204 installments • 22%
I live in kiptangwanyi shopping center which is approximately 45km from Nakuru town. Nakuru town is our nearest major town within this area. I am married with two children who are all school. I live in my own plot at the shopping center where I carry out my business. I live in plot number 87with my family. My business entails the service of welding and metal work at the shopping centre. With the place having electricity the business is good and I have a lot of customers from the shopping center and also within the environment.
My business entails the service of welding. I offer this service at the shopping centre . I weld all sort of metallic equipments. I also make ready made items such as doors, windows and metallic gates. The main challenges that this business encounters are lack of finance to expand the business and fluctuating prices of fuel which adversely affects the whole of transport industry and this in return affects the energy industry which provides us with electricity.
Thank you lenders and all Zidisha stakeholders. I am doing fine and the business is doing well despite challenges here and there. I have been able to clear my loan which has been of very great importance in my business. I am now applying for the second loan which I hope to use to purchase several machines for my business. I hope to improve my business more with this second loan. Thank you alot.
Nov 15, 2013
Cost to entrepreneur
Lender interest: $492.67 at 8.47% annual rate over 12 months = $41.96
Service fee: $17.28