Entrepreneur
Name
Nancy
Member since
May 2016
On-time repayments
191 installments • 38%
About Me
I was born in Transnzoia county being the first born in our family of 6 children.I went to kipsaina primary school before i joined st Joseph's girls high school. Due to high cost of living my parents were unable to rise my fees and I had to drop out of school. I started growing vegetables and sell them to the nearby markets of which I saved at least 40%of my income. I decided to start my own business of buying furniture from Carpenters and sell them to people in town. As there was higher demands in the city than in my locality,I moved to the city where am still running it and is doing well. People in my area are very generous, religious and social. I would like my children to be business minded ready to serve the society and believe in God .
My Business
I sell furniture like tables, cupboards,wardrobes and wall units which I buy in wholesale from Carpenters and sell them to customers in retails I chose this business due to its high demand and profit returns. Since i joined zidisha my business has generally uncreased changenged my life as my profit has increased due to more stock have and sell i sell them to my customers at relatively low price compared to other sellers.In a good week now I spend $300 in buying furniture and sell them making a profit of over 45% and this has greatly improved through you support on my first loan that i was able to clear it on time.I use the profit to grow my business, pay rents, buying my daily needs for my family and pay school fees for my children and my brother who is to join the university.
Loan Proposal
I will some furniture on the stock that is tables= 90$, wall units= 240$,beds=180$ and relocate to a larger show room =70$ where I will plant a bed saw machine=300$ to aid in manufacturing of boards and timber into furnished furniture. I am planning to employ three workers who will aid in management of the business and pay them from the profit that will be made from the showroom. Each employee wage would be 100$ .Thus the profit expected to increase to 600$ per month as I hope.Thank you my lenders.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$876.00
Date disbursed
Jun 10, 2017
Repayment status
Late
Projected term
33 months
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David Alcott Jun 3, 2017
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