Name
Magdalene
Member since
February 2015
On-time repayments
37 installments • 51%
Am magdalene Njeri aged 26 years currently living in Nairobi kahawa wendani area.After completing my teaching course it was hard to find employment so i thought of starting my own business.i started my shop 18months ago and i can say it has been going well as it has been paying my bills.I however have plans to make it a big business,provide employment to others and ensure my financial freedom.
My business is located at Kahawa Wendani area about 300metres from Thika super highway.It neighbours betty's lounge and opposite graphiq africa.The area is a very serene business environment as there are very many residential houses around.
It is a shop where i sell household goods e.g rice,flour,sugar and many more.i earn between 120-150 dollars per month where i use the money to pay for house rent and pay other small bills.
My shop has been doing really well since my first loan thus i was able to repay early and i am really greatful for the support you gave me.
Hopefully if i get my second loan i will start purchasing my stock one by one in wholesale so that i can enjoy discounts and economics of buying largescale,it includes saving on transport cost that i use each time i purchase goods.I will start by purchasing maizeflour bales and will slowly introduce the others later.
I believe that with this extra profits that i will get from reducing my expenses and earning more my shop will soon grow to become a wholesale shop.I will really appreciate your assistance
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Project Type
Classic Loan
Disbursed amount
$93.00
Date disbursed
Aug 3, 2015
Repayment status
On Time
Projected term
3 months
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