Entrepreneur
Name
Henry
Member since
July 2014
On-time repayments
268 installments • 81%
About Me
My name is Henry Muya, born in Nakuru County in the Rift Valley region of Kenya. I was born in a family of nine where I am the fourth born. My parent are small scale farmers in Nakuru. I went to local schools for my primary and secondary education and then enrolled in a college where I got training in computer applications and Business management. I have done a course in Accounting here in Mombasa.
After my college education, I was employed to work in a micro-finance in Mombasa where I worked for three years. I later quit my job due to strong desire to start my own business. I started small by starting an mobile phone accessories shop which later expanded to include mobile money transfer which is very popular here in Kenya.
I am married to one wife.
My Business
My business entails sale of cloths and mobile phone accessories and mobile money transfer popularly known as Mpesa. The business is located in Mombasa in an area which is densely populated. I get my stock mostly from Nairobi but I am hoping to start traveling abroad to get them from the source market. My products range from phone chargers, batteries, earphones etc. All these products are very popular with the masses and I am always assured of a steady flow of clients.
On the cloths business i mostly deal with men's shirts and trousers which move so much because of the location of my business
The business is quite profitable and I usually make a net monthly profit of about $400. This business two businesses has potential to yield much more if given much needed capital. I have a strong desire to expand my business but this is only possible if I can access credit facility hence my decision to continue with Zidisha.
Loan Proposal
Given this Loan am going to buy 5 bales shirts worth 500usd and 1 bale of trousers worth 100usd and balance of 100usd i will add to my mpesa capital.With the addition of this goods in my shop am planning to employ one young man to help me in the shop because i have already expanded the shop.I expect the profit to increase to 400usd from the current 200usd.This is going to make a big impact in my families life and also for the young man that i will employ.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$720.00
Date disbursed
Feb 19, 2017
Repayment status
On Time
Projected term
35 months
Lenders
Arlington, United States
Orlando, Florida, United States
Amsterdam, Netherlands
Stamford, USA, United States
Germany
Fontvielle, Monaco, Yemen
Austin, United States
Washington, DC, United States
United States
United States
United States
Canada
United States
United Kingdom
United States
Germany
Bonn, Germany
Belgium
Germany
United States
United States
Germany
United States
United States
United States
United States
Colorado Springs, Colorado, United States
United States
India
Lima, Peru
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Germany
Switzerland
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Day Family Apr 25, 2019
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