Mattresses & blankets to restock my bedding shop
Francis Barasa
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Francis Barasa
Member since
February 2016
On-time repayments
216 installments • 76%
About Me
my name is Francis Barasa , I was born in Western part of Kenya a place called Bungoma. I schooled at Machwele primary school and went to Bukembe Friends secondary school , after that I joined Sang'alo institute of science and technology but I I did not complete my education due to lack of school fees.
I am married to my beloved wife and we are blessed with two kids.
I later decided to start a small business that would enable me to provide for my family and our younger brothers and sisters from both sides. my aunt supported me with 3000 kenyan shillings of which I began small grocery that have finally grown in to a retail shop for the last five years. I am a christian by religion and I teach my kids how to grow and walk in the fear of the lord.
My Business
i sell home supplies like branded food vegetables and other retail shop accessories that are useful to the people living in my area. I buy on whole sale and sell them at retailled price. the business is good for you have to walk a long distance for you to get a nother shop. I sell my goods at a cheaper price and tha't;s why i have more customers. to some poor people i give them on credits and they faith fully pay during the a greed time.
So if supported with a loan then my area will develop properly thanks even as you prepare to fund my loan
Loan Proposal
To my lenders and zidisha team , am requesting the loan to re stock for my foam products and blanket shop. I have realized that my competitors are not stocking their shops fearing that it might rise to post elections violence . due to this reason their will high demand to these products after elections which will be three weeks time . with these 88000 ksh am going to buy mattresses of worthy ksh 45000,foam cushions of worthy 20000,blankets of worthy 20000 and the remaining 3000 for transportation. Iam confidence that before the manufacturing companies resume their normal operation I will still make sales and therefore I will beat my competitors and satisfy my customers.moreover make good profit .during this time I can make 20% more profit than normal.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$927.00
Date disbursed
Aug 9, 2017
Repayment status
On Time
Projected term
12 months
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guenter Jan 26, 2019
Mary Jan 25, 2019
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