Entrepreneur
Name
Nicholas
Member since
September 2012
On-time repayments
35 installments • 66%
About Me
I live in Kiptangwanyi shopping center which is approximately 43km from Nakuru town. Nakuru town is our nearest major town within this area. I am married with one child who is in school. I live in plot number 93 at the shopping center where I carry out my business with my family. My business entails a wood workshop at the shopping center. I make all sort of wooden furniture in my business.
My Business
My business entails a wood workshop at the shopping center. I make all sort of wooden furniture in my business.The goods that I make I sell them to residents of this areas and others I take them to nearest major towns such as Nakuru, Gilgil and Naivasha. The main challenges that this business encounters are drought which affects the market, lack of finance to expand the business and high cost of electricity.
Loan Proposal
Dear Lenders,
I would like to use the loan that I will get from Zidisha Organization to buy a rolling machine and a carving machine. This will be very important in my business as most times I have to pay for these services. This has prompted me to decide to buy the machines so as to reduce the cost and increase production in my business. I will also be able to produce more quality products as I will be doing the rolling and carving by myself.
Feedback
Positive
15
Neutral
None
Negative
1
Loan Info
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Oct 4, 2012
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Southampton, United Kingdom
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