a small printer which does not meet my required standards of operation,at times it fails to operate effectively affecting my business. due to this challenge, i decided to purchase a large printer which is capable of working smoothly to enable business run well.
Due to the small capital raised, i decided to borrow money from zidisha team in order to purchase the printer.
The loan of 450077 will be spent as follows
purchase of H P printer Kshs 40,000
addition of stock Kshs 5000
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TOTAL kshs 45000
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Loan Info
Project Type
Classic Loan
Disbursed amount
$447.00
Date disbursed
Oct 8, 2017
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Sterling, United States
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