Selling used ladies' clothes to put siblings through secondary school

Reuben Mbalanya

Maseno, Kenya

100% repaid

Entrepreneur

Name

Reuben Mbalanya

Member since

March 2014

On-time repayments

40 installments  •  15%

About Me

i am reuben james mbalanya a very young talented and a passionate guy in what i do.i was born in maseno village but now i reside at Ebusakami area at my own place and at the same time i do sale ladies clothes in my kiosk and i also have a motor cycle that my i do boda oda nad carr peopl.the time am not in my kiosk i always let the lady i have employed in the kosk to sell the clothes as i do boda boda with my motor cycle.i am from a family of six,my father,my mother,my two brothers,my sister and i.i started my business some four months ago to purchasing dresses from Nairobi and Uganda and come and sell them in Ebusakami and also in Luanda town especially during the market day on Mondays and Thursdays.i started my business with 5600/- as my capital and to date and it helped me buy a motor cycle that am driving now. i have been able to tripled my business and i do make 375 dollars every month and when i deduct the stock capital i end up depositing 150 dollars in my bank account as my savings/profit.i also draw and i have been drawing back drops for schools participating in Kenya drama festivals and per school i do make 175 dollars and every year i do get a tender of 3 schools thus end up to 425 dollars then i give back to my parents,my brothers i support them in their secondary fees,i give back to Maseno compassion organization to help those destitute s.and i end up having like 410 DOLLARS just for my savings it cant go below that.since i want to expand my business and start increasing my stock i therefore come to join zidisha when i was told about it by my friend Herbert.thank you zidisha.

My Business

a very great chance i have received to describe the happiness i have to be introduced to this wonderful family i have just heard about.i want to request for a loan size of $295 dollars,and is as follows:150 dollars am going to use for purchasing spare parts for my motor cyle like the tyres are almost worn and i need to buy new ones and also for services to maintain it to be in a good shape because i do work from 5am to 10 pm in the night.Then 50 dollars i want to purchase dresses for my kiosk that i was able to employ someone who is working there as i as i dwell on my boda boda(motor taxi).then the remaining $45 i want to ad for my brothers school fees in order to be allowed to sit for his end term exams.this loan am taking am going to service my motor cycle and the kiosk business for clothes because i want to buy another moor cycle and employ some people in my community and i had already started paying for one motor cycle and i believe with you funding me am going to achieve as soon as possible because i am a hardworking man.thank you so much zidisha. i want believe i have described well enough above how much i make and what i have saved and from the above description i am able to stand on my own and pay this loan without any difficulty.thank you so much zidisha.

Loan Proposal

i am going to increase my mitumba stock from nairobi just one bell for ladies clothes and i believe this is going to be a great and very impoortant day for starting my business apprreciation.i want to say that zidisha you have really shown me how great you are there to help me in achieving my great dreams of becoming a young great business young man in ebusakami my village and luanda town and later in the whole country.i appreciate it so much for giving me the chance and i promise i won't sleep once you have given me this opportunity no sleeping at all i give my gratitudes to zidisha and let me start rolling the boat.thank you zidisha team and all the lenders gioing to fund me.thank you in advance.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Mar 24, 2014

Repayment status

On Time

Projected term

2 months

Other loans

Lenders

A

Anninymouse

Southampton, United Kingdom

JonasG

Cologne, Germany

S

sersche

Zurich, Switzerland

E

Escalada

Bakersfield, CA, United States

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

K

Kendah72

United States

A

alretz

United States

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