Supply of mechanized on wholesales to retails shop

Erastus Kiragu

Mwiki Estate, Kasarani Nairobi, Kenya

100% repaid

Entrepreneur

Name

Erastus Kiragu

Member since

April 2013

On-time repayments

162 installments  •  59%

About Me

I am married with four children of 14 years, 10 years, 7years and 4 years.. I did my primary education in the year 1992 and after that I was employed as a cowboy in the home village then I move to the capital city Nairobi for greener pasture in the year 2004 were I worked as a casual labor up to the year 2008 where I started a business of a small food Kiosk in Mwiki Shopping Center. Then I moved to business of providing transport services in Utawala shopping center and hawking house hold merchandise on wholesale.

My Business

I started a business of a small hotel in Mwiki shopping center in the year 2008 and the business was not doing well, In the year 2011 I started the business of selling household merchandise such us plastics ware, glassware, and many assorted goods to small shop in mwiki shopping center and Utawala and I also provide transport services of caring passenger using my motor bike where I make Ksh 15000 per month and Ksh shillings 10000 from the business of selling the assorted goods. This money I use to pay for my children school fees and some invested back to the business for expansion. The main challenge for this business is lack of enough capital to purchase more goods in bulk so that I may enjoy good trade discount thus make good profit and make goods available for my customer affordable. Zidisha fraternity I request you to assist me achieve my dream by funding my business for faster growth.

Loan Proposal

Dear lenders thanks for all the loans you have advance to me, It has really help me and my family to grown financial and I wish now to apply for a USD 700 to help boost my business of supply of mechanized on wholesales to retails shop in my local village along side my motor cycle transport business. I will buy with the money sweets, sugar, cooking fats, soaps, detergents and many more products to supply them in the near by shops. this will earn a good profit which I will be able to pay the loan on time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$683.88

Date disbursed

Nov 24, 2014

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Lender interest: $683.88 at 9.62% annual rate over 4 months = $27.65

Service fee: $10.51

Lenders

investor

Candiac, Canada

COOPITALIST

Toronto, Canada

J

JBosshardt

Redmond, United States

F

faical

Cologne, Germany

P

PlutusNOR

Trondheim, Norway

Kysera

Crawfordsville, United States

J

jjonas

berlin, Germany

F

fisaire

Ithaca, United States

athomas

Chevy Chase, United States

A

argos

Zurich, Switzerland

McJulio

New Jersey, United States

ads68

Melbourne, Australia

L

leeirel

Edmonton, Canada

basicus

Cairo, Egypt

sarna

Toronto, Canada

Bobrm2k3

Charleston, United States

Cricketca

San Jose, United States

Zal0m0n

Atlantis!!!! x), Mauritania

H

howard

Vence, France

V

Volpone

Geneva, Switzerland

M

Mieli

Kotka, Finland

C

cranejoad

cazenovia, United States

markpearson

Portsmouth, United Kingdom

H

Haavard

Bergen, Norway

O

ormung13

Christchurch, New Zealand

Evan Lamos

Brussels, Belgium

sderickson

Berkeley, CA, United States

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

G

geoff

United States

M

meric

Australia

Paul Buchheit

Mountain View, United States

J

jay12

Germany

larry

Sweden

A

ajayhk

San Jose, United States

C

cha1mers

United States

Mikers

Netherlands

S

stryker75

United States

M

MigwiK

Brecht, Belgium

J

JessicaAna

Maputo, United States

KM

KHS Microfinance

Tampa, United States

John Altimate

Staffordshire, United Kingdom

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