Name
Ruth
Member since
August 2017
On-time repayments
114 installments • 13%
my name is Ruth, I am the first born in a family of eight. i was born in a humbIe family and am a form four leaver and i passed with good grades but was unable to continue my studies due to financial challenges .my parent were not able to pay my school fees. I decided to do business to help my parents in providing for the family and also in educating my siblings
I do supply cereals like maize and beans to schools, institutions, and milling companies. I take my products from farmers at a lower reduced price that is at $20 per bag of maize and sell them at least at 30%profit and sometimes even more.and $ 12 for a bag of beans and sell at $20 making a profit of $8 through this I have been able to pay school fees for my siblings and help my parents in their daily needs
with the help of zidisha family I plan to use this loan to expand my business. I realize that their are more demands of my products in schools, hotels, hospitals and individuals. i will buy 5 bags of maize at $100 and sell them at $150 making a profit of $50 also i will buy two bags of beans at $20 and sell them at $40 making a profit of $20 I already have orders waiting to deliver so I know I will not let down my lenders. the profits from this business will help me in paying my siblings school fees and even growing my business
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$125.00
Date disbursed
Jan 23, 2018
Repayment status
Late
Projected term
23 months
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