Soft drinks wholesale and mpesa business

Frank

Kisii, Kenya

29% repaid

Entrepreneur

Name

Frank

Member since

April 2014

On-time repayments

290 installments  •  48%

About Me

I am Frank Zablon i come fromm a family of 5 i am the 1st born in my family .I live in kisii town near kisii Bottlers,I am a teacher and also a business man in my free times.I took my education at sameta High School and latter perused my university education at Kisii University for bachelor of education Arts .I started my business of M pesa which helps me to support my self and also my family.I started this business with a capital of 50,000 and makes a profit of 8,000 per month.I love football and also hockey.

My Business

I have a self employed business of M pesa and small shop at Kisii town just within the kisii Bus stage,i started it with a capital of 50,000 and makes me a profit of 10000per Month.I started this business to help me bpay the house bills and also support me pay my school fees while i was in school.I request to be given a loan to increase my Float in my Mpesa and also add some stocks besides the Mpesa .Theres a great demand in my business because its just around the stage and its strategically positioned,Its profitable because no much risks are involved .

Loan Proposal

I'm applying for a loan of kes 38516 around 385 us dollars... with this amount of money I intend to add 20000 from my savings so as I'll have around fifty thousand shillings with me.. out of this I'll make an order of mineral water from a nearby distillery which goes for 260 per carton.. I'll order one hundred of then at a total cost of 26000 roughly us dollars 260..with time I'll increase this stock after observing the market trend.. with the remaining amount I'll order for afia drinks.. which goes for 600 ksh a carton.. which translates to 42 cartons or 2520p ksh.. my target market will be the hawkers around the kisii town main stage. Who will buy in bulk and sell later to the travellers.. the projected sales per day will be around fortyfive cartons with a net profit of around four hundred and fifty shillings or 45 us dollars.. this will further supplement my income from mpesa services...

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$388.00

Date disbursed

Aug 5, 2016

Repayment status

Late

Projected term

41 months

Lenders

PG

Paul Graham

United States

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  • Frank    Nov 13, 2016

    I would wish to reduce my installments to ksh 200 for a shortwhile as I plan to carry some renovations on my premises

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  • Frank    Aug 2, 2016

    With the loan I'm receiving from zidisha, I'm going to purchase soft drinks which I'll sell in wholesale to the hawkers who will later sell to the consumers around the kisii bus park.. in addition to my savings I'll order for slightly over forty cartons of afia drinks and around one hundred cartons of mineral water.. with this I'm sure of making good profit and I'll be better economically... and give back to society... I in advance want to thank my zidisha lender (s) for their sacrifice which is beyond words.. I'll forever remain grateful to you.. Thanks a lot.

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  • Frank    Aug 1, 2016

    I've been funded twice by zidisha.. and this has really made a great impact in my business life.. were it not for the soft loans from zidisha I could Blythe have developed this fast.. with my last loan which I've just finished servicing, I took part of it and injected in my mpesa float and I was able to do huge transaction of up to kes. 50000..this in return translated to a tremendous increase on my monthly commission from my safaricom.. I also used the money I received to increase my stock of soft drinks and the returns have been pleasing.. all this Thanks to zidisha. Also from the profits I was comfortably able to pay for my younger siblings secondary fees for two terms amounting to 48600 KES. I look forward to further engagements with zidisha.

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  • Frank    Jul 16, 2016

    I want to increase my installment from the current 500 to 1500 Kenyan shillings.. the reason behind this is that I'm able to raise such a figure since business right now is doing relatively great and increasing my installment is somehow economical.. recently I increased my stock on soft drinks and the returns are impressive .

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  • Frank    Feb 20, 2016

    Lately business is doing good. Thanks to zidisha loan Which Is customer friendly. My stock has increased by 100% as of now. Soon planning to purchase a sizeable deep freezer for the soft drinks I sell since The rainy season is over.

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  • Frank    Jan 25, 2016

    Since business has gone back to normalcy, I feel its prudent for me to adjust my weekly installments since this equally translates to saving more by shortening the payback period.

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  • Frank    Nov 24, 2015

    Due to the heavy rains business has been low, That's why I prefer reducing the amount to 200ksh. Until business normalizes. Hopefully it's for a short-term. Thanks in advance

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  • Frank    Sep 1, 2015

    Due to planned renovations at my premises I request to lower my installments for a short while

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  • Frank    Jul 30, 2015

    Hello zidisha.. I'd like to thank you for the funds I received.. I'm making good progress that I least expected by the time of my application for funding.. I'm forever indebted to you guys.

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  • Frank    Jul 13, 2015

    I take this chance to inform you that my account has been credited with the loan i had applied for. I thank you once more for your services beyond borders. I have already ordered for four cartons of sodas going at ksh. 4600 and eight cartons of dasani drinking mineral water @2800 to be delivered by 9am tomorrow.

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  • Frank    Jul 11, 2015

    I have to say a big thanks to all my zidisha lenders.. I know I owe You a great deal for your willingness and timely assistance. What you have funded me won't go to waste. I will forever be grateful. For the funds im immediately planning to re-capitalize my business, increase my float and my stock for better returns.

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  • Frank    Jul 4, 2015

    Hi zidisha team.. I have to thank the zidisha organization for the last years loan. It was really a stitch in time.. I was able to trade with the $150 that I received and the results were amazing.. your flexibility and on time disbursement of the loan saw me through a successful period..

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  • Frank    Jun 28, 2015

    Increasing my installment from 500 to1180 is affordable by the moment and its econonical to me

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  • Frank    May 22, 2015

    After comfortably paying ksh.198 as weekly instalment for a year and business has stabilized, I feel it's time I equally increased the instalments since it will also be economical.

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  • Frank    Dec 11, 2014

    the convenience of repaying my loan is what interests me. zidisha is really moving people to the next level.

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  • Frank    May 10, 2014

    zidisha is real. it has helped me progress. hope it does so to majority of kenyans.

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