Sale of beef and chicken

Paul

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Paul

Member since

January 2015

On-time repayments

197 installments  •  39%

About Me

I went to a primary school in a remote village in West Pokot before joining secondary school in 1994. I later joined Moi University, Coast Campus before settling on doing business.
I have been in business for sometime, I started with a chicken sales, moved into poultry then started a car wash business. This is what has brought me this far, I used my third and fourth loans to start and stabilise the carwash business by purchasing a new machine.
I have also managed to buy new tires for my cab and service it regularly because it helps me in paying Zidisha loans.
I still look forward to getting a second car through a loan. With car hire, I have been able to make up to Sh3,000 on a good day in Mombasa.
I plan to use my next Zidisha loan to put up a spirits business in Malindi and open up another carwash business in Lunga Lunga, at the border ok Kenya and Tanzania.
I know this will earn me some better income to be able to consistently service my loans.
I believe if I complete this loan then I will be able to own a fleet of cabs as time goes by.
Once again, many thanks Zidisha team.

My Business

I am happy to have completed repaying my previous loans,this my sixth loan,successfully paid.I have already rehabilitated the building where I plan to set p the wines and spirits business. It is a very strategic place and I am quiet sure I will be able to repay the upcoming loan just like I did with the past ones.
I plan to invest Sh70,000 in the opening stock and later top up another Sh30,000 to give it a Sh100,000 worth opening stock.
I plan to use the balance from the loan to do a few legal requirements, especially the paperwork. Wines and Spirits business is quiet lucrative and I believe it will subsidise my income on the taxi fleets.
business.Once again,i believe it's doable and with Zidisha, financial discipline is the order.Thanks

Loan Proposal

I have tried my hand on the chicken business. I buy 60 chicken every week at Sh480 per hen and resell them at Sh600 each.This gives me a profit of Sh120 per hen totaling to Sh7,200 per week. This totals to Sh28,800 a month.
I also supply meat at various restaurants. I buy a kg of beef at Sh320 and resell at Sh380.
If i buy 50 chicken every week, i make Sh3,000. This totals to Sh9,000 every week.

Feedback

3

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Apr 17, 2015

Repayment status

On Time

Projected term

7 weeks

Lenders

H

hwwijono

Jakarta, Indonesia

J

jzidi

Los Angeles, United States

ads68

Melbourne, Australia

C

Clben7

Cincinnati, United States

D

dajja

Stockholm, Sweden

M

martyb

United States

Gringotts

United States

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

T

Tarik

Ludwigshafen, Germany

C

Chitti421

United States

V

Vantine

United States

R

Ryan

United States

M

mohamed

South Africa

WL

Wil Lazo

United States

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Summary

Amount repaid

$105.08

Amount remaining

$0.00

Date repaid

Jun 13, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Apr 26, 2015 $15.01 Apr 26, 2015 $15.01
May 3, 2015 $15.01 May 2, 2015 $15.01
May 10, 2015 $15.01 May 10, 2015 $15.01
May 17, 2015 $15.01 May 16, 2015 $15.01
May 24, 2015 $15.01 May 23, 2015 $15.01
May 31, 2015 $15.01 Jun 10, 2015 $15.01
Jun 7, 2015 $15.01 Jun 13, 2015 $15.01

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