Supplies of stationaries in schools

Austine

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Austine

Member since

April 2014

On-time repayments

74 installments  •  14%

About Me

my name is austine oduor omondi 32am married with three kids aged between 8 and 2years i reside with my family in nkoroi rongai about 20km from nairobi cbd.After high school I joined prisons staff training college[PSTC]where I served for 7years as aprisons warder.Afterwards I decided to try my hand in business which in the beginning it was very challenging and hostile but with the help of a few friends I had to do what was necessary since I was out of employment and I had to support my young family.My business entails adding value to a particular business and sell it later at a higher fee thereby making a profit,in a nut shell we are three in my business and we work as a team where by we identify in a business the unexploited potentials which can improve that same business in terms of service delivery and efficiency and once everything is done accordingly we improve the value and when we sell the business we realize the much needed extra income to move to the next level.Our business is situated at the CBD where opportunities are enormous,i have literally seen the business grow tremendously from little capital of about 170dollars to our current state.In agood week we are about to make about 650dollars which forms our source of income and livelihood.One of the major challenge we have is inadequate funding from financial institution but when we occasionally gets the funds the rates are far much higher which has limited our borrowing so when a friend introduced me to zidisha sky is the limit coz we have been able to supply stationeries to schools with a lot of ease.Our tastes varies and during my free time I listen a lot to rhumba music.

My Business

my name is austine oduor omondi 32am married with three kids aged between 8 and 2years i reside with my family in nkoroi rongai about 20km from nairobi cbd.After high school I joined prisons staff training college[PSTC]where I served for 7years as aprisons warder.Afterwards I decided to try my hand in business which in the beginning it was very challenging and hostile but with the help of a few friends I had to do what was necessary since I was out of employment and I had to support my young family.My business entails adding value to a particular business and sell it later at a higher fee thereby making a profit,in a nut shell we are three in my business and we work as a team where by we identify in a business the unexploited potentials which can improve that same business in terms of service delivery and efficiency and once everything is done accordingly we improve the value and when we sell the business we realize the much needed extra income to move to the next level.Our business is situated at the CBD where opportunities are enormous,i have literally seen the business grow tremendously from little capital of about 170dollars to our current state.In agood week we are about to make about 650dollars which forms our source of income and livelihood.One of the major challenge we have is inadequate funding from financial institution but when we occasionally gets the funds the rates are far much higher which has limited our borrowing so when a friend introduced me to zidisha sky is the limit coz we have been able to supply stationeries to schools with a lot of ease.Our tastes varies and during my free time I listen a lot to rhumba music.

Loan Proposal

my name is austine oduor omondi am married with three kids i reside with my family in nkoroi rongai about 20km from nairobi cbd my two older kids school at nairobi west and the young one is 16 months old am in supplies business majoring in photocopying papers i decided to venture into business as i wanted to have full control of my finances the business has grown tremendously but i have had challenges in terms of trying to expand my business which i hope with the help of zidisha am optimistic i would be able to handle the challenges on average i make about 160dollars in agood weeek i have been experiencing another challenge of competition but it has helped me alot in terms of delivering the services to my customers during my free time i listen to music alot

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

May 19, 2014

Repayment status

On Time

Projected term

5 weeks

Other loans

Lenders

D

DrFeelGOOD

San Jose, United States

Sarasota

Sarasota, Fl, United States

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