Nicholas

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Nicholas

Member since

January 2011

On-time repayments

163 installments  •  77%

About Me

I am a man aged 50years with a wife and now 5 beautiful children.I am a businessman, runing a shop at mitimingi trading centre. I deal with consumables and non consumables. Zidisha team and the lenders have assisted me so much and improved my standard of living and that of my family. With profits from loans granted, i have taken my children to good schools and three of them are in universities now a proud to say my firstborn born daughter graduation is this December. Thanks
to zidisha lenders and entire for regular and timely loans over the years. I need another loan to boost my business and repair my vehicle which i use to transport goods at my shop.

My Business

my business deals with selling both consumable and non consumable goods. this includes food stuffs, farm inputs(fertilizers, seeds), farm tools(hoes, spades, axe), animal feeds. this business also include a boutique. the business is worth kshs 200000, and approximately makes a profit of kshs 15000 every month after paying all the bills and paying a salary of kshs 10000 to my employees. challenges in running the business are, counterfeit goods in the market but cost like the genuine good but of low quality, change of fashion, unpredictable change of foods stuff prices, high competation, poor infrastructure eg poor roads during rainy season leading to high cost of trasportion.

Loan Proposal

The planting season is around the corner and this is the appropriate time to stock my small business with seeds(maize and beans), fertilizers and farm impliments like hoes and jembes. At this time the seeds are readily available as many people are waiting for the last minute rush. I would therefore like some little assistance in terms of finances so that i take advantage of the opportunity at hand. Any help accorded to me will be highly appreciated. I hope to make profit from the sale of stock because as of now, i can manage to fully stock my shop since the prices of goods is relatively cheap. Transport is also not a problem as the rains have not started so the roads are still passable. This makes it even the best time to purchase goods and stock my shop.

Feedback

22

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$1,000.00

Date disbursed

Mar 9, 2012

Repayment status

On Time

Projected term

12 months

Lenders

Daniel

Brussels, Belgium

A

Anninymouse

Southampton, United Kingdom

d

., United States

E

Errol

Bradenton, FL, United States

A

arenk

Karlsruhe, Germany

EricDWalters

Rochester, Mn, Usa, United States

Aahz

Manchester, United States

M

MiguelGago

Guimarães, Portugal

davelowe100

Perryville, United States

cyrus0302

San Francisco, United States

J

jbrotzman11

TX, United States

Hope2012

United Kingdom

P

peterczech

Farmingdale, United States

J

jroth977

Vancouver, Canada

W

winfried

Seoul, Republic of Korea

M

mrwooz

Berlin, Germany

S E C King

Worcester, United Kingdom

M

morgenstern

Oslo, Norway

Ask Nicholas a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$820.60

Amount remaining

$0.00

Date repaid

Feb 3, 2013

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
May 9, 2012 $74.60 May 10, 2012 $74.60
Jun 9, 2012 $74.60 May 10, 2012 $1.01
Jun 9, 2012 $73.59
Jul 9, 2012 $74.60 Jun 9, 2012 $2.02
Jul 8, 2012 $72.57
Aug 9, 2012 $74.60 Jul 8, 2012 $3.04
Aug 9, 2012 $71.56
Sep 9, 2012 $74.60 Aug 9, 2012 $1.61
Sep 10, 2012 $72.99
Oct 9, 2012 $74.60 Sep 10, 2012 $2.62
Oct 8, 2012 $71.98
Nov 9, 2012 $74.60 Oct 8, 2012 $3.63
Nov 8, 2012 $70.96
Dec 9, 2012 $74.60 Nov 8, 2012 $4.04
Dec 9, 2012 $70.56
Jan 9, 2013 $74.60 Dec 9, 2012 $2.61
Jan 8, 2013 $71.99
Feb 9, 2013 $74.60 Jan 8, 2013 $49.96
Feb 2, 2013 $24.63
Mar 9, 2013 $74.60 Feb 2, 2013 $72.93
Feb 3, 2013 $1.67

Loading...