Animal feeds

Paul Mbua

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Paul Mbua

Member since

October 2016

On-time repayments

13 installments  •  31%

About Me

Am Paul mbua waithaka from Kenya Nakuru county, am married with two kids, i was born and brought in rural area by peasant parents, my upbringing was not a rosy road cause we had 8 siblings in total dependant with wages from my parents they were getting from working from coffee farms, i thumb up my parents for enrolling me to school but it somehow proved a burden staying in school cause of lack of fees but God was always on our side our parents managed, its is school holidays that each an every would always work on coffee farms to boost our parents, after completing high school i couldn't continue from there i started hustling for any menial jobs i could come across at sometimes i almost gave up but by sheer determination i soldiered on i managed to come across a job tending someone cows for 20dolars a month which proved difficult to sustain but I had no option, i worked for two years and i managed to save 200dolars, i met a friend of mine who sold me an idea of starting a business but i was reluctant and i decided to give a trial, he advised to relocate from my home area and i agreed he gave me accommodation while trying to figure out which business to start of which i concluded to start an agrovet shop which was unique but it required a lot of capital i leased a shop with the same capital i had, i struggled a lot since i could be asked some commodities i didn't have, i had no collateral to get credit from banks no one could guarantee me to take a loan, i opted closing the shop but one of the suppliers advised no to and he decided to help me he started supplying me on credit with time limit when to repay i went on like that until i managed i reinvested my profit and i accrued a capital of 1000dollars i was able then to buy on cash, i have now grown a capital of 2000dollars with profit i get sustaining my family, due to my broaden base of customers am unable to satisfy them that why am turning the able zidisha to boost the capital i have to satisfy my customers.

My Business

I operate an agrovet shop plus also i do farming which are main source of income but is proving difficult to satisfy my customers who have broaden, i have tried to reinvest my profit to business but am not making, i also do farming which is becoming a disappointment due to change of weather pattern derailing my plans to be acrued which i hoped to put in business, like now we have been attack by fall army worm which are proving difficult to control use of pesticides are high now but am not able to stock as they are of high cost and they need a big capital.

Loan Proposal

I will improve my stock in my shop, with the money i will get i will be able to buy 5 x10kgs dairy meal worth almost 5dollars this will help improve my profit a great deal i will almost get double the actual price plus i start satisfying my customers hence increasing my daily sales, this transaction after every deduction my profit will be almost 350kes which i will Plough back to business

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.00

Date disbursed

Oct 16, 2016

Repayment status

On Time

Projected term

6 weeks

Other loans

Lenders

The Zinc Team

San Francisco, United States

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