10000/= mpesa float 2000 increase sugar stock

Maurine Asiko

Busia., Kenya

100% repaid

Entrepreneur

Name

Maurine Asiko

Member since

January 2014

On-time repayments

21 installments  •  57%

About Me

am Maurine asiko am a firstborn in the family. I and two other siblings are supported by a single mother. I was born and grew up and live in Busia town. I schooled at ngia girls high school .while I was in school I took business studies as my optional subject from where I got a motivation to create my own shop to help me and my mother to keep life going from the small pocket money had saved plus the support from my mother .
I started the business with ksh.20,000 which I started t with selling of cakes and sodas which the little profit I was able to add some good to our small shop which where sweats and I was able to get a small refrigerator to preserve my good such as cakes and soda. Currently I have a stock worth 80,000 which is so impressive to me which has give the hopes of getting these loan to so as to reduce challenges of the business
After two years on the business I was able to get a shop in town which has attracted many customers because is situated at the middle of town where many people pass to Uganda and in Kenya
I started the business so as to create job opportunity after school .I completed my form four last year and am keeping myself busy with the shop .

My Business

I run a shop in Busia town next to samba coach booking office .My business has one refrigerator. The business is purely a sole proprietor of which i started with the capital from my savings and the and the saving of my mother

The demand is high the fact that Busia is situated in Kenya Uganda border so most of my customers are those who want to cross the border .so I sell by good to majority

My business is profitable because i have so many customers so the more i serve the more i earn. The challenge am facing is just lack of capital to expand my business the demand is high than I have .

My monthly usage is as follows KES 4000 rent,KES 40,000 for the stock and KES 5000 for other expences.Frofit ranges from KES 10000-15000 per month. The loan i will used to modify my business and its the business that will repay the loan. And with these I will be able to support my mother and my siblings with less stress.

Loan Proposal

am greatfull Zidisha for the great chance you have given me and my business at large . Honestly i an very happy since my business is fully funded by zidisha . i want to take this opportunity to ask for my second loan. with this loan i will use 10000/= to increase my mpesa float since i have acquired one n i have customers at my home who are frequent and their with drawal and deposit motivate me to increase the float i will use the remaining 2000/= to add sugar stock on my retail shop. to day i want to say am exited to ask for this loan because my business has moved a step ahead from where it was thanks Zidisha.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$148.52

Date disbursed

Aug 27, 2014

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $148.52 at 8.67% annual rate over 3 months = $3.47

Service fee: $1.43

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