Alphazad Mutemi

Thika, Kenya

100% repaid

Entrepreneur

Name

Alphazad Mutemi

Member since

September 2013

On-time repayments

331 installments  •  14%

About Me

Am Alphazad Kyalo An Accountant by profession and Iive near in Makongeni Estate Thika.I work at Njimia Phamaceuticals as a Branch Accountant in Thika.I am planning to Start a Cosmetic business by the end of this month,and i believe i will have the potential of Making an extra income.I have been triggered by the presence of market Niche in this Business at the area where i want to start the business which i have purposed to curb.When the business picks i am planning to open several subsidiaries in different towns like meru and mwingi.My Pilot area of the business will be Kenol Town near Thika on your way to Meru.Through my business am planning to provide employment opportunities to youth menbers as a part of social responsibility to the society.I am greatful to zidisha organisation for their noble support.

My Business

I Am very grateful for the support that you are willing to offer me.Am seeking Zidisha lenders to lend me money so that I can expand my general shop business which I have recently opened in Mwingi area just after Thika. area, I will supplement and restock my business and make sure all the necessary commodity are available to make my business a one stop shop for all my customers in the area. As one of my strategic plans am planning to distribute Coco-cola products in the near future. Through the earnings I will ensure timely repayment of my loan in order to regularize my account and increase my credit limit .My monthly expenses would include the following;Rental expense,Salaries to the employees,Electricity,Licenses which will be paid on an Annual Basis and Transport Costs.

Loan Proposal

Thank you very much lenders for allowing me to post a loan application. Am very grateful for the support that you are willing to offer me.Am seeking Zidisha lenders to lend me money so that I can expand my general shop business which I have recently opened in Mwingi area just after Thika. area, I will supplement and restock my business and make sure all the necessary commodity are available to make my business a one stop shop for all my customers in the area. As one of my strategic plans am planning to distribute Coco-cola products in the near future. Through the profits I will assist my parents who are peasant farmers in the area and also my young siblings. I humbly thank you Zidisha organization and all lenders may God enlarge your territory and bless you all.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$49.87

Date disbursed

Nov 26, 2013

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $49.87 at 5.00% annual rate over 2 months = $0.54

Service fee: $0.40

Lenders

G

GCAsmus

Minneapolis, United States

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