Replacing my stolen bicycle

Nelson Maktso

Kakamega, Kenya

100% repaid

Entrepreneur

Name

Nelson Maktso

Member since

July 2015

On-time repayments

12 installments  •  50%

About Me

my name is Nelson maktso,I am the second born in a family of 8 children. I grew up in the village with my siblings .I went to Nyamasa primary school ,and proceeded to sawagongo high school where I did my KCSE, I passed well but my parents cpuld not raise my college fees.
I joined Umino Youth group ,the group was involved in youth empowerment programmes ,and we did table banking. Members could borrow from the group .After six months of doing casual jobs in construction sites and farm and saving in the group,I decided it was time to start something of my own. I had admired farmers and really liked what they were doing. I decided to try it out . I planted tomatoes in my 1/2 acre farm.the tomatoes did very and I was able to raise money for my first semester in a local polytechnic to study wiring. I am now a qualified electricity technician and a farmer.
we have traditional food,dances,and songs that are held up in esteem and is part of our culture.
I love watching football,and socializing with my peers during my free time. I am also a politician and would wish to get an elective post in future to help improve the lives of my people.

My Business

I am a farmer and electrical technician. I grow cabbages,tomatoes and kales in my farm.I also do electrical wiring for households in the neighborhoods. I always juggle with the two jobs and allocate time for each.
The demand for farm produce is always high throughout the year because of growing population and dwindling farming population.
I choose to do farming because it was very profitable and I loved it so much,on the other hand passion drove me do electricity wiring.
I spend $150 as production cost in the farm and get revenues of $300 per month. my electricity job gives me $100 per moth.
I use my money to invest in my farm and pay fees for my siblings so that they can get better education to sustain them in future.

Loan Proposal

Hello lenders,I hope you are fine ,I am kindly requesting for $100 loan to help me replace my bicycle that was stolen last week at the market. The bicycle always play an important role by helping me ferry my produce to the market and without it now I have to relay on hired transport which is very expensive.A new bicycle will cost me KES 10000 ($120) I will receive a loan of $60 and top up to get the bicycle. thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.52

Date disbursed

Aug 9, 2015

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $4.14

Nelson opted to pay $24.91 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

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