Collince
Nakuru, Kenya
$0 to go
100% funded of $6 goal
0
days left
Name
Collince
Member since
June 2016
On-time repayments
6 installments • 0%
i was brought up in a village where education is considered the key to success, most of the people have entrepreneural ideas but the financial resources are not readily available. i took a loan from my Mshwari to start and to maintain my business. the community where i come from have a positive attitude towards those who are creative and innovative. my children would wish to be great business persons in future
I sell household items, the goods are in high demand because very few people do offer them..i chose the kind of business because its profitable , the resources where readily available, there was a constant supply. costs include transportation, taxes and rent.. revenues are the income from the business.. the profit i get is reinvested in expanding the business
the loan am looking forward to get from the most reliable, timely and credible zidisha organization will be used for the intended purpose i.e to increase my stock and also to expand my business to ensure its success. I wish to increase the stock of the household that i trade in.
sufurias 1 dollar
spoons 6dollars
plates 4dollars
bedsheets 5dollars
my business will have positive impact on the environment that i operate on.
my own benefits:
increased income
reduced cost of production due to economies of scale
increased innovation and creativity
increased productivity due to technological advancement
benefits to others
employment opportunities . people will get jobs due to increase in our scope of operation as a result of business expansion.
availability of goods and services. people around will have access to goods and services that we offer at affordable and reasonable prices.
i expect my profit to increase by 50% . this is due to increase in demand of the products that we offer. and also the cost of production will reduce as a result of economies of scale... i expect the profit to increase by Ksh 20000.
Positive
None
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Sep 24, 2016
Repayment status
Late
Projected term
6 weeks
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