Beryl Otieno

Utawala M.c Shopping Center, Kenya

100% repaid

Entrepreneur

Name

Beryl Otieno

Member since

April 2013

On-time repayments

82 installments  •  100%

About Me

I am Married with 2 children one of 18years and the other one is 9 years. I have work for several companies before making decision to start my own business three years ago. I started with selling clothes but the business did not do well because of low demand. I started selling charcoal which is fast moving commodity in my are where by everybody uses it as a source of energy for cooking and warming during cool weather. The business is good during winter when this product is on high demand due to the cold weather.Besides am always involved in community projects with widow and orphans.widows are required to form a group of ten members,come up with the constitution,and bylaw that would use to govern their group,after that they are registered with the government under Ministry of Gender and Social services,which can allow them access government funds like Uwezo[meaning am capable] and women fund,which attracts lower interest rates as opposed to other mainstream Banks,apart from that ,they meet once a week ,each contributes a dollar,the total is loaned to one member ,who is expected to go and restock her vegetable kiosk,earn a little profit,then return the money after a fortnight with a 5%interest,this has gone along way in improving their financial skills as well as believing in themselves.Most of these widows have been sent away by their in-laws after loosing their husbands,which prompted them to resort to unconventional ways of putting food on the table like prostitution,their future plans include enrolling in government technical Training centers which trains short courses on Hair dressing,Bead work[making very nice earrings an necklaces,purse,and flower vase]pottery,and Tailoring,this courses are far cheaper in government facilities,but this will always be their wishful thinking unless society shows goodwill and pays for this courses.The orphans have also been rehabilitated back to school through government Bursary,instead of doing drugs on the street,they are only allowed to make money through Garbage collection during weekend where every household is expected to pay 1 dollar for every collection,this goes along way in helping them buy food and a bit of clothing.Am a firm believer of giving back to society in whatever way however little,because at the end of the day ,i will have made a difference in someone's life.

My Business

My business is that of selling charcoal to the local villagers I started in the year 2010.the current operating capital is Ksh 25,000 and make a gross profit of KSH 30000 and after paying for all my expenses I remain with a net profit of ksh 7000 which I use for my family needs. I want to increase my capital by at list twice to maximize the business premises space which is currently under utilized.It has a capacity of 100bags of charcoal which I think through Zidisha funding I will be able to meet my goals of stocking 100bags with any given time.I operate this charcoal store about 500m from where i live,my clients are mainly neighbors,church members,and family friends.they are about 3 other charcoal stores,but am a firm believer of business competition,because it keeps me on edge and focused,av seen growth both in clients base and profit,and the no of clients has also tripped from the initial 10 that i started with to 35 that am currently working with,my main secret being good communication skills,so am able to understand my clients specifications and charcoal needs,free delivery is also offered to clients that stay about 200m from the store.i have also introduced an after sale service whereby i will call the client after every delivery and inquire if they are satisfied with the quality and efficiency of the charcoal,in-case of any complaints ,then i would call my supplier immediately and alert him to avoid any recurrence of the problem,by doing all this av been able to build a good rapporteur all my clients based on trust ,honesty and consistency in quality .five years from know am seeing myself being the leading charcoal distributor in githunguri area, and of-course this will only be possible with the continued partnership with zidisha family.

Loan Proposal

Zidisha fraternity I wish to tender my loan application to this wonderful program for USD 100 this money will take me along way because I will be able to increase the purchases of my business stock by more than Ten bag of charcoal which I will sell and increase my profit, and I hope my business will grow with you continued support, I hope you will be more than willing to support my business. You Generous bidding will be appreciated a lot . Thanks

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.11

Date disbursed

Apr 30, 2013

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $100.11 at 4.00% annual rate over 12 months = $4.12

Service fee: $3.60

Lenders

russell

leicester, United Kingdom

Sundstroms

Falun, Sweden

B

Butters

San Jose, United States

juliemartha

Lake Mary, United States

R

RobBne

Brisbane, Australia

wienerish

Vienna, Austria

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  • Beryl Otieno    Jun 6, 2016

    Hi everyone,
    Its been a pleasure repaying my Loan guys, and I cant wait to apply for another one since am almost finishing!
    To new Members,.. This is the best place to be as long as you are faithful and trust worthiness is topnotch.
    Cheers Family!

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    • Christian Golo    Jul 16, 2019

      I love and admire your statement "as long as you are faithful and trustworthy" Keep the good work and God richly bless you.

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  • Beryl Otieno    Apr 12, 2016

    Hello people,its been long but am so happy to report that the business is doing well in fact i have opened one in different location
    My family is doing well my Son sat for his O levels and passed so well but yet to join Campus until..November.
    Thank you team for the continuous updates!.

