Purchasing materials to make school boxes

Francis Nyaga

Gakoromone, Kenya

100% repaid

Entrepreneur

Name

Francis Nyaga

Member since

April 2013

On-time repayments

293 installments  •  65%

About Me

l am the first born in my family among four children,we have been brought up by a single mother due to the divorce which occured when l was young when l did not know anything just am being told what happened,l live at gakoromone in meru with one wife whom l married year 2010 and we have been blessed with one duaghter,l am a business man having a passion of prospering in life,as far as my education is concerned l am a form four leaver who sat for k.c.e.s exam year 2005,in the year 2006 l was employed as a sales man in a certain jua kali in meru up to last year a month of six[june],after one month l started my own business in order to cater for my needs together with my family,l purchase more stock with some earnings which l get from my business inorder to keep my business alive.

My Business

as l have indicated above,l started my business last year 2012 in month of seven[july] since l had gained alot of experience from where l was employed,l deal with making and selling of jua kali product such as jikos,ngatas,sufurias,metal buckets etc,they are highly demanded since most them are household goods which one cannot do without,my customers prefer my goods because they are of good quality and that whenever any customer visit me l handle him or her with due respect as l can,my business is profitable because whenever customer visit me at first time he or she feels to come later and when he or she will becoming later there will be an introduction a new customer, secondly l manage properly the profit which l get from the business,my business face a risk of competition,my typcal monthly costs is 17,000kenya shillings while monthly sales is 35,000kenya shillings and lastly my monthly profit is 18,000kenya shillings.NB among this profit the basic needs have not been deducted.

Loan Proposal

I take this chance to notify you that l will be glad when you fund me since l will be in a position of buying materials to make school boxes.This boxes will be demanded highly on February when form one student will be reporting to school.

Feedback

4

None

None

  • Margaret    Sep 12, 2017

    Francis paid off his loan in a timely manner. I would gladly lend to him again and encourage others to do the same.

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$159.18

Date disbursed

Jan 12, 2016

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $6.61

Francis opted to pay $83.04 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

S

Scodeb123

Huntsville, United States

Bjorn

Heggedal, Norway

wissam

Jeddah, Saudi Arabia

Douglas St Quintin

Sydney, Australia

Rosario von Li

San Jose, Ca, United States

JA

Joe and Deb Rinella

Kansas City Metro, United States

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

Loading...

Loading...

Loading...