80 weekly installments • 65%
My name is Richard Momanyi. I was born in Kisii county which is in the western part of Kenya. The main occupation there is farming and my parents are small scale farmers. I grew up helping them in the farm and we also used to keep some domestic animals like cows and goats.
I am married and looking forward to starting a family with of two children.
I do business in the coastal town of Mombasa city where I sell household items in a small shop. I sell items such as cooking oil, maize and wheat flour, sugar etc. I serve people who live in my neighborhood.
I make around $100 per month but I am hoping to increase this amount as I keep expanding the business. This amount will inch upwards due to continued support I am getting from Zidisha.
I need to increase my stock so as to serve my clients better. I will use the entire amount to buy more household items such as cooking fat, corn & wheat flour, sugar and tea leaves. These are fast moving items since they are used by every household in my area. This will save me time that I use making many trips to get the items once they run out of stock.
The loan will help me in my expansion plans since I need to convert my small kiosk into a large store. This is one such step towards my goal.
Pay It Forward
Dec 27, 2021
Cost to entrepreneur
Service fee: $6.16