35 installments • 66%
I live in Kiptangwanyi shopping center which is approximately 43km from Nakuru town. Nakuru town is our nearest major town within this area. I am married with one child who is in school. I live in plot number 93 at the shopping center where I carry out my business with my family. My business entails a wood workshop at the shopping center. I make all sort of wooden furniture in my business.
My business entails a wood workshop at the shopping center. I make all sort of wooden furniture in my business.The goods that I make I sell them to residents of this areas and others I take them to nearest major towns such as Nakuru, Gilgil and Naivasha. The main challenges that this business encounters are drought which affects the market, lack of finance to expand the business and high cost of electricity.
Thank you Zidisha team,
I am grateful that I have been offered another opportunity to get a loan from Zidisha micro-finance. I have successfully repaid my loan well without any difficulty as the business is doing well. I have improved my business to a great height and the revenues that I am getting from the business are quite good. I wish to use this loan to buy two power saws for cutting timbers and also a drilling machine.
Nov 23, 2013
Cost to entrepreneur
Lender interest: $2,357.27 at 7.53% annual rate over 24 months = $365.36
Service fee: $169.24