Purchase of lab equipment

Edward

Kisii, Kenya

100% repaid

Entrepreneur

Name

Edward

Member since

January 2018

On-time repayments

92 installments  •  29%

About Me

I was born in Kisii County and spent my early childhood in Uasin Gishu County (Eldoret) where i attended pre-school and part of primary school (Kidiwa primary). I was relocated to Kisii County to complete my primary (Kiogo Primary) education as well as high school (Nyanturago High).

My Business

I supply Laboratory Chemicals and Equipment to schools for my main income. Usually i pay County revenue as permit /payment for business licensing amounting to Kshs 7,000 annually, pay rental business housing cost of Kshs 7,000 per month and electricity bills (shared) per month. My business earns me a living as through it i pay school fees for my two children, pay living rental home and feed my family. It has taken quite a long time of difficulty to this far in business. I had to work for (10 years after high school) with and for a friend who had the same business so as to raise capital for the start. This was hectic as the little wage i earned wasn't enough for upkeep and savings. I had to start poultry and vegetable farms to facilitate the capital hence it took longer. I sometimes went for construction work to boost wages and meet some extra expense. Now that I'm certain to be on the right track towards success and hope Zidisha is going to be my potential financier through the loan program from lenders.

Loan Proposal

Once i receive this money, i am going to purchase the lab equipment for my supplies to school.
I will buy 10 ammeters at kes 500 each, all will cost me Ksh 5000/-
I will also buy 10 volt meter Ksh 500 each all will cost me ksh 5000/-
and Ksh 1000 for my transport.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$9.00

Date disbursed

Mar 15, 2018

Repayment status

On Time

Projected term

1 week

Lenders

Paul Buchheit

Mountain View, United States

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