Repair sewing machines and buy uniform materials

Ezekiel Munene

Githurai Progressive, Kenya

83% repaid

Entrepreneur

Name

Ezekiel Munene

Member since

June 2013

On-time repayments

50 installments  •  18%

About Me

I am from Githurai 45, a youth with a burning desire to contribute to the growing economy of my country (Kenya). In addition, I hold a university degree in business administration. My town is full of great opportunities and many people willing to offer advice to the young. Many of the forums I attend urge me to start my own business.
I love researching, and traveling, trying to find knowledge to make my business better. This has helped me gather a lot of information pertaining to my business. Unfortunately, the income from the business is not much. I use it to pay rent and my upkeep limiting me in expanding business. That is the main reason I plea for financial assistance.

My Business

I sell school uniforms of all ages and types.
My business is located in Githurai shopping center. This is an area with both public and private schools. I wish to increase materials, machines, and labor as we are approaching school opening in September. There will be a high demand for uniforms. I wish to buy material in bulk, because it is much cheaper. In addition, I want to repair few sewing machines. Zidisha loan will boost me financially influencing me to sell at a cheaper price compared to my competitors. As a result, less privileged families will benefit directly from this loan, for instance, they will get quality uniforms for their children.

Loan Proposal

I wish to buy material in bulk, because it is much cheaper. In addition, I want to repair few sewing machines. Zidisha loan will boost me financially influencing me to sell at a cheaper price compared to my competitors. As a result, less privileged families will benefit directly from this loan, for instance, they will get quality uniforms for their children.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.17

Date disbursed

Aug 19, 2014

Repayment status

Late

Projected term

11 months

Cost to entrepreneur

Lender interest: $50.17 at 7.66% annual rate over 11 months = $3.70

Service fee: $1.73

Lenders

A

Anninymouse

Southampton, United Kingdom

SeeMeeFi

Ontario, Canada

Zal0m0n

Atlantis!!!! x), Mauritania

Sarasota

Sarasota, Fl, United States

dlpringle

Denver, United States

T

thebonseung

Republic of Korea

L

lamar

lamar colorado, United States

Matching Fund

Sterling, United States

H

happyhappy

Switzerland

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