Zacharia
Kiamunyi, Kenya
3% repaid
Name
Zacharia
Member since
May 2013
On-time repayments
54 installments • 69%
I have a family of two boys all of whom are in standard five and top class.I am a college graduate and i have worked as a fire fighter in Kenya Navy and Iraq.I started this business of ornaments due to demand and Nakuru being one of the most tourist attraction centers, this business looked more viable and profitable.Secondly, this type of business has given me the exposure of interacting with tourists and currently iam in the process of initiating this business in the US with a friend we worked with in Iraq.Well, i feel advantaged due to my competitive edge in selling this products right inside the town. An addition of more funding means expansion of this bushiness and more income.
The money being requested therefore will be used in adding more stock on the yet not available products.
This business is all about curios and ornaments( This includes human/animal features, bracelets, necklaces). There is demand due to tourist attractions and as well local customers who buy from me to go and supply elsewhere.Our customers prefer my stall due to availability of goods , quality services, pricing and promotion strategies that we have developed of late using photos, pamphlets and post cards as well as word of mouth.This has given us a competitive edge over others.
In any business there are challenges.Such challenges can be prices, poor promotion strategies, marketing and as well as low turn out of tourists now that we are focusing on this.However, risks being averse, as a prudent business man for years and the experience that i have in this business we are trying at all times to make sure that our sales promotions is all above par to compete with the existing markets.
I will use the loan of Kshs. 16,424 to purchase and add more stock of curios which are on deamnd expecially braceltes, necklaces, sandals and human faces. This will cost Kshs. 16,424. It will add value to my business, raise more income to the business and help me achieve my goals business.
Positive
3
Neutral
1
Negative
1
Project Type
Classic Loan
Disbursed amount
$165.00
Date disbursed
Sep 16, 2015
Repayment status
Late
Projected term
6 weeks
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Amount repaid
$5.00
Amount remaining
$167.42
Expected completion
Nov 1, 2015
Status
Repaying late
Installment amount
$32.00
Expected Payments | Actual Payments | ||
---|---|---|---|
Sep 27, 2015 | $32.00 | Oct 29, 2015 | $5.00 |
Oct 4, 2015 | $32.00 | ||
Oct 11, 2015 | $32.00 | ||
Oct 18, 2015 | $32.00 | ||
Oct 25, 2015 | $32.00 | ||
Nov 1, 2015 | $12.42 |
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