Name
Esther
Member since
February 2014
On-time repayments
292 installments • 10%
My name is Esther Otwalo. I reside in Nakuru Town at a place called Kivumbini. I am a business woman in Nakuru Town. I am the first born in a family of six children. I went up to secondary school level. After high school, my parents could not afford to take me to college. I therefore decided to start a business of selling fruits and vegetables. I got my first loan from a micro - finance called Uwezo kwa wote. With this money, I paid license for my business, rented a kiosk and bought my first produce for sell. The business has been doing well and With this business, I have been able to help my family members by paying school fees for my younger siblings.
My business is a green grocery; I do and operate the business in Nakuru Town. It’s a fast moving and profitable business. I sell all types of vegetables and fruits. I normally buy my products in wholesale from Nakuru Municipal market and sometimes get them direct from farmers at cheaper prices. The business is profitable as I can get an income of ksh 25,000 per month after paying my expenses. The risk I am facing in this business is dry seasons. During dry seasons, there is shortage of these commodities which makes prices to go up to a level where the customers are unwilling to buy .With the income I get from this business, I use ksh,3,500 for house rent, ksh 5,500 for food, ksh 1,000 for electricity, 600 for water bill and 2500 for bus fare. I am able to save 11,900 per month which I can use to pay Zidisha loan
I would like to take this opportunity once again to thank all my lenders for the support that they have given me. Because of them, my live has now improved. I am now applying for my second loan. I would like to add more stocks of fruits and vegetables so that I can sell in wholesale. I want to be the major supply of fruits and vegetables in my area. So I am planning to add bigger stocks of goods with my second loan. I am therefore humbly requesting lenders to help me by funding my loan. thank you.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$447.00
Date disbursed
May 15, 2014
Repayment status
Late
Projected term
66 months
Other loans
Ask Esther a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.