Second loan for buying canvas structure for the bricks

Nelson

Gidagadi, Kenya

100% repaid

Entrepreneur

Name

Nelson

Member since

July 2015

On-time repayments

190 installments  •  61%

About Me

I was raised up in a hardworking family with my mum taking me through primary school all the way to university. Growing up wasn't easy as most of the basic needs were not available. Even though the situations were unforgiving, I took them as challenges to grow and achieve my goals in the best way.

It was the channel towards starting my entrepreneurship journey. I have made bricks which improved housing for my village people. I also engaged in farming where I sold tones of vegetables to consumers which earned me some money.

My people live as families and share most of the basic things like food and that is what keeps everybody moving.

I like watching business videos and training online courses on entrepreneurship. This is what takes most of my time. Also, I watch football as it is one of my top hobbies.

My Business

I have been making bricks and used the profits to buy a laptop one year ago. I started reviewing online affiliate sites to find out how to make money working as an affiliate for commercial sites.

I have written tons of product reviews and buying guides for other affiliate marketers and I realized people find the information essential when making a buying decision.

I am now developing my affiliate site and ready to review products on sites like Amazon and Ebay and sell them to earn commissions. But before that, I need an affiliate marketing course that will boost my chances of getting hundreds of buyers on my site.

I chose this kind of business because it is easy to do anywhere as long as there is an internet connection. I am also a good writer and I find it easy to create words that allow buyers to buy products.

The costs involved are designing a commercial website and hosting. My current revenue comes from the buying guides I write for my clients on a weekly basis.

The profits are used in payment for internet services and reinvesting in growing my business and sustain my family.

Loan Proposal

Thanks for giving m,e the first loan that assisted me to kick off the brick business. with the current loan, I plan to buy a POLYTHENE CANVAS for sheltering the bricks. it costs $90. I also need 10 special posts for holding the canvas and these go for $1 each locally. The CANVAS will aid in the sheltering of the bricks from strong winds and rain. previously, I got a loss through poor sheltering and as you can see from the structure on my profile picture, it's made of grass thatch. with this assistance, my profit margin will be 100%.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.00

Date disbursed

May 6, 2017

Repayment status

On Time

Projected term

8 months

Lenders

Dayton

Vancouver, Canada

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  • Nelson    Jul 19, 2019

    I purchased the housing materials for the bricks structure and this saw the number of good bricks rise and this meant more profit. I also got a chance to build a brick house for parents as that was my initial objective for the better housing. This made me glad.

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  • Nelson    Jun 6, 2019

    I sold bricks and would be happy repaying the remaining amount in a shorter time.

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  • Nelson    Oct 3, 2018

    In every business venture, there comes struggles and extreme challenges. My first project (brick making)was a big disappointment and i lost the entire loan i had invested. I didn't change the project, instead i noted down all the inconsistencies that occurred leading me to plunge into losses. I struggled through repaying this loan via side hustles. This almost demotivated me. My status was always late repayment(this was bad).Well, i repaid the entire loan and i never thought my lenders will give me a second chance. Funny enough, i applied for another loan and i was funded with the rating of 33%. I learnt that our lenders at Zidisha are human and they understand the different challenges a business can bring about. They gave me a loan and that was the break through.Since then, i have had a smooth running with my business taking the best track ever. What i can advice my fellow borrowers is to believe in the process and trust the system for effective outcome. Being genuine is also another factor that make the lenders willing to give you a second chance. Finally, i have trusted the Zidisha system and will always be ready to refer anybody to borrow

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  • Nelson    May 28, 2018

    my project is doing well. looking forward to paying it consistently

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  • Priscilla    Apr 1, 2018

    Nelson has promised to pay his loan soon.

