Purchase of retail products

William

Nairobi, Kenya

100% repaid

Entrepreneur

Name

William

Member since

July 2017

On-time repayments

12 installments  •  42%

About Me

my name is William Siwa a husband. of but one wife and two children, 9 and 12 year old. I currently reside on Kenya.

My Business

I'm currently running a restaurant for the past 6 months . it's slowly picking up with the possibility of growth in the coming much. we have no specialities but our focus has been on local Kenyan dishes with lunch beingbthevkey driver.

Loan Proposal

we did conduct some research on Kitengela and Athi river as part of our business. One interesting thing we found was that second to Hardware , beauty products was the next big income generating business. as a result , to supplement part of the consultancy income we started a small cosmetics business with particular focus on perfumes and other scents. business has picked up quite well. payments are slow in coming but theargins are good. With 500 Bob I am able to get a few more products that I can resell at a profit. we are looking at margins of between 100 to 200 %. I am in this for the long haul. I'm sure with hard work and discipline I will make it. thank you.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Aug 4, 2017

Repayment status

On Time

Projected term

5 weeks

Lenders

Zidisha

Sterling, United States

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  • William    Dec 25, 2018

    The last loan was quite helpful.Helped a lot in meeting the little day to day operational costs that keeps the company running behind the scenes.

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  • William    Oct 10, 2018

    The loan advanced has made a big difference. My working capital has improved and the business is close to being self supportive.

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  • William    Sep 26, 2017

    Dear All

    Thank you very much for the support. I will definitely come back with some good news.

    Cheers

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