To buy plastic chairs for my food kiosk

Deryl

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Deryl

Member since

October 2017

On-time repayments

115 installments  •  64%

About Me

Hello,
My names are Deryl Wasonga, I was born in Kisumu County in the Republic of Kenya. I attended both my primary and secondary education upcountry but due to Lack of finances i was unable to continue with my education. I have other siblings that also depend on me and my parents to provide them with daily up keep including payment of there School fees so that they complete there secondary Education.
I have been working in in small Cafe where i gained the skills to prepare and sell snacks. Even though the money i was paid wasn't enough to pay all my bills, i still managed to save some money and now i have a small Kiosk where am preparing and selling Snacks.

My Business

My business deals with food retail, I cook chapatis, mandazi and other snacks which I supply to local retailers, sell to offices and sell from my small Kiosk. I recently renovated my Kiosk and bought 7 new plastic chairs with proceeds from Zidisha Lenders to accommodate more customers.
The profit margin always depends on the amount of snacks am able to sell in a particular month. But averagely in a month am able to make a profit of between KES 8,000 to 13,000.
I use part of my profit to pay rent for my Kiosk, reinvest part of it and also save the little I can.
My dream is to own a cafe and also be able to attend a Hotel institute for learning to expand my knowledge then later own my own Restarunt.

Loan Proposal

I recently renovated my Food kiosk to create more space to accommodate more customers hence the need to buy more chairs.
One plastic chair will cost about 8.9 dollars I therefore plan to buy 6 chairs and that will cost about 53.4 dollars, then I will use the remaining amount to buy other food ingredients to spice up the snacks.
Thank you in advance.

Feedback

3

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Loan Info

Project Type

Classic Loan

Disbursed amount

$69.00

Date disbursed

Jan 25, 2018

Repayment status

On Time

Projected term

7 weeks

Lenders

John Minges

United States

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  • Timothy    Sep 8, 2020

    Wesonga has promised to make repayment on 15th next month.

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  • Janet    Aug 4, 2020

    I spoke with Deryl, he said his situation has not improved and he had to close his business since it wasn't making much and rent was accumulating, he promised to try and find means to help him repay soon

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  • Deryl    Jul 6, 2020

    I am not able to pay this loan because I don't have any income as at now due to Covid19 pandemic.
    I was greatly affected and I even closed my shop, and I don't even have a job right now.

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  • Janet    Jul 4, 2020

    I contacted Deryl, he said his business is still closed and he's unable to make payments because he doesn't have any sources of income, he promised to resume making payments once his situation improves

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  • Janet    Jun 2, 2020

    I spoke with Deryl, he said he had to close his business due to the pandemic, i encouraged him to adjust his payments to what he can afford to pay for the moment.

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  • Janet    Apr 28, 2020

    I contacted Deryl, he said his business is not doing well thats why he hasn't been able to make payments, but he promised to start making payments soon.

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  • Deryl    Apr 15, 2020

    I can not be able to pay as I earlier indicated because all my income shops have been closed due to lock down in Kenya.
    But I hope if situation improves then I will resume payment.

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  • Timothy    Apr 7, 2020

    Wesonga has informed me that Corona is affecting the business.

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  • Deryl    Mar 25, 2020

    Hallo lenders, in response to the matter above I like to mention here that following to the outbreak of Corona virus in Kenya, my small Hotel business has suffered so much in terms of financial situation and also the customers have reduced so much because most people have taken it upon themselves not to visit market places afraid of getting infected by Corona virus.
    Am actually stranded with nothing to do and no money to pay my first loan installment.
    I thought to say it here please for any helpful positive advice thanks.

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  • Deryl    Mar 23, 2020

    Thank you lenders I did receive the loan amounting to 44,371KES however I must say that the interest charges is too high infarct many of my mentors have complained about this.

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  • Deryl    Mar 10, 2020

    Hello my leaders I want to take this opportunity further kindly to thank you my lenders for giving me another opportunity to expand my food kiosk through the money you just lend me.
    I will use the money to buy food stuffs for my kiosk.
    God bless you All.

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  • Deryl    Mar 8, 2020

    After all the struggle with this business and also luck of enough cash flow, I finally made it by paying to the last amount.
    I must agree that it was really tuff for me but i thank God and my lenders for being patient with me and I wish to take another loan again thank you.

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  • Maggie and M    Feb 7, 2020

    How are you doing, Deryl?

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  • Deryl    Dec 17, 2019

    Financial crisis.

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  • Deryl    Aug 14, 2019

    Once I give a Big thank you to all My Leaders for the loan amounting to 83,616 which I received on to my mpesa account number earlier this morning. I must say that disbursement took more than a month and it was actually late so i had to take another loan somewhere else to take care of the school fee payments, so l will use this loan to pay back the other loan. Thank you for understanding.

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  • Kitty    Aug 5, 2019

    Best wishes to your brother for his studies

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    • Deryl    Aug 5, 2019

      Thank you so much Kitty, but the problem is the loan was funded 3 weeks ago but up to now still pending disbursement surely in fact the reason for its application is already too late and won't help much..

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  • Deryl    Aug 4, 2019

    Halo Lenders, My loan is still pending disbursement, It is now 2 weeks since the loan was funded. And I can't even see my volunteer mentor of my profile.
    Thank you in advance for your help.

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  • Jan V    Jul 29, 2019

    All the best with the studies.
    Cheers, Jan from Canada

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    • Deryl    Jul 30, 2019

      Thanks Jan and thanks for your support as always.

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  • Deryl    Jul 24, 2019

    Halo Lenders, it's been quite a journey that was long paying my loan but i thank God who enabled me pay back my loan on time., I was able to pay fee for my brother and he did exemplary well in his second semester.
    Am looking forward to getting another loan to make him continue in the next semester.
    Thank you.

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