223 weekly installments • 78%
My name is Cecilia Wangui - born in Central Kenya and later relocated to Mombasa city. I am the first born in a family of three siblings. My parents are small scale business people back home.
I went to primary and secondary school and later joined a college where I did a certificate course in business management. However, I did not secure a job and that is when I decided to start my own business selling wall hangings.
I am married with 2 kids. My husband is also a small scale business man who hawks hardware materials. I am a woman full of desire to succeed and I believe in hard work and being focused in life.
I started my second hand clothes business eight years ago. Later on, I decided to branch off to selling educational posters and school text books. This has proved to be a wise decision and I have since discarded selling of wall hangings to devote my energy and resources into this new venture.
My take home from this business currently ranges from USD 280 - USD 350 but I am hoping to improve on this figure once I boost my stock with credit from Zidisha. Ultimately, I would like to expand and supply on wholesale basis where customers will have a variety of products.
If I am successful in this loan bid, I will spend entire loan in buying a bale of children wear at $150. With this bale in place, I am sure that I will increase my sales volumes and income by about 50% or in the worst case scenario 30%.
I have looked for this credit chance for a long time due to stringent conditions set by local financial institutions. I feel that this is a rare chance to help me and my business realize our full potential.
I will be a committed payer and I hope to increase my installment with the anticipated business growth.
Sep 8, 2014
Cost to entrepreneur
Lender interest: $149.97 at 6.60% annual rate over 6 months = $5.52
Service fee: $4.18
Upon joining Zidisha, Cecilia paid a lifetime membership fee of $8.86.