To pay school fees for my daughter

Stephen Kiratu

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Stephen Kiratu

Member since

May 2013

On-time repayments

181 installments  •  65%

About Me

My name is Stephen Kiratu Maina and a resident of racecourse estate in Nakuru town.am married with three daughters all who are in various colleges here in nakuru county.After graduating from Kenya polytechnic l was employed as a electrician for fifteen years in Nairobi city but later started my own electrical shop here in Town.Though at first it was a challenge l thank God for this far as this has enabled me to educate my daughters and develop myself economically.l as do electrical repairs within the town.

My Business

l started the electrical shop in 1997 after getting out of employment.The business is very profitable and l do get my stock from the wholesalers in Nairobi and sell at a profit margin of 30%. mostly l stock the china product as they are cheap and easily affordable to the customers.Although there is a lot of competition from other traders l make sure that my prices are competitive and my technical knowledge in this field serves as added advantage to my business.l make an average of ks 15,000 as profit after deducting the business expenses.if advanced with the loan l will add more stock to the business hence increasing the sales.

Loan Proposal

Dear all, l take this opportunity to salute you all and my sincere hope that all is well with you.l am doing great here in Kenya and l thank the entire Zidisha platform for giving me yet another opportunity to raise a loan to enable me pay school fees for my daughter who is still in university in third year. l will use the whole loan amount to pay the school fees. it is my sincere hope that this time l will be lucky enough and l am appealing to all my lenders to kindly assist me to make my daughters dream come true. God bless you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$394.71

Date disbursed

Dec 8, 2014

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Lender interest: $394.71 at 6.93% annual rate over 7 months = $17.81

Service fee: $9.50

Lenders

investor

Candiac, Canada

F

Fiodal

Helsinki, Finland

H

HildeK

Rogaland, Norway

E

ebronken

Oslo, Norway

lorello

Vicopisano, Italy

ads68

Melbourne, Australia

Bruno

São Paulo, Brazil

Cricketca

San Jose, United States

Evan Lamos

Brussels, Belgium

L

lobotommy

OSLO, Norway

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

M

Michi

Switzerland

joshuacollinson

Vienna, Austria

R

rbaxter

United Kingdom

S

stryker75

United States

Family Mueller

Petershagen, Germany

Franmiguel

Perth, Australia

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