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Michael

Nairobi, Kenya

100% repaid

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Entrepreneur

Name

Michael

Member since

February 2015

On-time repayments

213 installments  •  63%

About Me

Hello lenders this is Michael Malal a business man in Kisumu Kenya and so proud to be in this family since joining. it was my pleasure to thanks all lenders here for the good job you have been doing. my life changed because of you thank you so much.

My Business

I joined zidisha in the year 2015 and by then I lived in Nairobi I decided to allocate to kisumu with a plan to continue with my tea room like I did in Nairobi but it's difficult to do such business in Kisumu, then my wife came up with idea of opening first food cafe I second the idea and we did it. A's I speak now the business is good and we manage to open another business through Zidisha support we have an cooking gas point. the profit is up and business is well to.

Loan Proposal

I decided to look for a place where me and my family can calls a home, that's why I came up with this idea of land,
Even though I now this amount is not enough, I decided to take a small amount that will not be heavy to me to pay and I will borrow this amount almost four times for me to rich my plan.
I'm humble requested this to help my family to leave a better life in future
Thank you

Feedback

7

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$492.00

Date disbursed

Jun 16, 2019

Repayment status

On Time

Projected term

2 months

Other loans

Feb 2015:  $50

May 2015:  $101

Jul 2015:  $189

Oct 2015:  $367

Jan 2016:  $364

Aug 2016:  $552

Mar 2017:  $817

Oct 2017:  $1,008

Oct 2018:  $1,199

Aug 2019:  $1,039

Lenders

Paul Buchheit

Mountain View, United States

Ask Michael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • M

    Mary    Dec 29, 2019

    Hi Michael, You can adjust your payments for your Zidisha loan to a smaller amount. Smaller payments are better than no payments as they will keep your repayment rate strong. Lenders do look at repayment rates when deciding who to loan to. Zidisha is a very powerful tool when used wisely to help grow businesses. Regards, Mary

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  • Michael    Sep 9, 2019

    To my lenders, I received ksh 68,578 and I deposited the amount to my fixed deposit account so that I may have time to make my proper planning.
    Thank you for your time and believe in me.

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  • Michael    Sep 3, 2019

    The loan that I'm requesting for will go directly to my fixed deposit account.
    This will help me rich my plans of purchasing plot so that in coming days I will prepare how to build it this will be a good move and have my own house.
    Thank to all lenders that helps me rich my plans.

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  • M

    Mary    Sep 1, 2019

    It is very wise to own your plot rather than rent one. Consider adding a small rental unit to your expansion Michael for extra income.

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  • Michael    Aug 25, 2019

    To my lenders.
    Thank you so much for the loan,
    I add it to my fixed deposit account so that I may rich my plans

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  • Michael    Aug 22, 2019

    To my lenders,
    I appreciate the good work that your doing and to stand with those who needs your support.
    I believe in you and I believe with you I will be somewhere good in the next few years. Imagine from tearoom to first food then cooking gas supplies and Mpesa money transfer now thinking about plot, this is big achievement because of Zidisha.
    Thank you lenders
    Thank you Zidisha
    Thank you Almighty for bringing Zidisha to my life.

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  • Michael    Aug 21, 2019

    Good morning Zidisha.
    I'm requesting to adjust my payment and try to complete my loan on time

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  • Michael    Aug 9, 2019

    Hello Zidisha
    It's my humble request to reduce my payment to 1000 due to some few challenges that I facing for now,
    Once I'm ok I will back to normal payment

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  • Michael    Jul 6, 2019

    Hello Zidisha,
    I decided to reduce my payment due to some few challenges in life and also in business,
    I was robbed while closing and I end up losing almost everything.
    Sorry for that but I will try my best

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  • Michael    Jun 17, 2019

    I received kshs 35000.
    I have already open an fixed account which I will be used to store my cash till I reached my limit.
    Thank you so much my lenders and a pleasure to meet you.

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  • Michael    Jun 16, 2019

    Thanks for giving me this chance to upgrade my life.
    I have a plan to buy a plot but the amount is not enough so I think of opening an fixed account so that I can manage to control my financial plan.
    I decided to take a small amount so that I can manage to pay it easy and take another till I rich my plan.
    Thank you so much for your support and helping me.

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  • Michael    May 23, 2019

    Hello lenders thank you for your good work.
    I find it very difficult for me to apply for next loan because of credit risk fee I was deducted $179.99 last time and it's very had for me to be deducted another $147.81 because I apply for only $492. This fee is very high.
    Thank you

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  • Michael    May 20, 2019

    Thank you once again for the loan which I used to add an Mpesa to my business,this loan helping me and my family and the business is up with almost 30% increase income.
    Thank you so much

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  • Michael    Apr 22, 2019

    Good evening lenders.
    I wish you a blessed week and thank you for the good collaboration that you have to help the needy peoples around the world.
    I would like to thank the almighty for blessing my business and make me able to almost complete my loan,it's not an easy thing but am almost there.
    Thank you Zidisha team for good job and helping me to achieve my dreams. The work is ok and still going strong, thank you so much.

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  • Michael    Mar 21, 2019

    Hello Zidisha,
    I'm humbly requesting to reduce my installment due to low income for now.
    Please allow me to make changes for few days and I promise I will be back in track once business back to normal thank you

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  • Timothy    Mar 8, 2019

    Malal had confirmed that he will make repayment today in the afternoon.

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  • Timothy    Feb 8, 2019

    Malal has confirmed that he will make repayment today.

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  • Michael    Jan 1, 2019

    Happy new year to all lenders, thanks for the great job you doing.
    Hope all will be well in this January and i believe that business will be fine so that i can pay my loan on time.
    Everything is fine on my side the business was fine too, and also the holiday was good too.

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  • Michael    Dec 16, 2018

    all is well my lenders and i priciest the good things you have been doing. every thing is well and okay on my side

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  • Michael    Nov 19, 2018

    morning lenders. so happy with the loan and the business too.
    its another week and i pray the almighty to protect as and to bless the work of my hand.
    Thanks ones again.

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