Name
Richard
Member since
August 2015
On-time repayments
188 installments • 80%
I am seventh born child with 3 sisters and 6 brothers but fro a humble family.
Our family come from Ndorobo namely the Ogiek who lived on hunting and gathering of honey.
Out 9 siblings two managed to go to school with a struggle( last born and I)
I went through curriculum 7:4:2:4
but after the Form 4 went to college and took a course in Certificate in General Agriculture 1988/90 completed but didn't managed to secure a formal job.
I did some farming engaged in Maize ,Beans, Brasicus and Pyrethrum growing as cash crop before venturing in the entrepreneurs where I self employed engaged in mitumba sales and finally open a Stationery shop where I am still doing it to date
My Stationery Shop is a registered business namely STAGGE COMMUNICATION dealing with Office stationery, Printing services, Photocopying, Binding and Lamination service.
Starting capital came from the previous work in the farm and mitumba business which I upgraded to a Stationery shop.
The business shop grew gradually because items required so much funds. Went to lending institutions where business drug so much for apart looking for funds to buying stocks I could make funds for loan repayment.
Today the business is almost at break even phenomena and I thank the Zidisha firm for their loan is pocket friendly with little interest
I have left all other lenders and stick to Zidisha firm for better performance and enhance better gross margins.
The loan applied will be used to buy the following:
1. Printer - 7000/-
2. Laminator -5000/-
3. Binding machine-3500/-
4. Printing papers -7500/-
5.Add stocks on Envelopes 5000/-
6.Embossed papers 3500/-
7. Binding films- 2000/-
8. Binding spirals-2000/-
The above exceed the loan applied, therefore the difference will be topped up with existing business cash flows.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$298.00
Date disbursed
Dec 21, 2015
Repayment status
On Time
Projected term
7 months
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