Stationery shop

Richard Kipkoech Rutto

Sotik, Kenya

100% repaid

Entrepreneur

Name

Richard Kipkoech Rutto

Location

Sotik, Kenya

On-time repayments

184 weekly installments  •  80%

About Me

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 Business

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.

Loan Proposal

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

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$293.97

Date disbursed

May 28, 2019

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: 5% of $293.97 = $13.21

Credit risk payment: $66.08

Lenders

cyrus0302

San Francisco, United States

S

SueB1

Los Alamos, United States

AltruisticSelfishnes

Chicago, United States

MarktheMormon

Sandy, Utah, United States

L

ldron7

Utah, United States

C

chrisherron

Chicago, United States

T

tonilends

catalonia is not:, Spain

rasmus

Bern, Switzerland

trevbot

Montreal, Canada

D

duckdork

De Forest, United States

Cloudways

Malta, Malta

P

pillepalle

Osnabrück, Germany

A

Austrian

Graz, Austria

K

Katehar

Maple Valley, WA, United States

R

Rachel

Vernon, Canada

J

jerryq

Redding, United States

mrgonzalo

San Francisco, CA, United States

N

NLArjan

Leiden, Netherlands

RckyMntFamily

Colorado, United States

joaoferraz

RINCHOA, Portugal

R

run426

DeBary, United States

JonB

London, United Kingdom

M

Mullagh

United Kingdom

B

bugdaniel

Switzerland

Louella

Australia

B

bscent

Hong Kong

I

idris

United States

T

Tony1

Australia

S

SuzanneD

United States

HL

Holly Laird

Austin, United States

S

Stephan

Netherlands

SK

Sebastian Krohn

Amsterdam, Netherlands

Kevin

San Francisco, United States

KD

Kent Don

United States

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Martin Nielsen

Aarhus, Denmark

Mattie Shaw

Seattle, United States

N

Nick

Greater London, United Kingdom

AH

ajay hampapur

United States

N

Nick

United States

A

Adam

United Kingdom

MC

United States

Thomas

Sweden, Sweden

L

LK

United States

V

Vyas

United States

KE

Karen Epolito

Syracuse, NY, United States

MF

Marissa Fiore

United States

V

Vidar

Oslo, Norway

D

derek

United States

I

isaac

United Kingdom

roark22

Geneva, Switzerland

United States

GA

Giovanni and Yelena

New York, Ny, United States

JA

Jan Andresen

Hamburg, Germany

JA

Joshua Axtell

United States

VC

Victor Chong

United States

Paul Buchheit

Mountain View, United States

Ask Richard a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...