Entrepreneur
Name
Serah
Member since
May 2012
On-time repayments
69 installments • 25%
About Me
I am single with 8 children four of them who are schooling. I live in Kiptangwanyi shopping center about 43km from Nakuru town. I live in my own plot which is plot number 21. I operate cereals shop at the shopping center. I buy cereals mostly maize and beans in wholesale which I later resell to neighbouring major towns also in wholesale with a good profit.I am well known in this area and sometimes I do travel a lot to take my cereals to other towns. This is a business that I do operate with all my heart as I have been able to educate all of my children from the revenues that I get from the business
My Business
I operate cereals shop at the shopping center. I buy these cereals in wholesale and distribute them to major towns in large quantites especially in Nairobi where I have many customers. The main challenges that this business encounter are lack of enough capital, poor roads especially during the rainy season and drought. I hope that the loan I am going to get from Zidisha organization will be of very great benefit in improving my business. This will be of very great help towards the appearance of my business. I already have plans that I know will change my business to the best in terms of service and offering quality products.
Loan Proposal
Dear lenders,
I want to use this second loan that I will get from Zidisha organization to do the following. Firstly, I would like to take the beans that I purchased during the months of June and July to Nairobi for sale. This money I will use for drying the beans and also for transport. The price for beans in Nairobi at the moment is good and this is why I would like to use this opportunity. Secondly, the remaining amount I would like to purchase more maize at this time and store it. This will be sold when the price is good sometimes next year
Feedback
Positive
35
Neutral
None
Negative
1
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,353.00
Date disbursed
Dec 19, 2012
Repayment status
On Time
Projected term
8 months
Other loans
Lenders
*, Afghanistan
CHAPEL HILL, United States
Berlin, Germany
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Summary
Amount repaid
$1,487.82
Amount remaining
$0.00
Date repaid
May 31, 2013
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 14, 2013 | $141.11 | Mar 21, 2013 | $141.11 |
| Apr 14, 2013 | $141.11 | Mar 21, 2013 | $0.07 |
| Apr 15, 2013 | $141.04 | ||
| May 14, 2013 | $141.11 | Apr 15, 2013 | $0.14 |
| May 17, 2013 | $140.96 | ||
| Jun 14, 2013 | $141.11 | May 17, 2013 | $141.11 |
| Jul 14, 2013 | $141.11 | May 17, 2013 | $141.11 |
| Aug 14, 2013 | $106.25 | May 17, 2013 | $106.24 |
| May 29, 2013 | $0.01 | ||
| Sep 14, 2013 | $676.05 | May 29, 2013 | $670.58 |
| May 31, 2013 | $5.46 | ||
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