Symphy wines and spirits

Paul

Nairobi, Kenya

100% repaid

Follow Paul

How it Works

Entrepreneur

Name

Paul

Member since

January 2015

On-time repayments

197 installments • 39%

About Me

I went to a primary school in a remote village in West Pokot before joining secondary school in 1994. I later joined Moi University, Coast Campus before settling on doing business.
I have been in business for sometime, I started with a chicken sales, moved into poultry then started a car wash business. This is what has brought me this far, I used my third and fourth loans to start and stabilise the carwash business by purchasing a new machine.
I have also managed to buy new tires for my cab and service it regularly because it helps me in paying Zidisha loans.
I still look forward to getting a second car through a loan. With car hire, I have been able to make up to Sh3,000 on a good day in Mombasa.
I plan to use my next Zidisha loan to put up a spirits business in Malindi and open up another carwash business in Lunga Lunga, at the border ok Kenya and Tanzania.
I know this will earn me some better income to be able to consistently service my loans.
I believe if I complete this loan then I will be able to own a fleet of cabs as time goes by.
Once again, many thanks Zidisha team.

My Business

I am happy to have completed repaying my previous loans,this my sixth loan,successfully paid.I have already rehabilitated the building where I plan to set p the wines and spirits business. It is a very strategic place and I am quiet sure I will be able to repay the upcoming loan just like I did with the past ones.
I plan to invest Sh70,000 in the opening stock and later top up another Sh30,000 to give it a Sh100,000 worth opening stock.
I plan to use the balance from the loan to do a few legal requirements, especially the paperwork. Wines and Spirits business is quiet lucrative and I believe it will subsidise my income on the taxi fleets.
business.Once again,i believe it's doable and with Zidisha, financial discipline is the order.Thanks

Loan Proposal

I plan to establish the first Wines and Spirits shop in Majaoni and Lunga Lunga towns, I will also use part of the loans to complete a section of the unfinished room, which I will use as the wines and spirits shop.
I have done well with my current businesses and I can see greater prospects in the new establishments, the carwash business has helped me pay my school fees and clear some of my depts. This has been subsidised by the car hire business, my car is in good shape and I still hire it out for Sh3,000 per day.
I believe that diversification in business also reduces risks and increases opportunities.
I believe Zidisha was not an option since I begun small and now I am able to grow my business.
Maybe soon I will open up a butchery and do a hatchery.
For now, I'm interested in the wines and spirits business and I know this has a high potential of propelling me to the next level.