Richard Kipkoech Rutto
184 weekly 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 funds got from Loan will be used to ADD STOCKS with my existing registered business namely STAGGE COMMUNICATION.
The following are the stocks
1 P/papers 50reams @300- 15000
2. Envelopes A4 5bale @250-1250
3 Crystals pen 20pkt @750-15000
4. Pencils 80pkt @600 - 4800
5. Lamin films 5rms 1600- 8000
May 28, 2019
Cost to entrepreneur
Service fee: 5% of $293.97 = $13.21
Credit risk payment: $66.08