For a heifer in good health

Romsay

Meru, Kenya

100% repaid

Entrepreneur

Name

Romsay

Member since

February 2015

On-time repayments

39 installments  •  64%

About Me

My name is Romsay mwiti murungi,i was born and raised in MERU. I was 5 years old when I started my primary education at ontulili primary school where completed my primary education in 2004, then joined Kangaita secondary school in 2005 for my high school education, and completed my Kenya Certificate of secondary education in 2008.
The main hardship I encountered after completing high school is raising capital to start my agribusiness which later I did with the first loan and become successful then I relocated to Nairobi City in the year of 2018.
Here, in Nairobi, business was booming well until the year 2020 when coronavirus hits the country affecting business revenues. want my children to get quality education and have all the resources to see them succeed in life. In my part-time, I like reading books on business and also newspapers about financial markets and entrepreneurship articles.

My Business

I have two employees who take care of my Electronic shop and I paid about 100$ per month each. During the start-up of this business, I spend about usd3,000. The services are useful because I offer permanent employment to my employee so that they can take care of their families also. The goods are in high demand such as electricals and other electronics which are in high demand, the only challenges are importation fees and high tax rates from other countries. In electronics, TVs, LED bulbs, and hoofers are in high demand.
I choose this business because I had a passion for Electronics and other gadgets
Monthly I spend about $350 on rentals, and other expenses costs and maintenance. The cost will increase because I want to add gas cylinders to boost revenue in my business. I reinvest part of my profits in my other projects. also use the other part in home improvements.

Loan Proposal

The loan I will acquire I intend to purchase a good health heifer which will at least cost 80$ (Apr 6800kes). Then the remaining 26$(apr2200kes) I will purchase the animal fooder (hay) for all my dairy cows. By add another dairy cow in my agribusiness I expect the increase of my produce which will help me to cater for myself and also help me by paying school fees for my youngest sister who is persuing her secondary education. I expect my business produce to increase therefore I'm expecting the profits to increase at with at least 50$(apr4300kes)

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Apr 7, 2015

Repayment status

On Time

Projected term

4 months

Lenders

Dipsius

London, United Kingdom

ads68

Melbourne, Australia

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

Robert

Sweden

JM

John Meserve

United States

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  • Romsay    Nov 10, 2023

    Hi, my dear backers I have received the funds ,and I wish you the best
    .The received fund I'm going use it effectively and making sure it has improved my business in a proper way.
    Thank you all.

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  • Romsay    Nov 5, 2023

    It's has been a great Sunday lender's, cheers to everyone

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  • Romsay    Aug 12, 2023

    Am glad I have finished paying my loan. I am so grateful to all my backers may God bless you all, and I have increased the profit yield in my business. thank you all.

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  • Romsay    May 9, 2023

    I thank each and every one who funded this project, and it's a great honour and sincerely appreciation for the support.
    I will now buy LED's lamp, audio and data cable's, phone changers, electric wires and all other electric staff,This project will help me to rebrand my shop.
    Thanks all.

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  • Philemon    May 8, 2023

    Grow business and repay on time.

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    • Romsay    May 8, 2023

      thank you a lot, Philemon I will make sure I won't disappoint anyone who is funding me in this project. may GOD bless you all continue to shower with lots of blessings.

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  • Romsay    May 7, 2023

    Hi lenders,hope all are doing well and let me take this great opportunity to say that it has been a great Sunday GOD has shown has all.I really thank HIM for the gift of life.Amen

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  • wisdom2080    May 6, 2023

    Proverbs 19:17 Whoever is kind to the poor lends to the LORD, and he will reward them for what they have done.

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    • Romsay    May 7, 2023

      Well spoken, wisdom2080.
      ,. *Proverbs 10:6-7*
      Blessings are upon the head of the [uncompromisingly] righteous (the upright, in right standing with God) but the mouth of the wicked conceals violence. The memory of the [uncompromisingly] righteous is a blessing, but the name of the wicked shall rot.
      *Prayer*
      Dear Lord i thank you for your gift of life and continued love for us.
      Have mercy in us and pardon us our sins so that we can deserve to stand in your presence and serve u.
      I pray that we will always be kind in our ways to everyone around us. We desire that when we leave this earth, we will be remembered for how we expressed your love – not on how we inflicted pain on others.
      May we be known for being peaceful and loving and always ready to help others Lord.
      Our prayer of faith.
      *HAVE A BLESSED, FRUITFUL AND PEACE WEEK FULL OF LOVE*
      #Nice Evening hear in NAIROBI Kenya#

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  • Romsay    May 2, 2023

    Hello, lenders it's a great time I haven't been in this platform,but in all I thank GOD for ups and down during that period of time we have been together.

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  • Romsay    Mar 22, 2016

    I will always be glad to be a zidisha member,for this far they have helped me a lot.

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  • Romsay    Aug 29, 2015

    thank you zidisha team for the support.I fully completed my loan without any problem.
    thank you again.

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  • Romsay    Jun 26, 2015

    Dear lenders, it has been great days for Me to fill blessed with everything. The loan you give me has help me a lot by investing wisely in my business and I can assure you now, it's booming.Due to support and trustfuness I couldn't be where I I'm today.
    Thanks

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  • Romsay    Apr 8, 2015

    Thank you lenders for this great opportunity to have my 1st loan enabled to me yesterday.I intend to do all my best with the loan you give me by purchasing a good healthy heifer which at least I expects will blossom my agribusiness up to 50% income. my greatest ambition is to educate my colleagues about the Important of being in such a profitable business and help the lives of many how to achieve there goal in the future.
    Thanks very much.

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