Mary Kazungu
Mtwapa, Kenya
42% repaid
Name
Mary Kazungu
Member since
January 2013
On-time repayments
357 installments • 77%
Am mother of six children living in musumarini, Kikambala. Am a businesswoman doing my business in mtwapa and the other surrounding i do my business as door to door service. My first child is girl and she is married and settled with her husband, the second is a a girl and also married the third is a boy, he fished his secondary school education but due to unemployment, he is doing casual jobs, the fourth is a girl and also married, the fifth is a boy and is in primary school, in class six, the last is a boy and in class five. I live with my last three children in Musumarini. I started doing business because i wanted to meet my family needs.I first started with tailoring business, and later i introduced the boutique selling second hand clothes.This business really helped me with my family upkeep.With my income from the business i buy food for the family paying rent at the boutique, and paying school fees.
My business is a combined boutique and a tailoring shop, these combined businesses gives me a good help in my family upkeep. This business is doing well especially, the boutique which i do a door to door service, this business does better because i go to the customers right to their houses. with this door to door service target all age group as i meet them at their residential places this business is profitable as i get my family needs without any problem. With this business i get an income of ksh 30,000 per month. in this business my risks include, rainy season, this affects as i walk doing the door to door service so its hard to walk in such weather.With the income i get i use ksh 5,000 for my family food, ksh 4, 000 paying school fees, ksh 5 for my family expences and other family needs. i save ksh 16,000 per month, which i can use to repay my zidisha loan.
I managed to buy a piece of land on which i want to invest into farming. with this loan i want to start a vegetable project. I will make a good nursery for tomatoes, kale, and spinach as these do very well here. So with the loan i will use Us dolars 100 to buy a water tank pipes and labor for the fitting of the tank. I will use Us dolars 500 to dig a well, in my area we have we have good water and not very deep you get water at a depth of 35 to 50 feet deep so this will help me so much, Then i will use Us dolars 300 for preparing the land. Then i will use Us dolars 50 to buy the vegetable seeds , I will the rest to add more stock to buy existing business. This will be so good as we approach the Christmas season this will boost me so much.
Positive
8
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$1,221.93
Date disbursed
Nov 18, 2018
Repayment status
Late
Projected term
34 months
Cost to entrepreneur
Service fee: $51.49
Credit risk payment:
$154.46
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Ahadi Apr 9, 2017
Mary Kazungu Nov 7, 2018
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