Business selling plastic items

David

Nakuru, Kenya

100% repaid

Entrepreneur

Name

David

Member since

July 2019

On-time repayments

12 installments  •  17%

About Me

My name is David Muita . Born and raised in Nakuru Kenya in a family of 4 I being the second born. My parents were not employed and they both engaged in casual labor just to see us get food on the table and good education. I later joined college and my parents did their best and saw me through my diploma course in business. Seeing the struggles that my parents were going through just for us, I decided to save half of my pocket money and did tuition during holidays to save up and start a small business after college so as to support my family. In year 2018 march I was finally able to startup a small malimali shop which has been growing quite well with time. A friend of mine introduced me to Zidisha and told me it the best online lending site whch will help me grow my business to greater heights.

My Business

I deal with plastic household items like kitchen utensils, sandals and kids toys. This kind of business is favorable in my locality because many of those in this area are middleclass earners who spend very little which make the kind of items that I sell cheaper to them. Because my business is still young, I choose to reinvest the profit back to the business to grow it bigger and get more profit and be able to support my parents.I believe Zidisha will help me grow my business as I have seen my friend grow with Zidisha

Loan Proposal

planning on increasing stock on my business and expanding if possible opening another shop which enable me manage to pay back my loan well. By acquiring this loan i will be able to provide my customers with quality and quantity product thus satisfying all their needs. Being given this loan i wish to making an additional my saving so i can try and acquire a mean of transportation so as it can enable me to reach for more customer .so having transportation mean in business assist since facilitate transport of good to those customer buy good in bulk thus creating another soure of income to the business which help me to clear my loan first.

Income Source

Priority on making sell to those client pay on cash thus minimizing increase level of lending my goods on credit. Maintain clear records on sale thus helping in balance all of statement. Providing my customers with quality and quantity product thus satisfying my customers needs.strengthen high level of communication between me and my customer which provide effectively thus increasing the level of my sale which will me to pay back my loan without experience difficulties. By reducing all unnecessary expense which may accrue to business will help cause it assist on increasing my profit thus reducing level of loss which may arise by not avoiding those expense.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$51.00

Date disbursed

Jan 2, 2021

Repayment status

On Time

Projected term

6 weeks

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$51.30

Amount remaining

$0.00

Date repaid

Jan 30, 2021

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jan 10, 2021 $8.55 Jan 6, 2021 $4.43
Jan 30, 2021 $4.12
Jan 17, 2021 $8.55 Jan 30, 2021 $8.55
Jan 24, 2021 $8.55 Jan 30, 2021 $8.55
Jan 31, 2021 $8.55 Jan 30, 2021 $8.55
Feb 7, 2021 $8.55 Jan 30, 2021 $8.55
Feb 14, 2021 $8.55 Jan 30, 2021 $8.55

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