I am going to add more stolk in my business
Benard Otieno
Mombasa, Kenya
29% repaid
Entrepreneur
Name
Benard Otieno
Member since
June 2017
On-time repayments
51 installments • 47%
About Me
I Benard Otieno was born in 1977 in kisumu county,i completed my primary education at ranjira primary in 1992 then joined otieno oyoo high school u ntil 1996.I then joined bahari beach hotel as a security guard in mombasa,i lost my job and decided to start my business of vegetable vending until now.I stock tomatoes,onions,bananas,mangoes and others,i have gone through a lot of challenges running from raising capital,drought sometimes push inflation high thus prices as commodities get scarce.Often i have to look for odd jobs at such times to raise working capital to stay afloat on business which wont be as the case after joining zidisha.
My Business
I started this business of vegetable vending after getting frustrasted with formal jobs.I started with a capital of shs2000 only but since these goods are in demand daily i have managed to stay afloat all these years.I have managed to take my children to school with the proceeds from there.I make a profit of between shs600 to shs 800 everyday which helps me run my family plough some back in the business.With zidisha i hope lenders will help raise the much needed working capital for expansion of the business to greater heights,i look forward to warm working relationship with all my lenders.
Loan Proposal
I am planning to take 100 dollars to increase more stolk in my shop and another 100 dollars to use in opening asmall paraffin shop and the remaining 130 dollars to prepared my children for opening school next year.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$346.00
Date disbursed
Dec 25, 2017
Repayment status
Late
Projected term
7 months
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