To restock my clothes business

Duncan

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Duncan

Member since

September 2013

On-time repayments

76 installments  •  21%

About Me

I am a young male kenyan citizen,and my names are Duncan Bett Chepkwony.I was born in the year 08/07/1985,at Nakuru County,in a village called Afraha Estate,in the larger Nakuru District.,Kenya.My parents are Mr & Mrs William Chepkwony and Mary Chepkwony.We were born seven of them being five boys and two girls.I am the fourth born .Sice my father is a Church elder in our church,we are tought on the Godly way.H e has shown us to respect other people,to be trustworthy &honest in the whole society and to be God fearing people in the society.
I joined primary school in the year 1992 in class one(1),then i completed in 1999and got my primary certificate.In the 2000.i joined Loreto Boys High School here in Nakuru, and completed in the year 2003.In the year 2004,i joined my college where i did Information Technology and got my Certificate in 2006.After my education i started my own clothes selling business.

My Business

I am currently operating new clothes selling business.I do this businesss for the purpose of getting my daily bread.I satarted selling new clothes in early years of 2009.During that period i did not have more customers since i had located interior where customers could not access my services.Later in the year 2012,i relocated at Kimotho Shopping Mall, a store located within Kenyatta Avenue and i have seen more new customers each new day.Since i moved to this new building i had been buying the goods every first day of every month in Nairobi,Eastleigh Malls.My business is recognized by the Nakuru Municipal authority by being lisenced.The business is profitable,hence buying bulky Clothes from the suppliers is an idea i am going to implement after i get more financial support from your Microfinance,to enable me sell at a discounted prices here in nakuru like my other competitors .From the January net sales ,the profit was Ksh.23,900.Out of this i paid my house rent Ksh.3,500.Electricity.ksh500,Garbage collection and water.Ksh850.I was left with clean Ksh.Ksh.19,050.Out of the loan the zidisha team will offer to my business,i will make my clothes business more profitable and later i am looking forward in opening another store within the same avenue and to employ more young people so as to create an employment to my other younger peoplefrom my village to be financially able.It is my prayer that Zidisha will consider my proposal and approve the loan pledge.Thank you all.

Loan Proposal

Thank s alot for the loan approval.for this first loan you are going to offer into my business,i will make my clothes business more profitable and later i am looking forward in opening another store within the same avenue and to employ more young people so as to create an employment to my other younger people from my village to be financially able.It is my prayer that Zidisha will consider my proposal and approve the loan pledge.Thank you all and welcome all the bidders to fund my loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 23, 2014

Repayment status

On Time

Projected term

8 weeks

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  • Eduard    Sep 30, 2014

    Hello Duncan. How are you doing? Do you have any financial problems?

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  • Duncan    Aug 21, 2014

    Hey Lenders and Zidisha team ,i am rescheduling my loan payment due to my poor health condition for the last two weeks,i was diagnosed by pneumonia due to the cooled weather we have being experiencing here ,but now am out of danger and taking my medicine as prescribed by the Doctor.Thank You for your kind patience.

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  • Duncan    Apr 30, 2014

    Hey Zidisha Team,i have decided to reschedule my loan to pay on a lower payment,after the Easter holidays my younger sister whom i stay with her got sick and i had to attend to her first before taking her to our parents,I spent alot of money on which affected my business abit,but i will continue with my normal payment soon.Thank You.

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  • Duncan    Apr 3, 2014

    hey Zidisha team,i am so glad to be part of this family,as i had promised that i will increase my payment upward ,i have decided to it, as i have now settled all my bills and rent that we were to pay by the landlord,my business is doing well and my stock is moving quite well,Thank you very much and i will co-operate fully as i have done with this loan and in future support from your team.

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  • Duncan    Mar 25, 2014

    Hey Zidisha team,I have decided to change my payment due to paying and renewal of my business license and at the same time the land lord has increased our rent.,am going to pay this downward payment for a little time and will be back to my normal payment in few days to come as i had already stocked my business adequately.Thank you.

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  • Ronald    Feb 21, 2014

    Hi Duncan. Congratulations on having your loan approved. There shall be a business meeting for Zidisha, the first of its kind converged by John Makongo...John Makongo
    Hello Nakuru, zidisha borrowers, am. one of your Nakuru volunteer
    mentor and would like to invite u at our first
    meeting on 28th this month at 2pm,our
    meeting will be held at Nakuru, nyamakoroto
    building, 2nd flour Room No.207. Call to
    confirm for the direction,plz don't miss it.
    call or text 0721151768 for confirmation. Find time and attend it.

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