23 installments • 100%
My name is Allan. The Zidisha facility has been very useful in my business enabling stability and gradual business growth. Other than the business, I also do kitchen gardening as a hobby.
I make and sell liquid cleaning agents ( Laundry Detergent and Dish Washing Liquid). The business is about three years old now and has been experiencing organic growth. It started with monthly revenue of about KES 5000 and now at more than four times.
The loan will be helpful, to assist in increasing my inventory.
I will use the loan to purchase the required raw materials needed for making liquid soap and detergents. I will be able to buy more of the chemicals and reagents and hence make more of the end products.
This will see me increase my revenue as I will be able to meet more of the currently existing demand.
There is more of the demand for the end products than I can meet with my current production and financial capacity.
I am among the lucky business owners whose line of trade is not badly affected by the prevailing economic and social difficulties we are experiencing.
With the loan, I will be able to make more of the liquid soap and the detergents. The demand for these products is high and I will, therefore, be able to sell more and grow revenue.
Repayment of the loan is my number one priority. Out of the weekly profits, the amount to go towards the repayment of the loan will always be the first expense, this will enable me to make the required installment repayments in a timely fashion and without too much strain or pressure.
By prioritising the weekly repayments, I will be able to comfortably clear the full loan within the required period.
Apr 25, 2021
Cost to entrepreneur
Service fee: $7.39
Credit risk payment: $26.58
Optional expediting fee: $22.16