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  • Beryl Otieno    Oct 29, 2015

    Hello everybody,ope all is well,I have been lost,due to some family issues,but my loan repayment is on schedule and the business is also doing well,a lot of positive things have happened in my life as a result of the proceeds that i got from the business.al be expounding more in the next few day to come.
    once again am back!!!

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  • Beryl Otieno    Oct 29, 2015

    Hello everybody,ope all is well,I have been lost,due to some family issues,but my loan repayment is on schedule and the business is also doing well,a lot of positive things have happened in my life as a result of the proceeds that i got from the business.al be expounding more in the next few day to come.
    once again am back!!!

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  • Beryl Otieno    Oct 29, 2015

    Hello everybody,ope all is well,I have been lost,due to some family issues,but my loan repayment is on schedule and the business is also doing well,a lot of positive things have happened in my life as a result of the proceeds that i got from the business.al be expounding more in the next few day to come.
    once again am back!!!

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  • Beryl Otieno    Oct 29, 2015

    Hello everybody,ope all is well,I have been lost,due to some family issues,but my loan repayment is on schedule and the business is also doing well,a lot of positive things have happened in my life as a result of the proceeds that i got from the business.al be expounding more in the next few day to come.
    once again am back!!!

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  • Beryl Otieno    Jul 19, 2015

    Hi good pple
    August holidays is with us, can't wait to spend quality time with my kids. Zoey is the youngest and also the naughtie,we call her the fashionista!

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  • Beryl Otieno    Jul 19, 2015

    Hi everyone
    am happy to report that I have paid my second installment and last week balance which was unfortunate .

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  • Beryl Otieno    Jul 16, 2015

    Hey lenders finally my stock has arrived,looking forward to making a lot of profit,because the demand is there,and am the only one in the area with enough stock.

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  • Beryl Otieno    Jul 1, 2015

    Dear Lenders,
    It is with great humility that I want to confirm that the funds have already been disbursed in my account ,and proceded to place an order to my supplier so the goods should be delivered latest a week from now.will be updating you on every progress that I make along the way,looking forward to an interactive sessions with you.
    Once more thank you so much for making this a reality for me.
    regards.

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  • Beryl Otieno    Jun 29, 2015

    Hey lenders!
    Thank you so much for your response and also believing in me,this loan will help me in buying more stocks,hence meet the current demand of this commodity due to the chilly weather that Nairobi is currently witnessing,I shall be updating you on the business progress,and also sharing some of the profit with you people by paying promptly as i had promised.
    Once again thank yous and may God bless.

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  • Beryl Otieno    Jun 26, 2015

    Hello good people?
    Am so humbled beyond words the way you are bidding for my loan,I want to believe that 6 days is a lot and this loan will be successful before its date of expiry,keep on bidding and also invite .your friends to bid,thanks everyone in advance
    Tomorrow is my daughters visiting day(she boards in a school that is around 300km from where we live!) so I have to leave by 3am in the morning to catch a bus, hopefully I will share with you some of the photos...let me try and get some sleep,I cant wait to hug her...... its been like yeaaaars ,but she has only been gone for 2months.
    Good night(despite your time zone)
    people abundantly!.

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  • Beryl Otieno    Jun 23, 2015

    Hello everyone?
    Am sorry I have not been able to upload my profile photo as a result of technical problem which am working on,I hope it will be able to be resolved sooner,but hey that does'nt mean that you cant meet my two wonderful kids...Robert 18yrs old completing his O levels in December this year,and of course the one and only Zoey 9yrs in class5(pictured below).

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  • Beryl Otieno    Jun 21, 2015

    hey people..
    Am still hopeful that the funding of this loan will be a success,because currently the demand for charcoal is quite high,due to the chilly weather of June to July,so the market is guaranteed,I really need this money to reinforce my stock,so bid ,bid and bid!
    And lets interact,and ask any question concerning the business,my family,and hobbies,I will be more than happy to answer any of them.

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  • Beryl Otieno    Jun 19, 2015

    hi guys
    its me again......yeah i have posted another loan application,kindly bid for my loan as you all know by now that my credit history speaks for itself,and i intend to keep it that way.so bid and tell also your friends to bid..
    i cant wait for your positive response.

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  • Beryl Otieno    Jun 18, 2015

    Hey wonderful people,
    I just want to share with you some of the wonderful achievements that zidisha loan had done in my family,first my operating capital has grown from the initial 20,000 to 50,000 this means that am able to order for more stocks which translates to more cash and more profits,the quality has also improved because since am ordering more from my supplier am able to dictate the term of reference as good quality,my clients base has also increased due to reliability,my daughter is the most beneficiary of the profits,because for a long time she had been longing for a birthday party with all her friends invited,and for the first time that became a reality when she celebrated her 9th birthday on 25nov last year,part of the proceeds also went into buying brick that would be used to partition her much awaited bedroom(currently she is sharing a room with her 18yrs old brother )but she keeps begging that her 10th birthday should be the boomb!and the answer i always give is that she should keep praying for zidisha lenders so that they could have more money to lend us to boost our investments

