Working capital for retail shop and motorbike taxi business
Michael
Kangundo, Kenya
100% repaid
Entrepreneur
Name
Michael
Member since
November 2020
On-time repayments
17 installments • 29%
About Me
I am Michael Ndungai Kioko from Kangundo Sub County in Machakos County. I am married and currently working with one of the cleaning services companies in Nairobi. Furthermore I am doing side hassles such as having a motorbike for boda transport and further I have a shop being managed by my wife
My Business
I am dealing with bodaboda transport and small retail shop as a side hassle to supplement my income. The purpose of joining zidisha is to get working capital for my two businesses and help in in generating further sales. My weekly revenue is Ksh 10,000 and my net revenue is Ksh 4,000.
Loan Proposal
My loan proposal will go towards inventory for the retail shop and fuel and repairs for the Motor Bike Taxi business. This will ensure that I have constant stream of income without interruption and this will go along way in ensuring that I repay the loan. My weekly sales is Ksh 10,000 and net income of Ksh 4,000
Income Source
There are various challenges facing businesses currently and one major challenge has been the outbreak of covid19 which has changed how we do things. With the support of the government of Kenya we will do our best to ensure we remain healthy as we fight covid19
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Loan Info
Project Type
Classic Loan
Disbursed amount
$14.00
Date disbursed
Nov 29, 2020
Repayment status
On Time
Projected term
1 week
Lenders
Germany
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