Entrepreneur
Name
Domnic
Member since
July 2014
On-time repayments
216 installments • 22%
About Me
Im domnic Obado aged 36yrs.male,leaved in kisumu kenya.have atained certivicate of secondary education,but went through hardship where by my mother use to pay my school fees through vending vegetables.business Im doing right now I started it by 2 lamps that I used to give my neighbour 1 lamp so that his children could read and do their homework at night.When the next neighbour so that light he approach me to give him the last lamp I remained with and pleaded with me,he even proposed that he will be giving me some little payment daily if I given out that lamp to his childern.I got it quite interesting and bought some 2 lamps after borrowing small money from my uncle,looked for some neigbours to give the lamps for a small fee but failed.tried the vegetable vendors and they took the lamps,right now there is demand for more lamps
My Business
I have some solar lanterns that I do take to local business vendors every sun-set for a small fee daily (hire basis),come every morning I do collect the lamps for recharge.the solar lanterns I have at the moment are still less because the demand is increasing.there is no electricity around the area,so I got much interest and try to make sure that every vendor has got some light.by getting something small I will be able to give my children better education,and to build a better house.Now thinking to get someone to help me distribuit and colleting the lamps everyday.
Loan Proposal
Hi zidisha team,my first loan boosted my income and I would like to apply for anoteher loan to add more solar lamps to my business due to rising demand of the solar lamps in the local makert.so I was requesting another loan fund of USD 116.63 to add five more lamps into my business,each lamp cost USD 20.Initially I had 3 three lamps in my busines of I do charge USD 0.24 per usege per night fall, with aquired loan from zidisha team I added 3 lamps to the stock so by now I have atotal of 6 lamps.by addiding 5 lamps I wiil having a total of 11 lamps that means that my incme will increase by 50% and it will eradicate the usege of kerosine lamps that produce smoke which is harmfull to human health,also to avoid kerosine pouring to the selling vegetables.thank you very much.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$109.00
Date disbursed
Mar 16, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
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