David

Kiptagwanyi-ngecha, Kenya

Funds disbursed

$0 to go

100% funded of $500 goal

0

days left

Entrepreneur

Name

David

Member since

October 2012

On-time repayments

64 installments  •  0%

About Me

am married with 5 children who are all schooling i live in kiptagwanyi gecha village plot no 224. being the one of the 8 vilaage in kiptagwanyi.kiptagwanyi is about 43 kilometer from nakuru town which is the major town in this area. i started this business of collecting milk and selling after realizing that it is profitable as many people want milk and thy cant access it so i collect to the farmers who has the cow and at that time there was no company that was buying milk, not like now, and also know it is better because i buy also from the farmer who have small quantity and i sell it to the company making my end month money more than others who sell there own. but i have a problem earlier i was transporting the milk using the old motorbike but it breakdown thus made me to transport using hand and make my work harder , and having this big family i must work because thy depend on me. if i can get loan i want to add the money i have and buy a new bike so that i can buy more milk from the farmers the money i got caters for my family food and children education and i save some.

My Business

my business entail in collecting and selling milk from the farmers to the company and i sold also to the hotel around for the day to day use but from the company pay the company pay after 1 month, the business is profitable and the demand of my product is very high in this area. the main challenge is luck of finances, poor road, high rate of poverty in this area, and also high interest rate from the micro finances around this area that made as poor because after paying back you remain with nothing thus making impossible to develop in business

Loan Proposal

dear lenders my business of milk buying and transport have became very difficult because i use bicycle to transport milk to my milk bar and also to the brook-side destination where lorry came and pick it.in this loan i want to buy a motorbike to make my work easier and affordable to buy milk to the farmers who have a small quantity. in that way i will be able to collect as much milk as i can and also quicker

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$500.00

Date disbursed

Dec 14, 2012

Repayment status

Late

Projected term

65 months

Lenders

AWOL

USA, United States

EricDWalters

Rochester, Mn, Usa, United States

M

MiguelGago

Guimarães, Portugal

torelizer

Reggio Emilia, Italy

S E C King

Worcester, United Kingdom

Kjartan

Oslo, Norway

russell

leicester, United Kingdom

Sundstroms

Falun, Sweden

Creole1

Mobile, Alabama, United States

T

Texas

Houston, United States

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  • analinjsaturria    Aug 19, 2013

    Dear lenders,

    This is Analin Saturria McGregor, Country Liaison Manager at Zidisha. One of my responsibilities is ensure follow ups with our clients in arrears is conducted in a timely manner, and our interactions with clients take place in a professional and effective, yet humane fashion.
    We have exercised several options to follow up with David regarding his loan repayments. Our attempts to work with David in adjusting his repayment calendar to his payment capacity began back in February. Our interactions with David have been met with different degrees of responsiveness. Similar experiences have been reported by our contacts in his community - including his referring official and former Volunteer Mentors. David has listed several reasons for his unpaid past due amounts - among them, payment of school fees and drought affecting his dairy business. We've advised David to stay in contact with us regarding assessing his current payment capacities to work his way to catching up with his repayments.
    We will continue updating you as we receive more information.
    Thank you for supporting our members!

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    • S E C King    Feb 5, 2014

      Dear Analin,

      I don't suppose you might have some further update regarding Mr Macharia's business, and if/when he might be able to make some repayment?

      Many thanks.

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  • David    Jun 7, 2013

    dear lenders,my business have gone down to zero and forced to close,but because i am a farmer i expect to pay from this product until i get another money to return to the business,the cos of my business collapse is luck of milk and i think i will change my business so that i can prosper as i have children who depend on my effort to pay for their school fees and food. thanks

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  • David    Dec 15, 2012

    thank you lenders and zidisha for completing my loan in time when i was in a corner because of my work being very hard in transportation, but now i have hope that the problem is gone as i plan to buy a motorbike so that my business can be easier and able to support my family without difficulty ,thank you very much and GOD bless you and bless the work of your hand. from the bottom of my heart i thank you all

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