Timber and iron sheets for construction of a rental house
Barnabas
Busia, Kenya
100% repaid
Entrepreneur
Name
Barnabas
Member since
January 2014
On-time repayments
289 installments • 63%
About Me
Hi Zidisha team! May I take this opportunity to thank you for the loans I have received so far from Zidisha. They have made my life change for the better. My name is Barnabas Mubasu Wesonga. I am the second born in a family of six. I live in Airstrip estate, which is found in Busia town along Busia-Kisumu Highway. I have changed my work, so currently I work as a ward administrator for Marachi Central Ward in Busia County. I worked hard during my school days, and currently I hold a degree: a Bachelor of Arts (Communication and Media Technology) with Information Technology from Maseno University.
I operate a classic barber shop and a hardware store. I started my businesses because I wanted to make an extra coin as well as create employment opportunities for the youth that I have employed in my businesses. I live in a country where everyone is struggling to make ends meet in life. I want to make sure I invest for my grandchildren so that they don't struggle much in life. I have an interest in helping deprived, excluded and vulnerable children and youth, so I take part in sensitizing the youth to avoid drug abuse and live responsibly.
My Business
Currently, I own a classic barbershop and a hardware store. The barbershop is in high demand because everybody wants to look smart and beautiful. For the hardware store, Busia County is rapidly developing, creating a high demand for building materials. I decided to be part of the solution by providing affordable construction materials as we aim at achieving the goals set for Vision 2030. My major expenses include rent for the businesses, electricity bills, licenses and wages for my casual employees. My revenues are profit and the money paid for the services received. I use my profit to pay school fees for my brother and daughter, pay rent for the businesses, purchase more stock, and support my parents and the community.
Loan Proposal
Dear lenders,
Once more, thank you for your continuous support. I have applied for another loan again to enable me complete my ongoing construction of a rental house. In Busia town, there is housing problem, and since it has been made County Headquarters, things may worsen if we as the youth don't become innovative. Through my savings from taxi business and pool business, and earnings, I was able to acquire a plot in town, and now I am building a rental house. Things have become tough when I realized I had run out of cash. But then I knew Zidisha would save me put a roof to the building. Iron sheets cost Kshs. 60000 (USD 666) while timber costs Kshs. 30000 (USD 333). I will get revenue from rent if the house is complete, a part from solving housing problem in Busia town. Rent in Busia for such a big house is about Kshs. 10,000 per month. Through my taxi business, I make approximately Kshs. 2000 a day for five days a week, so I will be in a position to repay my loan. Thanks in advance for your support to me and many.
About Me
Hi Zidisha team! May I take this opportunity to thank you for the loans I have received so far from Zidisha. They have made my life to change to the better. My name is Barnabas Mubasu Wesonga. I am the second born in a family of six. I live in Airstrip estate which is found in Busia town along Busia-Kisumu Highway. I have changed my work, so currently I work as a ward administrator for Marachi Central Ward in Busia County. I worked hard during my school days and currently, I hold a degree of Bachelor of Arts (Communication and Media Technology) with Information Technology from Maseno University. I operate a classic berber shop and a hardware. I started my businesses because I wanted to make an extra coin as well as create employment opportunities for the youth that I have employed in my businesses. I live in a country where everyone is struggling to make ends meet in life. I want to make sure I invest for my grand children so that they don't struggle much in life. I have an interest in helping deprived, excluded and vulnerable children and youth, so I take part in sensitizing the youth to avoid drug abuse and live responsibly.
My Business
Currently, I own a classic barber shop and hardware. The barber shop is on high demand because everybody wants to look smart and beautiful. For the hardware, Busia County is rapidly developing hence creating a high demand for building materials. I decided to be part of the solution by providing affordable construction materials as we aim at achieving the goals set for Vision 2030. My major expenses include rent for the businesses, electricity bills, licenses and wages for my casual employees. My revenues are profit and the money paid for the services received. I use my profit to pay school fees for my brother and daughter, pay rent for the businesses, purchase more stock and support my parents and the community.
Loan Proposal
Dear lenders,
Once more, thank you for your continuous support. I have applied for another loan again to enable me complete my ongoing construction of a rental house. In Busia town, there is housing problem, and since it has been made County Headquarters, things may worsen if we as the youth don't become innovative. Through my savings from taxi business and pool business, and earnings, I was able to acquire a plot in town, and now I am building a rental house. Things have become tough when I realized I had run out of cash. But then I knew Zidisha would save me put a roof to the building. Iron sheets cost Kshs. 60000 (USD 666) while timber costs Kshs. 30000 (USD 333). I will get revenue from rent if the house is complete, a part from solving housing problem in Busia town. Rent in Busia for such a big house is about Kshs. 10,000 per month. Through my taxi business, I make approximately Kshs. 2000 a day for five days a week, so I will be in a position to repay my loan. Thanks in advance for your support to me and many.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$596.00
Date disbursed
Jun 11, 2015
Repayment status
On Time
Projected term
12 months
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