Supply of mechanized on wholesales to retails shop

Erastus

Mwiki Estate, Kasarani Nairobi, Kenya

100% repaid

Entrepreneur

Name

Erastus

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

5

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$685.00

Date disbursed

Nov 24, 2014

Repayment status

On Time

Projected term

4 months

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

Ask Erastus a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Erastus    Aug 1, 2016

    Dear lenders,

    Sorry for not paying your loan on time, was was robbed Ksh 150000 when I went to buy the stock for my business, I was left with nothing and have not fully recovered from the shock of this event I also lost my phone. Right now is even so difficult to feed my family and pay for other basic needs. I hope thing will be back to normal and have other ways of getting my daily basic needs.

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  • HCPSPIRIT    May 30, 2016

    Hi Erastus!

    As one of your lenders, we want to congratulate you on the success of your business and thank you for your on-time repayment!

    As part of our project to boost transparency and efficiency for a sustainable microfinance ecosystem, we would kindly ask you to join us on this trip. Simply tell us how your business is going on any social media, such as Facebook, Twitter, Instagram... and add #HCPSPIRIT to each of your post (text, pictures, videos…). Then, your post will go straight to our website here: www.helsinkicapitalpartners...

    Your voice matters to us, because we want to hear from you. Keep up good performance and we will be looking for further business partner up with you Erastus!

    Good job!

    Sincerely,

    #HCPSPIRIT

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  • Erastus    May 24, 2016

    Thanks all for participating on funding my loan looking forward to receives the funds

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  • Erastus    May 7, 2016

    Thanks all Zidisha lenders for your support, My business is doing well and hope to clear the loan soon and apply for another loan to boost my business even to greater height,

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  • Erastus    Jan 28, 2016

    The business is not doing well, I have some cash flow problem after paying most of my personal expenses

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  • Erastus    Jan 19, 2016

    Dear lenders I thought I had cleared the loan but they are still a balance , the system miss calculated my loan and I made one of payment to my account. But was issued with another balance after same few days , my effort to reduce the loan repayment have not been successful.

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    • Lotus Flower    Jan 19, 2016

      Hi, Erastus Kiragu,
      If you haven't already, please send in an *email* to "[email protected]" so someone on the
      "Kenya-MPESA Payment Team" can help you.
      Please allow up to three business days for a response.
      Thanks so much.
      Kind regards,
      Laurie
      The Zidisha Team

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  • Erastus    Dec 29, 2015

    I paid all my loan but am surprised there still a balance , kindly explain

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  • Erastus    Dec 18, 2015

    hi zidisha team its my payments are not indicated on my profile please check for me and if possible update my balance if there's. thanks for your support.

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  • Erastus    Dec 12, 2015

    Hi Zidisha team please check on your system I paid all my loan but still shows a balance which keeps on increasing , kindly assist

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  • Erastus    Dec 11, 2015

    thanks all lender and ZIDISHA Team for your support my business is doing fine and my family is a happy family because of your support, I have finished pay my loan and am looking forward for some more loan and hope you will be willing to support me

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  • Erastus    Jun 20, 2015

    Dear lenders I had a sick relative who was admitted in hospital and unfortunately dead, I was forced to pay the hospital bill which was not in my budget. This made me not to pay my Zidisha as promised, I wish to reduce my repayment to affordable amount of Ksh 2000 and promise to clear the balance in arrears very soon .

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  • Erastus    May 8, 2015

    Dear lenders I wish to reschedule my weekly loan repayment to manageable Ksh 3000 per week which I will be able to certain through out the repayment period . I hope you will bear with me.

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  • Erastus    May 8, 2015

    My business is doing good and I was able to buy new stock with the loan you gave me.

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  • Erastus    Apr 23, 2015

    Thanks all lenders for your generous contributions, I will use the money as planed to buy more goods for sale which will give me more revenue when I sell them

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  • Erastus    Apr 15, 2015

    Dear lenders I hope you are all ok, Our country Kenya is doing well dispute the terror attack at Garrisa. we kindly request you for you full support to fight this threat all over the world and make our world safe.

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  • Erastus    Apr 13, 2015

    Dear lenders

    thanks for your support and I hope my loan will be fully funded before expiry time. Thanks and have a good day

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  • Erastus    Apr 10, 2015

    Dear lenders,

    Thanks for your positive response I look forward for more funding. Please keep praying for our country Kenya so that we can stay in peace and let fight terror together it all our responsibility.

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  • Erastus    Apr 10, 2015

    Dear lenders,

    Thanks for your support, you really transformed my family life since i joined this plat form it is fantastic.

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  • Erastus    Apr 1, 2015

    Thanks John for your comment, My business is doing well because of your generous support you have been giving me. I will keep my loan payments good and support Zidisha platform to get more need people.

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  • John Altimate    Jan 7, 2015

    Hi Erastus. Well done. You are keeping a good payment record! Keep up the good work.

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    • Erastus    Apr 7, 2015

      Dear John,

      Thanks for your comments and your continuous support on my business and my family. I will always commit my self to pay on time so that my business will be funded up to the highest level.

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