Entrepreneur
Name
Elizabeth
Member since
August 2014
On-time repayments
125 installments • 18%
About Me
I am Elizabeth Didimo a mother of five and a grandmother of one,three daughtours and two son and grandson.I do not have much education beyond primary level because my father discriminated girls from going to school and he only educated his sons something that is hurting me to date simply because my husband used to abuse me that i am not educated.But i thank God always for giving me knowledge and luck in business doing and i do the business for servival.I am a christian by religion and i am saved i serve Jesus christ.
I am also a leader in my church and choir member.I like singing so much especially worship songs.
Beside that am also living with my brother's childrens,they are ophans and were left in my hands.
My Business
I am in the business of cerial buying and selling.My products are maize grains,beans and millet but my main product that i buy and sell in bulk is maize followed by beans.During harvesting season i always stock maize of upto $ 1000 and beans $500.I stock this products during harvesting season because during this period farmers do sell them at throw away price then treat to preserve and store for two to three months and sell when the price had increased by 70% giving a profit of almost 60%.
My business is much profitable but we have only one challege which lack of enough capital and timing,meaning during harvesting you should have enough money to do purchase.If i get zidisha loan i hope this challege will be resolve.
Loan Proposal
Thank you very much for your support.My first loan was not that much but now have tried my best and now am able to raise the second loan that will help me now to grow my business.This how i plan to use my loan now
At the moment the price of maize is down because the government have just release maize from the national cereal and produce board .2 kgs tin(gorogoro) is ksh 60 and in one month time it will increase to ksh 80.Now i will use $ 120 to purchase 190 tins (gorogoro)of 2kg each which is equivalent to 4 sacks of 90 kgs each.Each tin i will be making a profit of ksh 20.So 190*17 equal to $60 profit.
This loan will improve my life because the profit i will get,my childrens and grandchild will have something to eat and go to school too as i repay the loan in bit.Thank you
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$106.00
Date disbursed
Jun 2, 2015
Repayment status
Late
Projected term
26 months
Other loans
Lenders
United States
Ask Elizabeth a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.