This zidisha loan will be used to boost my business by purchasing more stock and this is as follows brake cylinders at k...
Peter
Githurai Progressive, Kenya
84% repaid
Entrepreneur
Name
Peter
Member since
January 2014
On-time repayments
9 installments • 22%
About Me
I am born in a family of eight children and I have grown up in Limuru.After completing my education, I moved to Nairobi to look for a job.
I am married and blessed with one child hence my wife runs a green grocery shop while I run and manage garage at Githurai.
I reside in Githurai Progressive with my family and we started the two business to sustain us because I real love doing business and getting job in Kenya is hard.My profit is used to meet our needs and also saving to expand the business and invest in better education for our child. We intend to expand our family business into a big enterprises.
My Business
My business is based at Githurai terminus and it has been in operation for the past four years. My business involves buying and selling vehicle spare parts and customers like my business because most of the time I have the right spares and also good communication skills but the biggest challenge I have sometimes I don't have the right spare part required by the client hence lossing on the business thus I kindly request zidisha community to entrust me with a loan to expand my business and stock most of the items.
My average monthly sales is approximately kshs 55000 and the average monthly expenses is kshs 39000 hence profit is approximately kshs 16000. I will use my savings to repay the loan to avoid exerting pressure on the business as I would like to see it grow to a big enterprise that can carter for most of the needs of my client.
Loan Proposal
Thanks for considering to support my business by extending zidisha loan to me hence through your support I will be in position to expand my business by purchasing brake cylinders at Kshs 4500, oil filters at Kshs 4000 and rollers brake lining at kshs 4000. This will increase the stock of my business hence my clients will be in position to get the products at my place hence increasing my revenue. I will ensure to repay on time and also keep you posted on the progress of the business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Feb 3, 2014
Repayment status
Late
Projected term
2 months
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