Evans Ombasa

Kiptangwanyi, Kenya

100% repaid

Entrepreneur

Name

Evans Ombasa

Member since

July 2012

On-time repayments

37 installments  •  22%

About Me

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. I live in my own plot at the shopping center where I carry out my business. I live in plot number 30B with my family. My business entails the purchase and sale of hardware materials. I deal with sale of mostly building and construction materials.

My Business

My business entails the sale of building and construction materials. I buy most of the materials in Nairobi and therefore sell most of my products at a relatively cheaper prices compared to my competitors. 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 results in increased prices of the commodities that I sell.

Loan Proposal

Thank you lenders and Zidisha team for giving me another opportunity to get a loan from Zidisha,
I am grateful that the first loan that I got from Zidisha microfinance was of very great help.My business at the moment is doing well and I am hoping to do great with this second loan. I hope to increase more stock in my business and also to introduce new products that are not easily available at the moment in my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$486.89

Date disbursed

Dec 15, 2013

Repayment status

On Time

Projected term

24 months

Cost to entrepreneur

Lender interest: $486.89 at 11.23% annual rate over 24 months = $113.91

Service fee: $35.81

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