Capital to register my business and buy stock

Nelly

Nairobi City, Kenya

100% repaid

Entrepreneur

Name

Nelly

Member since

August 2016

On-time repayments

146 installments  •  6%

About Me

Am a college graduate currently working as an administrator but also involved in part time businesses.
I grew up in a family of 9 and have worked tirelessly through school life and general out of school life to ensure ends meet
The land i live in is so harsh that even if you are on salary the money isnt enough hence you need to look for something extra to earn extra cash and thats why idecided to get involved in other business so us to make aliving.
Am talented in giving of hospitality, child care management, have done community health nursing so all theelse is credit to my work and business

My Business

As the year 2017 began I decided to start adaycare to help the parents more so young parents in taking care of there young kids because the housemaids have become so inhuman charging them areasonable fee and affordable one
In these kind of business am able to get a weekly collection hence be able to pay my bills,fees for my son and put food on the table

Loan Proposal

Full registration of all my businesses $200
Buy eggs a stock of $100
Buy baking ingredients a stock of $100
Buy stock of the plastic cups,bags etc $ 100
When i fully register my business and not working in house all be a ble to be reached faster by my clients
Once i have stock am able to be a constant supplier hence would not fail my clients once they give me any order at any given time.
My profit will increase by 50% with these stock at hand

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$509.00

Date disbursed

Oct 31, 2016

Repayment status

On Time

Projected term

3 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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  • Nelly    Nov 21, 2017

    Hallo Zidisha, am sorry for after loss of my mum I lost my job, am.jobless and trying hard to get capital start over again the daycare business in order to pay loan

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  • Nelly    May 15, 2017

    Hallo I lost my mum so ihave not been able to pay loan as per the stated day but starting the Sunday of 21st all repay as scheduled hope you understand thanks

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  • Nelly    Apr 6, 2017

    These adjustment is because schools have closed and most of the parents are woth the children so my collection is reduced but all adjust to higher amount once schools open

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  • Nelly    Feb 7, 2017

    Given the loan am able to buy television for the kids entertainment and buy more toys for the kids
    Thank you all for the funding.

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  • Nelly    Oct 30, 2016

    Thanks so much for the loan offer
    As I stated am going to improve my business from house to ashop where people will assess easily
    All be able also to buy more stock hence clients will not miss on any of my goods I offer.

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    • Nelly    Oct 30, 2016

      I missed on the whole idea
      Am getting 501/= via mpesa instead of the requested amount how?
      How will I repay for aloan that I have not received fully?
      I don't understand, am in need to progress then am sorry need clear elaboration zidisha

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    • Nelly    Oct 30, 2016

      Idont understand how

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    • Nelly    Oct 30, 2016

      I was thanking for aloan that ihad not even received!
      I thought am getting it all in wholesome for me to improve my business.
      Surely

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  • Gabriel    Oct 29, 2016

    Dear Nelly,

    Your loan is fully funded. However, I would to bring a few items to your attention.
    You requested for $509.00 (Ksh. 50,900) and presume you know the amount that will be disbursed to you.
    The following are simple breakdowns.

    • You will pay a lifetime Zidisha membership fee of $50.95
    • The total cost of the loan (service fee) of $25.47
    • Member loan fund of $428.01
    • Summing up, the entire amount comes to $504.43, which shall be deducted from your loan before disbursement.

    Therefore, you shall receive $4.57 as the net amount that shall be sent to you via Mpesa.
    Although paying the $ 428.01 into the member loan fund opens you to a higher credit limit, you need to be certain that your business is doing well enough to facilitate consistent repayments. It will be unwise to expect to receive the entire sum of money, which is not the case, and truly, you need it to grow your business. I would advise you to start small and grow slowly. I am not discouraging you in any way, just my opinion.

    Higher Regards

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    • Nelly    Oct 30, 2016

      I may have missed on the entire concept
      Why am I getting 501kshs ?
      How will I get the remaining? How do I pay for aloan I have not received in wholesome?

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    • Nelly    Oct 30, 2016

      Its ridiculous here

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  • Gabriel    Oct 17, 2016

    Dear Nelly,
    Please change your profile picture to reflect you doing the business, check few Zidisha profiles for some examples. Comprehensively, explain to your lenders how you intend to invest the money; not just simple breakdowns.
    Regards.

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