Duncan Nzangi

Githurai Mwiki, Kenya

100% repaid

Entrepreneur

Name

Duncan Nzangi

Location

Githurai Mwiki, Kenya

On-time repayments

184 monthly installments  •  42%

About Me

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.

My 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.

Loan Proposal

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.

Feedback

4

None

None

  • jan73    Aug 5, 2015

    Dependable, trustworthy, committed, problem solver and citizen. It's an honor to have an opportunity to invest in your project.

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    • Duncan Nzangi    Aug 5, 2015

      Thank you! very much for your support and the loan.I promise to pay the loan on time,thank you once again for trusting me and lending me..

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  • howard    Aug 5, 2015

    Again an excellent repayment, Duncan. Thank you very much.

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    • Duncan Nzangi    Aug 5, 2015

      Howard,thank you very much for supporting me with this loan and i will commit myself to repay the loan on time.Thank you once again for the quick response and look forward to work with you in future.

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  • Brian    Sep 12, 2014

    Paid back in full, several weeks early. Well done, Duncan! I will watch for your future loans, and be pleased to lend to you again.

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  • howard    Sep 12, 2014

    Thank you, Duncan, for your excellent repayments, even ending early.

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    • Duncan Nzangi    Sep 13, 2014

      Dear lenders
      Thank you for supporting my loan and request you to fund me the loan and i promise i will pay on time.Thank you all for your generous contributing and funding it is really changing my life,my family and my community.

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Lenders

Sundstroms

Falun,  Sweden

arnljot

Oslo,  Norway

A

Adriano

Sittard,  Netherlands

B

BassFamily

Tremonton,  United States

S

solarkismet

Logan,  United States

Loan Info

Disbursed amount

$97.32

Date disbursed

May 21, 2013

Repayment status

On Time

Projected term

10 months

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.

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