Fridge for my grocery shop

Stephen

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Stephen

Member since

March 2020

On-time repayments

67 installments  •  49%

About Me

I am A Kenyan Citizen aged 28 years. I am a self motivated individual who is ready to be assisted and also assist others.
I am happy to develope myself to be at the top but not to be a failure.
I came to start my business when I was informed by a friend how zidisha assist members start the business because I never had the capital but I had the mind of starting a business in my mind.
My hoppy is reading journals especially for business news that may educate me more on issues concerning the business.

My Business

As a young Kenyan I had businesses like Chicken rearing, selling shop items, selling of water and car wash.

Due to inadequate capital currently I only have the water selling point and the mini shop for selling shop items.

In my plan if I can get more capital I would like to revive the bussinesses like car wash and chicken rearing and also I would like to add a business of growing vegetables as I have constant flowing water and a storage tank too.
Currently am selling the shop items such as sugar, bread, milk , rice maize floor and flour, soap and cooking oil.
I chose this type of business because in my area there was no near shop for clients to purchase these items as covid 19 also emerged and travelling so far was also not allowed.

Loan Proposal

The loan I am applying for , I will use it to add more stock to the business as more different commodities are required in the business.
again the part of loan I am appluing for will be used to aquire a fridge to cool the sodas and the water as now it is very hot and during the day my clients need cold drinks, this will go further by purchasing some glass bottles and the crates for holding the bottles from the cocacola agents.

Income Source

As the pandemic is concerned it is true many businesses are not doing that well but with mine, It is a business that deals with the basic commodities that is food staffs, so even if the pandemic is there food is a necessity and this will enable me sell the staffs and get money to repay my loan with.
Even if at times my weekly target is not achieved but eventually I do beat my deadline on time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.00

Date disbursed

Jul 8, 2020

Repayment status

On Time

Projected term

6 weeks

Lenders

Babbitt Family Foundation

Reno, United States

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