Tamarind Grocery Store

Louis

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Louis

Member since

February 2014

On-time repayments

186 installments  •  61%

About Me

I farm chicken, cattle, goats, geese and ducks. I also grow vegetables for income. I started my business three years ago. I did so to support and educate my siblings and to fend for myself. I contribute to community initiatives like fees for the poor and also to fund economic empowerment projects. Earnings are also used to buy crop impliments, animal medicines, to cater for bills and expenses too. I will expand my herd, increase acreage under crop production and earn more from the work of my hands.

My Business

I started my business in 2010, its now 11 years since i started the business. i raise and sell chicken, cows, goats, geese and ducks. I also grow vegetable crops. I sell breeding and mature bulls and heifers, eggs, hens and cocks, geese, duck and crop at a profit, usually double or more eg capital of 30,000 gives returns of 65,000 net. My business has no inhibiting competition as the market is far from being saturated and is very profitable since it gives you double of what you input every month. At the moment the only risk is lack of water but I will invest on a big water tank and water pump to cut down risks. I will use the loan to invest in the business and am sure to repay it in very few days.

Loan Proposal

The facility would be used to do three things.

1. Increase operational capital by 70 USD
2. Increase inventory by 20 USD
3. Acquire equipment worth 50 USD.

Operational capital has been a challenge, as most items need to be restocked before they are completely over. With this facility, this will be sorted out.

We have received a lot of enquiries on new products which we hope to introduce. This would widen revenue.

We plan to procure equipment for blending juices. This would make use of fruits which are overipe and by adding value on fruits, it would mean more business.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$140.00

Date disbursed

Sep 19, 2018

Repayment status

On Time

Projected term

5 months

Lenders

CJ

Clarissa joshua

United Kingdom

N

Nick

United Kingdom

Ask Louis 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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  • Shellemiah    Dec 8, 2021

    he had some challenges financially but he's able to make payment soon by the weekend

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  • Daniel    Oct 28, 2021

    have spoke to Mr Agina and he has promised to make the payment over the weekend

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  • Louis    Sep 19, 2021

    Just received additional purchased items , setting up additional structures.

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  • Louis    Sep 11, 2021

    Hi Paul, thanks for being interested and funding our project

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  • Louis    Sep 16, 2019

    The last facility was well utilised. It had a positive impact and I'm very grateful.

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  • Louis    Jan 18, 2019

    It's need a lower instalment

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  • Collins    Nov 22, 2018

    hi zidisha, i have frequently contacted mr Ogina. he has reduced his installments and promise to pay the missed ones to keep in track.

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  • Louis    Nov 15, 2018

    I wish to reduce repayment amount

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  • Louis    Sep 18, 2018

    Thank you both Tobias and Seth.

    Your credit will go a long way in building a sustainable business.

    Will keep you updated

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  • Louis    Sep 16, 2018

    The previous facility was very helpful in increasing stocks.

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  • Louis    Aug 24, 2018

    Business has improved allowing me to complete payments

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  • Louis    Aug 19, 2018

    There's some improvement in stocks, all thanks to the Zidisha facility.

    Much appreciation to lenders

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  • Louis    Jul 28, 2018

    Weather has affected business

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  • Louis    May 11, 2018

    I'm now able to increase inventory of the store,

    Thanks lenders

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  • Louis    Mar 8, 2015

    Dear lenders, due to losses and drought I can not pay 1100 a week anymore. I will increase the amount once things look up.

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  • Louis    Jan 4, 2015

    I am greatful for what Zidisha has improved in my business. I had little faith in online crowdfunding but I am now evidence that such things exist and ACTUALLY work!

    I am in a position to pay a higher instalment amount. I want to repay my loan in the shortest time possible with as much ease as possible.

    Happy new year to my awsome lenders.

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  • Louis    Dec 26, 2014

    Dear lenders, fortunately things hjave brightened up and business has been booming. 'zidi' in Swahili means 'increase' and 'zidisha' loosely translates to 'increase by someone for somebody else';am grateful 'Zidisha has lived up to its name'.

    To my lenders, have a merry christmas and thank you for trusting me with your money

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  • Louis    Jun 22, 2014

    Hallo dear lenders! I hope you are all fine. I got a Zidisha loan from you kind people of 150USD and I remain grateful. My business also benefited a lot from the same.

    I have remained commited to repaying my weekly so that others can also benefit from Zidisha.

    Unfortunately, I am finding it difficult to continue paying the weekly instalments at the current Ksh.200.

    Therefore, I take this early opportunity to inform my lenders of this turn of events.

    I will continue to make weekly instalments so as to fully repay the loan.

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  • Louis    Mar 30, 2014

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  • Louis    Mar 30, 2014

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