Silas

Majengo-mapya, Kenya

64% repaid

Entrepreneur

Name

Silas

Member since

March 2013

On-time repayments

11 installments  •  27%

About Me

Kadenge kitsao was born in a very poor family and having the zeal to defy the odds to lead a meaningful life after finishing my olevel education and having no money to advance into education to persue my dreams of becoming a doctor i decided to venture into business to salvage my family from poverty..i started a business because i wanted to brake from the poverty circle we were entrenched into by my fore-fathers ..then an idea cropped of starting a business of selling charcoal and firewood..the business is really florishing as i usually go to the forest to go and collect the goods having taken a licence of doing the same in condition i replace every tree i cut with 10new tree planted in the area..i use the money in educating my two small brothers who are now in form three and four respectively..

My Business

i have a shop in the nearby town selling charcoal and firewood which i bring them from the forest using a very big lorry having vast network established a and having worked on the demands of my clients and customers i do make sure that customers flock for my goods as i do offer quality and nice charcoal at a very reasonable and very low prices bur still running at a large substancial profit..but now my competitors are not sleeping and are working day and night to bridge the deference in terms of quality and service delivery ..that's why am coming to your rescue to give me the loan to make sure that i acheive my dream of bringing more goods and expanding my business in terms of infrastructure. my monthly profit is 10000ksh..

Loan Proposal

the loan will be used to get more stock for my business.. although that is a very small amount and the economy is very tight i will try to make maximum utilization of the resources around me and be able to expand my business..i will repay the loan in time in order i get another bigger loan which in return will help stabilize my business and be able to satisfy my growing volume of clients and customers

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Apr 5, 2013

Repayment status

Late

Projected term

11 months

Lenders

investor

Candiac, Canada

H

hanso

Arendal, Norway

russell

leicester, United Kingdom

pentatonicscale

Niiza-shi, Japan

Namaste250

Pittsford, United States

mewesten

Waynesboro, United States

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  • Ndungu    Jan 15, 2015

    Dear lenders, I have been trying to reach Silas but she is unreachable on phone. I will try to call him or his contacts later.

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  • Ndungu    Apr 27, 2014

    Lenders,

    I spoke to Mr. Silas and according to him, he sent three installments to Zidisha but the amount was not credited to his loan account. I challenged him to send show me the text messages but he said he lost his old phone. He finally agreed to start repaying the balance on 10th May after failing to convince me that he paid the three installments.

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  • mewesten    Sep 9, 2013

    Hello Silas -- I want to say hello, and to say that I admire your great determination to succeed.
    I hope that your business is doing well for you and your family,
    and that the Zidisha loan is of some help.
    Please post an update if you possible can. I would be interested to hear from you.
    Sincerely,
    Marvin

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  • Namaste250    May 4, 2013

    Greetings Mr. Kitsao,

    You have a wonderful success story. Finishing your O levels is an accomplishment and now you have a profitable business. It gives others hope. The next loan will be soon and be of greater help in your expansion.

    Best wishes for health for your family and continued business success, Ann (namaste250)

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