A loan to boost my alternative medicines inventory

Sarah Wanjiru

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Sarah Wanjiru

Member since

December 2014

On-time repayments

96 installments  •  47%

About Me

My name is Sarah Wanjiru, . Wanjiru was born in Malaba near the Kenya – Uganda border where my parents worked. Malaba is a small busy town where there is a lot of cross border business and there are many travellers at any given time.

I was educated up to secondary school and later did a course in Clearing and Forwarding. I later did a course in computer applications. I grew up helping my parents in their daily chores.

After my education, I got married to a man who lived in my neighborhood but we later re-located to Mombasa to start a business there.

I am a mother of two children aged 12 and 3 years old.

My Business

Mine is a joint venture with my husband. We deal with selling of herbal medicines which are widely used in Kenya as alternative medicine. They are preferred by a good number of people because they are affordable and have no side effects as compared to conventional medicine.

We source or raw materials from Nairobi, and neighboring countries. The base material for most of our products are nettles, aloe vera , garlic eucalyptus etc. Our products control many conditions such as common colds, blood pressure, boils, tonsillitis, malaria etc.

We are fully licensed by the Government of Kenya to undertake this business. We make a profit of about $450 per month and this is what sustains the family. I am hoping to expand my business in future by opening more branches in the neighboring towns so as to maximize my profits.

Loan Proposal

If given this money, I will spend it by buying a sackful of ground nettles which forms the base ingredient of most of the concoctions that we sell.

This will cost me $80 and I will use the balance to buy packaging material. I will be able to pay my weekly installments comfortably since I have a stable income from my business.

I hope to be getting credit from Zidisha regularly and this will become part of a bigger plan to expand my business. Thank you and happy holidays.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.18

Date disbursed

Dec 28, 2014

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $100.18 at 4.52% annual rate over 2 months = $0.87

Service fee: $0.71

Lenders

C

cpaci01

Medford, Massachusetts, United States

O

ochunshoney

charlotte, United States

nmatpt

Lisboa, Portugal

T

TedEBear

Sparks, United States

W

WidoStar

Bad Karlshafen, Germany

I

ingredion00

Indianapolis, United States

E

EjLehar

Galesburg, United States

A

alazybum

Australia

P

paulk

United States

T

toulouse

United States

P

Prometheus

Duisburg, Germany

Tanya

Nelson, New Zealand

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