To help stock my kiosk with household items

Richard Momanyi

Mombasa, Kenya

13% repaid

Entrepreneur

Name

Richard Momanyi

Location

Mombasa, Kenya

On-time repayments

80 weekly installments  •  65%

About Me

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.

My Business

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.

Project Proposal

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.

Feedback

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Project Info

Project Type

Pay It Forward

Disbursed amount

$77.02

Date disbursed

Dec 27, 2021

Cost to entrepreneur

Service fee: $6.16

Backers

Rahab Muriithi

Mombasa, Kenya

Larry Goodnews

Lagos, Nigeria

AC

Andrew Crawford

Hamburg, Germany

JT

Jennifer Todd

United States

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