To add second clothing into my business

Francis

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Francis

Member since

February 2016

On-time repayments

216 installments  •  76%

About Me

my name is Francis Barasa , I was born in Western part of Kenya a place called Bungoma. I schooled at Machwele primary school and went to Bukembe Friends secondary school , after that I joined Sang'alo institute of science and technology but I I did not complete my education due to lack of school fees.
I am married to my beloved wife and we are blessed with two kids.
I later decided to start a small business that would enable me to provide for my family and our younger brothers and sisters from both sides. my aunt supported me with 3000 kenyan shillings of which I began small grocery that have finally grown in to a retail shop for the last five years. I am a christian by religion and I teach my kids how to grow and walk in the fear of the lord.

My Business

i sell home supplies like branded food vegetables and other retail shop accessories that are useful to the people living in my area. I buy on whole sale and sell them at retailled price. the business is good for you have to walk a long distance for you to get a nother shop. I sell my goods at a cheaper price and tha't;s why i have more customers. to some poor people i give them on credits and they faith fully pay during the a greed time.
So if supported with a loan then my area will develop properly thanks even as you prepare to fund my loan

Loan Proposal

Most customers need second hand clothing but because i don't have money to buy i request Zidisha members to lend me the money. most people from my village are poor therefore they don't afford to buy new clothes and therefore they depend on second hand clothing.second hand clothes are cheaper it will be beneficial to society because the money which they would have used to travel to town ,they will use to purchase other things.i myself i will benefit a lot because of no competition in the area .as you know clothing is basic need and therefore every one will need it .Due to that reason i expect to make better profit that is more than ten dollas per day. when fully funded i will 550 dollas to buy goods and the other 70 for transportation .ten percent of the profit i will use to help improve the living standard of the orphans buy providing them with foods

Feedback

2

None

None

  • guenter    Jan 26, 2019

    Francis payed back very well!

    Log in to reply • Share
  • Mary    Jan 25, 2019

    Hello Francis,
    thanks for repaying your previous loan. It was a pleasure supporting you again. Best wishes for continued success.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$615.00

Date disbursed

Mar 17, 2017

Repayment status

On Time

Projected term

4 months

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

PR

Paul Rausch

United States

Mary

Germany

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

MF

Mike Frawley

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

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