Stock the shop

George

Nakuru, Kenya

100% repaid

Entrepreneur

Name

George

Member since

August 2012

On-time repayments

121 installments  •  81%

About Me

My name is George Nyakundi Siko . I am a family man with five children.
I come from Bahati area as you travel along Nakuru/Nyahururu road as you reach Jomo Kenyatta High School you go to the next stage called Mwisho wa Lami. You alight at that stage and just ask for George’s Shop you will also see the shop on your right hand as you alight. The plot is in the shamba plot no2625.
I was born in Bahati area where I started school in the same area , in a school called Ourlady of Fatima Primary School. After completing my education I started helping my parent in farming business and then I started small business which have grown to a big business today. when I started the business I could sometime fall short of the commodities but I used to even travel far and wide to look for the missing commodities e.g maize or maize flour.

My Business

I have a shop where I have stated at Mwisho wa Lami stage. I sell different types of commodity rage from food stuffs and other goods. I get about 25000 per month and annually is about 300000. I also do farming where I get about 200000 per year. So the total annual income is about 500000. I use the amount to buy new stock for the shop pay school fees for my children and also pay for my other bills.
I operate a general shop where i live at Mwisho wa lami . I sell different types of commodities e.g. food stuff like maizee flour , all types of cereals and other house hold goods. With the profit i get from my business i pay zidisha loan , pay school fees for my children and last time i bought i motor bike and also i use the remaining for home improvement.

Loan Proposal

i would use the loan for buying a new stock in the shop and also replace the one which have already finished. this is a harvesting season in our area and the money will help me to buy maize and beans which grow around my area and that will be minus transport cost because it just around my area and some customer do bring to my shop. this mean i will make a good profit in return.Once again thanks Zidisha lenders for the good work.

Feedback

4

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Loan Info

Project Type

Classic Loan

Disbursed amount

$748.01

Date disbursed

Oct 10, 2015

Repayment status

On Time

Projected term

14 months

Lenders

Paul Buchheit

Mountain View, United States

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  • Janice    Apr 30, 2020

    Mr. George will update his loan account this weekend. Thankyou

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  • Eunice Atieno    Apr 16, 2020

    He is still committed to pay his remaining loan balance and update his zidisha account.

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  • Deryl    Mar 8, 2020

    George is actually in a financial crisis,and he said that he is looking forward to completing the loan payment , thank you.

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  • George    Jan 27, 2020

    i would like to adjust the installment to be 2000 per week due to the slow down of business.

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  • Mary    Dec 29, 2019

    Thank you George for your continued effort in repaying your Zidisha loan. It is appreciated. Wishing you a Happy, Healthy, and Prosperous New Year! Mary

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  • George    Dec 9, 2019

    i will not be able to pay the whole amount my business have not picked up as I hoped so i wish to be allowed to Kes 2000 for 5 installment

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  • George    Oct 25, 2019

    i would like to reduce the installment to 2000 because my business still slow and it has not gone up hoping after those days may be my business we increase.

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  • George    Sep 14, 2019

    my business have not yet pick and this time is back to school so whatever i am getting is being divided into two, loan and school. please bear with me and allow me pay kes 2000.

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  • George    Jul 29, 2019

    My business is low at the moment

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  • Mary    Jul 14, 2019

    I hope your business is growing George. Please reduce your Zidisha payments of you need to. It is better to make smaller payments on time rather than miss payments.

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  • Pheobe    Jul 8, 2019

    George siko promises to continue his repayment soon

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  • George    Jun 12, 2019

    i received amount of kes 62,729
    I bought the following goods:-
    Maize 10 bags @ 2500 25,000
    Beans 5 bags @ 3500 17,500
    Rice 50kg 10 bags @ 2500 25,000
    Sugar 50kg 10 bags 3500 35000
    Total 102,500
    i thank the lenders for the loan.

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  • George    May 30, 2019

    thank you lenders for raising the loan.
    i will buy maize for 500
    beans for 500

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  • Margaret    May 26, 2019

    Good luck George with your new loan!

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  • Mary    May 18, 2019

    I hope you can continue to grow your business George. Zidisha is a wonderful tool to help a business owner like you !

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  • Caleb    Mar 30, 2019

    i wil expand my business

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  • George    Feb 16, 2019

    i will buy maize and beans to stock my shop which i will sell later
    maize - 50000 Kes
    beans - 50000 Kes
    total 100000 Kes

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  • Brian    May 24, 2016

    Hi lenders George Siko insists that he still does not how this all works even after explanation i wish we could do morr to make him understand.Thank you!

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