Entrepreneur
Name
Fredrick
Member since
November 2014
On-time repayments
279 installments • 13%
About Me
I fredrick ndwele and i am now 23 years of age born in Homabay county.The son of historical peasant late Mr.Onyango.If i can remember i raised in a family where the poor could called as poorest but i thank God my life is changing though i did not have the chance to have higher education because my father could not even talk about taking a child to school leave alone if able to afford.It's good the best i got is the bursary fund which help me to get high school education and it was the end of education for me despite the good grade i attained.
After high school a good neighbor who is an electrical took me to work with him in the field with his installation work.From the little amount i started my own business which is now my whole life.
My Business
Now i am a successful food sell in molo town.I make chips from irice potatoe,small fish also known as 'omena',fish balls and fresh juice.Chips is the most demanded commodity among my products especially lunch hour and omena and fish ball are really demanded in the evening for dinner.
I choose this business because food is demanded everyday in life,it is not seasonal like other business.As i does my business everyday i get more passion as more and new customers always comes in.
I can say my cost per month is approximately $250 and an estimated profit of $180.My profit i do usually support my mother,myself and the little remaining reinvest in my business.
My main challenge has been lack of enough capital to expand my business as what i earn right now is little though i do always try to plough back the profit.I am now happy this problem will come to an end by getting zidisha as we will work together till the end.
Loan Proposal
I take this opportunity to first thank all those who have supported me this very far,your contribution is really changing many lives.My family have something to smile about because of your contribution support towards my business.This time i come before you again requesting for your support to buy the following,
$200 i will use to buy small but new electric frier for chips making.This is relatively cheaper as compared to using firewood.It will help me save up to 50% fuel cost hence increasing my profit.Also it will increase my speed of work as compared to using firewood hence i will be able to serve more customer leading to higher profit.
$100 i will stock four sacks of irice potatoes for chips making at the wholesale price which is relatively cheaper as compared to retail price hence giving more profit.
$50 i will use to buy small fish(omena) for resale because during this dry season there is very higher demand because there is little green which is more expensive than omena.With higher demand higher sales more profit is expected.Thank you 'Asante sana'
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Loan Info
Project Type
Classic Loan
Disbursed amount
$294.00
Date disbursed
Apr 13, 2015
Repayment status
Late
Projected term
60 months
Other loans
Lenders
Bridgton, United States
Lincoln, United States
United States
United States
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