Buying another new motorbike to employ new staff
Morrison
Thika, Kenya
100% repaid
Entrepreneur
Name
Morrison
Member since
August 2015
On-time repayments
288 installments • 88%
About Me
Im Morrison wanyoike Ndungu, born and grow up in Mt Kenya Region Muranga county. I attended kagira primary school where learning was not walk over things since the society itself was hindrance and environment. God willing I managed to complete my O level and join secondary school.
I later join Excel Institute of Professionals where managed to pursue certified public accountant and it was point business ideas come into my mind. Together with my saving and Zidisha Lenders I managed to start motor bike business which has grow rapidly within a period of 3 years. I thanks team Zidisha since I have managed to buy three motor bike where I have employed three people hence improving there living standards.
The challenges concerning my business simply include lack of funds, environmental change ie Rainy season and mechanical breakdown. I have managed to open a new Take away shop ie Chips shop which has help to finance these businesses asp attached photo in my Zidisha profile. And that is the reason I’m requesting for fund to finance these chips shop.
The environment I’m operating Chips shop is favorable since youth do like a lot take away foods and are the most dominant. The weather and society is more friendly to an extent that soft drinks do go hand in hand with Chips.
My children want to grow up being entrepreneurs and financial independent plus help the society to realize its purpose. They look at me as their role model since I have taken big risk to open more business which has take great mile and has positive impact to society.
My Business
My business is Take Away shop mainly selling chips to youth and society at large. The business is situated at strategic place where customers can walk easily to shop.
Chips are mainly in demand since the surrounding is full of young generation in collage and secondary who like a lot take away food. They dislike cooking in their hostels and home so it favors my business a lot.
The reason behind choosing this business mainly is to create a solution to society and reduce the gap of wondering what I might eat today. And also the business itself is friendly to society since no noise or air pollution which might have hinder its grow and governing laws.
The associated cost with my business include Rent, Salaries, buying of potatoes, oil and Buying of other materials like kitchen items, refilling of gas etc. The revenue realized per day is ksh 2000 on peak day but on off peak day is ksh 1000 so I thank almighty Lord for this far plus team Zidisha for steady fasting my growth.
The profit realize I used to pay school fee for my kid, some I plough back to business to facilitate its growth and also when I’m called upon on fund raising committee I do attend and support the society with some of profit.
Loan Proposal
i will utilize these fund to buy another new motor bike so that i can employ one new staff. in these case i will have more income whereas supporting the society by creating new employment. These will help me to increase my income which boost my revenue of the month, thereby repaying well my dues on zidisha. thanks in advance for you continued support.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$449.00
Date disbursed
Sep 22, 2016
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
Fontvielle, Monaco, Yemen
Australia
United States
United States
Germany
United States
United States
Germany
Austria
Brussels, Belgium, Belgium
United States
Summary
Amount repaid
$449.01
Amount remaining
$0.00
Date repaid
Jan 18, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 4, 2016 | $15.12 | Oct 4, 2016 | $15.12 |
| Oct 11, 2016 | $15.12 | Oct 11, 2016 | $15.12 |
| Oct 18, 2016 | $15.12 | Oct 16, 2016 | $15.12 |
| Oct 25, 2016 | $25.21 | Oct 25, 2016 | $25.21 |
| Nov 1, 2016 | $25.21 | Oct 25, 2016 | $25.21 |
| Nov 8, 2016 | $25.21 | Nov 6, 2016 | $25.21 |
| Nov 15, 2016 | $25.21 | Nov 17, 2016 | $25.21 |
| Nov 22, 2016 | $25.21 | Nov 23, 2016 | $25.21 |
| Nov 29, 2016 | $25.21 | Nov 23, 2016 | $18.15 |
| Nov 30, 2016 | $7.06 | ||
| Dec 6, 2016 | $25.21 | Nov 30, 2016 | $4.03 |
| Dec 8, 2016 | $21.17 | ||
| Dec 13, 2016 | $25.21 | Dec 21, 2016 | $25.21 |
| Dec 20, 2016 | $25.21 | Dec 21, 2016 | $25.21 |
| Dec 27, 2016 | $25.21 | Dec 28, 2016 | $25.21 |
| Jan 3, 2017 | $25.21 | Jan 3, 2017 | $25.21 |
| Jan 10, 2017 | $25.21 | Jan 10, 2017 | $25.21 |
| Jan 17, 2017 | $25.21 | Jan 13, 2017 | $25.21 |
| Jan 24, 2017 | $25.21 | Jan 18, 2017 | $25.21 |
| Jan 31, 2017 | $50.73 | Jan 18, 2017 | $50.73 |
Ask Morrison a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.