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  • Nelson    Mar 19, 2018

    My project is still young and looking forward to adjusting soon as it picks up

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  • Nelson    Feb 16, 2018

    Thanks a lot for the loan you gave me. I have purchased posts for extension of my brick structure. I'm glad for the support and will keep you updated o the progress of my project

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  • Nelson    Feb 8, 2018

    First, i return my great thanks to all the Lenders who have always believed in my abilities and sincerity. You have been the greatest pillar of my enterprenual growth and journey.
    with the $140 you have given me, i purpose to expand my brick making venture to another level. I will extend my structure to accommodate more bricks and employ 2 more workforces for a better outcome. this will cost me $120
    i will keep the remaining $20 for emergency.

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  • Nelson    Jan 25, 2018

    The second loan, I used it to buy a canvas that aided in sheltering the bricks during the rainy season. This saw minimal losses encountered as a result of breakage. The rain didn't destroy the bricks as compare to the previous year. i doubled my profit as I sold 4000 bricks at 10 ksh. I'm glad because the house below is part of my results in ensuring everybody gets a decent home at affordable rates. Other savings will be used in aiding me to pursue a master in Organizational Psychology and providing daily bread to my family.

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  • Timothy    Jan 25, 2018

    Hi Nelson,thanks for your compliment, Zidisha has made a very big difference in my life,to be honest, I don't think we have any equivalent to Zidisha they are second to NONE!!! So Nelson work hard you will never go wrong with Zidisha because the lenders are fantastic.!!!Let's stay there.

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  • Nelson    Jan 24, 2018

    I'm glad for you continued support. The second loan, I used it to buy a canvas that aided in sheltering the bricks during the rainy season. This saw minimal losses encountered as a result of breakage. The rain didn't destroy the bricks as compare to the previous year. i doubled my profit as I sold 4000 bricks at 10 ksh. I'm glad because the house below is part of my results in ensuring everybody gets a decent home at affordable rates. Other savings will be used in aiding me to pursue a master in Organizational Psychology and providing daily bread to my family

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  • Nelson    Jan 24, 2018

    thanks for the continued support. I'm growing financially and making profits every selling day.

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  • Nelson    Jan 19, 2018

    I plan to make my sales from this week and repay the loan in full.

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  • Nelson    Nov 19, 2017

    hi lenders and advisers. I hope you are fine and doing well. I'm grateful for your continued support. I'm soon clearing my loan and looking forward to more ventures

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  • Nelson    May 20, 2017

    Hello great people. I believe you are doing fine. I have started repaying my loan on a good note. After failing for sometime and facing entrepreneurial challenges with my first loan, i never thought i would be granted a second chance. I return my thanks to the lenders who still believe in my abilities and their willingness to fund me once more. My brick-making business is stable and i have managed to employ more people to help me work on this project. I look forward to a great future as i say goodbye to joblessness. May you continue helping young people gain the skills and abilities to manage their entrepreneurial projects in the best way possible.
    I will keep on updating the lenders and my fellow entrepreneurs on how my project is fairing on.

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  • Nelson    May 20, 2017

    Hi Lenders. This is my project area. As you can see, there is plenty of water and the work is soon resuming. I will share more updates as the project picks.

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  • Nelson    May 3, 2017

    Thank you, Chris, Dayton, Dragonclaw and Greg for your quick funding. I will use these funds to improve the structure for my bricks to realize more profits as I minimize losses. Thanks, a lot fo your continued support and for nurturing entrepreneurship in the youths like me. Continue with the same spirit and be blessed

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  • Nelson    Apr 26, 2017

    Hi Lenders. Am glad for your continued support. Am happy since the loan I was awarded assisted me to learn many things in the entrepreneurial world. my project was faced with a lot of challenges but I managed to get through. I have managed to clear my loan and I thank you once more for giving me more time to service my loan. I look forward to creating an empire of businesses through your help.

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  • Nelson    Apr 18, 2017

    I made sales from my bricks and this enabled me to have enough cash to complete my loan repayments

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  • Nelson    Mar 10, 2017

    things are good right now despite the weather challenges. thanks for your support

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