To pay college fee for my younger brother

Deryl Wesonga

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Deryl Wesonga

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

My younger brother recently completed his high school education and so he was to be admitted to a college but due to lack of fee has not been admitted .So am kindly requesting to be funded with the loan so that I pay College fee for my younger brother.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$382.09

Date disbursed

May 27, 2018

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $16.09

Credit risk payment: $64.39

Lenders

MarktheMormon

Sandy, Utah, United States

M

miri

Austria

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