Business expansion in clothing business
Timothy
Nakuru, Kenya
100% repaid
Entrepreneur
Name
Timothy
Member since
May 2015
On-time repayments
345 installments • 80%
About Me
I was born and raised in the village, my father was a tailor my mother was a farmer. My father decided to re locate to greener pastures, he did that and we gladly went, we stayed in our new location for some years and my dad convinced my mother to sell the land again. The land was successfully sold and my dad took all the money drunk it all an we remained landless,we went to stay with relatives without or dad we dont know where he went. At seven years with my three siblings and mother,my mother gave me to someone to look after their cattle! i did not know how much i earned because its my mother who took the wages for upkeep. My uncle heard of our story and took upon himself to educate us,i was lucky to continue with school to secondary. i did menial jobs to sustain myself i could not get a nice job becouse my form four certificate had been withheld due to fee balance. I was able to clear the fee afterwards and took the certificate. I had a fiancee who helped me a lot but two days to my wedding my father who had come back committed suicide! nevertheless the wedding took place. Right now am married and have two children.
My Business
After marriage, i relocated to Nakuru where i began a micro business which never did well though i held on it, i was later sponsored to go to bible school for two years and graduated with a diploma. Right now iam iam doing partime as an insurance agent with British American Insurance Company. It is a good job but so many challenges of getting clients and sustaining them. iam also pursuing another diloma in Transformational Leadership in the local church. Iam currently the prefect of the class and a group leader in our small home bible study group where we meet once a Week. O once again come to appreciate the zidisha organisation for changing my life, I was able to pay my collage fees and even ventured in business which I began early this year, the business is doing well but some time I run short of finances this is the reason am requesting for another loan to help me expand my business.
Loan Proposal
Dear Lenders, I wish to take this opportunity to appreciate you for your continued support of my business and family, indeed you people have revolutionalized my life and of others, I have never regretted why I joined Zidisha. The last loan I received, I was able to expand my business of supplying suiting materials to our local tailors, the business picked up very well, I was also able to travel for businesses seminars and trainings in Nairobi which I could only imagine in the past years, the climax of it all is when my daughter was born, in a nice hospital, I was able to clear the bills without requesting my friends to chip in. All these success stories are courtesy of Zidisha, thanks a lot Lenders. Right now we are gearing towards festive season and am sure this loan will boost me a great deal since am planning to begin venturing in buying and selling ready made clothings. In Kenya our cloth businesses thrive a lot from October the climax being December. I would like to take advantage of this season to maximise the profits. I therefore request you Lenders kindly consider my loan proposal and fund my loan please, thank you so much, I look forward to receiving from you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$675.00
Date disbursed
Oct 11, 2016
Repayment status
On Time
Projected term
8 months
Lenders
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