To help restock my grocery shop

Richard Momanyi

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Richard Momanyi

Member since

June 2017

On-time repayments

117 installments  •  75%

About Me

My name is Richard Momanyi. I was born in Kisii county which is in the western part of Kenya. The main occupation there is farming and my parents are small scale farmers. I grew up helping them in the farm and we also used to keep some domestic animals like cows and goats.

I am married and looking forward to starting a family with of two children.

My Business

I do business in the coastal town of Mombasa city where I sell household items in a small shop. I sell items such as cooking oil, maize and wheat flour, sugar etc. I serve people who live in my neighborhood.

I make around $100 per month but I am hoping to increase this amount as I keep expanding the business. This amount will inch upwards due to continued support I am getting from Zidisha.

Loan Proposal

I did good sales in recently where I sold most of my stock. With the money I made from the sales and an additional funds from this loan, I will be able to re stock my shop and start this new year strongly.

I mostly want to buy food items such as wheat and maize flour, sugar, cooking oil etc. These are fast moving items and I hope to make a good profit out of the sales.

Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$78.80

Date disbursed

Apr 7, 2018

Repayment status

On Time

Projected term

13 months

Cost to entrepreneur

Service fee: $3.48

Credit risk payment: $6.98

Lenders

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