Githurai Mwiki, Kenya
184 monthly installments • 42%
I am married and blessed with two children who are primary school. I own & operate a fast food shop in a public place thus earning a living from it. The business has been approved by the various government officials because of it's nature & impact to the local community. My wife is employed at a beauty shop in the city center hence the total revenue from my business & for my wife is used for upkeep & savings so that we can start IT business by offering various services to the public because my wife has adequate skills & experience to run & manage IT business.
Compilation of public toilet which is under construction am already operating two public toilets within Githurai bus stop which has brought great impact to me,my family and the community.Through zidisha lenders we have managed to secure to public toilets which are operational and are able to pay for the loan.The loan will cater for purchasing of iron sheets,toilet basin,sink for washing hands,tiles for the floor and equipments & tools for daily cleaning of the toilets.Our community has been experiencing this problem for quite some time but thanks to zidisha lenders one will be able to access a call of nature with small fee which will maintain the premise and help paying the loan.Estimated budget is 550 dollars to 600 dollars for the completion of the project.
The Zidisha loan will be used to expand my business and this will be through purchasing of potato chopper machine at Kshs 5000 and more plates at Kshs 1000 and half a sack of potatoes at Kshs 1000. This will enable my business to expand hence meeting the needs of the growing customers. This will enable my business to expand hence increase profit. I will ensure to repay the loan on time as proposed.
May 21, 2013
Cost to entrepreneur
Lender interest: $97.32 at 2.69% annual rate over 10 months = $2.33
Service fee: $97.32 at 5% annual rate over 10 months = $4.33
Upon joining Zidisha, Duncan paid a lifetime membership fee of $8.86.