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  • Beryl Otieno    Feb 2, 2015

    Happy new year(i know its a bit too late for that)but the last time we talked was 2014,so i had to say that.....,anyway how are you doing? on my side am OK of course abit lonely(the schools have re-opened) because the house is so so quite, but al get over after a fortnight,we traveled to our rural home for New year celebration which is about 450km from where we are staying,came back at around 15th of Jan,then started preparing the kids to go back to school. that explains why i have been offline,Business wise am doing well,i managed to make a lot of profit by taking advantage of the high season demand,and geuse what i was the only one with charcoal,because i manage d to stock my store to its required capacity of 100bags with the loan that zidisha gave me plus a little savings that i had in my account,as a result i would even sell a total of 10 to 15 bags in a day with my profit margin going up by 20% compared to the usual limit of 2 dollars per bag!and for the first Robert and Zoey got everything that they had written on their shopping list!(usually they write then i shortlist in term of priority because of budget constrains) and for that zidisha get three cheers, hep hep......hurray ,hep hep hurray, hep hep hurray!... looking forward to doing both wonderful and big things this year of 2015.
    cheers!

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  • Beryl Otieno    Dec 11, 2014

    Hi people,My name is Zoey Akinyi Ochieng, Akinyi means being born during wee hours in the morning, a male would be called Okinyi. Ochieng is my Dad"s name meaning being born at around sunrise in the morning,the female would be called Achieng(check out my Mums second name)In my Luo tribe culture demanded that children were named according to the time of the day,seasons(be it planting or harvesting)or any political activity that might be taking place during that time(like Independence,would be called Uhuru)as for Zoey ,mum tells me that she watched a movie while pregnant with me and the kid who starred in that movie was called zoey mmmmmh, that is a story for another day,however.I would really thank all Lenders who had faith in my mum"s loan and bidded for it,take from us that your loan will be paid in time as i know that she is a person of high moral standards and integrity,consider your loans fully paid and hopefully she would apply for bigger loans and you will be there to support her!in case i don't get permission to post another comment,I wish to take this earliest opportunity to wish each one of you a Merry Xmas and A Happy New Yeaar...

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    • Dennis Furr    Dec 11, 2014

      Hello Zoey,

      Thank you for your lovely message. I'm named after my father and grandfather. As you might guess, this caused some confusion in the family so within the family I was called Denny. Even now amongst friends I introduce myself as Denny.

      It is my privilege to be able to help your mother and others like her with their businesses. I firmly believe that we all benefit by helping one another and I do my best to live up to that principle.

      My daughter Emma will be visiting for the holidays. She is in her last year of university, studying in Coventry which isn't too far away but far enough that she feels that she has some independence. I tease her that she is an adult "with training wheels", like what a child has on a bicycle.

      OK sweetie, time for this old man to stop rambling on and to wish you and your family a happy Christmas and all of the joys of the new year.

      Denny

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  • Beryl Otieno    Dec 11, 2014

    hi everyone,
    christmas is just around the corner,and as a family we have our tradition of making a very big christmas tree,then each member of the family is given a portion to decorate and as you decorate it you are expected to sing at least 3christmas Carrol as the others listen and of course on 24th eve we visit some of the widows and orphans in the neighborhood with some food items and donate clothes that both Robert and zoey have outgrown.kindly share with us how you spend this last days to Christmas or if you even believe in Christmas day.

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    • Dennis Furr    Dec 11, 2014

      It's our tradition that my daughter and wife put up the tree and I supervise, often with a beer or perhaps something a bit stronger. I've had my first mead lately and I can see myself and my wife becoming rather fond of that.

      I've recently participated in fund raising for a charity for homeless people where a number of us camped out in the city square. It was rather cold and we weren't permitted a fire so it was difficult but worthwhile.

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      • Beryl Otieno    Dec 11, 2014

        hahaha,do you have to supervise?or may be you are just colour blind ,for you to be able to decorate a christmas tree you must be in touch with the collour scheme!

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  • Dennis Furr    Nov 25, 2014

    Happy birthday Zoey.

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    • Beryl Otieno    Dec 2, 2014

      hi Dennis,i dropped my phone in water on zoeys birth day hence couldnt be able to upload pictures of her birthday to share the fun that we had,birthday girl notwithstanding.but hopefully it will be repaired in due course and i shall post those pictures. Otherwise my bussiness is doing well ,am almost clearing my stock that came about two weeks ago ,and also glad to report that i had already placed onother order which should arrive anytime,the proceeds that i got from that stock helped me to organise zoeys birthday and she confessed that she had never had such a wonderful birthday with a 2kg cake,baloons,and lots of her friends.initially it used to be 500gms cake,few friends,no balloons,so thanks to you generous people who have made this possible,looking forward to more good and positive things happening in my family life!

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