Stock for grocery shop and school fees for my son

Margaret

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Margaret

Member since

July 2014

On-time repayments

260 installments  •  69%

About Me

About Me (2nd edition)
Who is Margaret Julliet Wambui (MJ)?

I am a single mother of two, who I dearly treasure – Andie (Senior Jewel - SJ) and Alain (Junior Jewel – JJ).

The two jewels give me the gist of fighting a winning battle in this life. Both of them aspire to be pilots and am out to support their dreams. As I fight the good fight of faith, my desire is to leave a worthwhile legacy for them and, I will not, for one repulse, give up the purpose that I resolved to effect. Yes, no chance, no destiny, no fate, will hinder my firm resolve as I am determined to reach beyond the eagle heights for their sake.

My career history
I was in the logistics industry for over 15 years, gaining a rich experience in management. I intend to apply the gained experience and knowledge in my new ventures.

My Business

I enjoy tendering my poultry made up of indigenous chicken. My dream of having my project being a household name still holds. There is no relenting, no matter what. I have not achieved my target but I will keep forging on until I reach my mark. The main challenge has been the lack of brooding within the flock. That is why I intend to get a kerosene incubator. This will facilitate constant hatching of chicks even when the hens do not brood.
With a healthy flock of KARI improved, there will be no struggle penetrating the market. I already have a ready market but I would like to venture further.

Assets
 My poultry basket currently carries 15 hens, 2 cockerels, and 50 chicks.
 The shop has a stock of around 25,000/= face value and fixed assets worth 25,000/=. These include the shop fixtures, the weighing tools, display box, and others
 A plot that is pending development measures 50x50m

Operations analysis
Average shop monthly sales - Kes50000/=
Average shop monthly expenses – Kes4000/= (Inclusive of the shop rent)
Average Household monthly expenses – Kes 6,000/=
Average monthly Poultry feed – Kes2000/=
(New) Online business Monthly income - 15,000/=
Farm produce (pumpkins) – 7,000/= (This year I planted butternuts which I believe will market better than the pumpkins)

Zidisha family
The Zidisha organization is well known to my family, and we are glad to be part of the family. We appreciate all the support and we have no words to say thanks to and the rest of the Zidisha team. Not to say the least, ALL the lenders who in the past have responded positively and timely at the time of the call. To all of you, let it be known that your support has had a great impact on our family.

Loan Proposal

I really appreciate the support received from the Zidisha Family in the past. So far the loans I have received have seen me grow from one level to another. My life has changed so much and I have been able to vend for my jewels even much better.
With the support from Zidisha I was able to take SJ to boarding school, enabling him to concentrate with his studies. He attained 404 / 500 marks, which was quite remarkable.
My bouncing back to the Zidisha family is with the confidence that I will get your support in my endeavors to achieve my dreams. Below is a breakdown of the budget I have at hand:
1. Additional stock for the shop – 100.-
2. Purchase of maize for trading – 70.-
3. 2019 license for the shop – 90.-
4. Part school fees for Senior Jewel – 120.-
5. Reserve fund in case of a new trading opportunity that may come up – 50.-

Projected profit margin
With the increased stock for the shop, I hope to meet my daily sale target of 3000/= which translates to an approximate monthly sale of 90,000/=
The combined profits gained from the shop business, the poultry farming, and other trading lines will enable me to make a milestone in achieving my dreams for 2019 and making my weekly repayment installments.
I say welcome to all lenders to join in my endeavors, thanking you in advance as I look forward to your priceless support.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$423.00

Date disbursed

Jan 9, 2019

Repayment status

On Time

Projected term

5 months

Lenders

P

ploeger

Perkasie, United States

MarktheMormon

Sandy, Utah, United States

L

ldron7

Utah, United States

JimVandegriff

Trinidad, California, United States

Cloudways

Malta, Malta

ads68

Melbourne, Australia

S

sanfransec

San Francisco, CA, United States

M

MikeOWave

United States

SuperMario28

Cudahy, United States

Mike and Jacqui

United Kingdom

Dave Bogard

New York, United States

SteveFylde

United Kingdom

Craig

Memphis, TN, United States

A

Andrei

United States

M

mariamfula

United States

C P

Mazatlan, Mexico

K

Kenny

United States

JA

Jan Andresen

Hamburg, Germany

Ed

Howells, United States

Ren

Minneapolis/StPaul, United States

Romesh Fernndo

Perth Australia, Australia

JA

Joshua Axtell

United States

R

Ralf

Germany

Dean Suminski

Portland, Oregon, United States

Diane U

Olympia, Wa, Usa, United States

R

RMIM

United States

Raoul

Germany

LM

Lee Montecucco

Washington State, United States

Daisuke

Tokyo, Japan

M

Mika

Switzerland

Gandalf

Australia

alexalexalex

Berlin, Germany

RS

Ralph Smyth

United Kingdom

Christine

Munich, Germany

A

Atte

Netherlands

Ask Margaret a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Margaret    Oct 28, 2023

    There are a few changes in my projections. I am in the process of adjusting and will proceed with normal payments shortly.

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  • Margaret    Oct 10, 2023

    Hello Zidisha family. I don't have enough words to express my gratitude to the members who supported my project. This is a major milestone for my business which I intend to optimize in making progress in my business. It will definitely have a great impact on my family, business, and the community.

    Below is an outline of how I intend to utilize the funds.
    Item / Quantity / Price / Amount
    Kitchen gardens / 6 / 2500 / 15000
    Fertilizer / 3 / 100 / 300
    Organic pesticide/foliar feed / 1 / 700 / 700
    Chicks / 20 / 100 / 2000
    Chicken feed / 10 / 70 / 700
    Chicken feeders/drinkers / 2 / 500 / 1000
    Charcoal / 2 / 1200 / 2400
    Phone / 1 / 3000 / 3000
    Zidisha contribution / 1000
    Total / 26100

    By investing the funds, as above-listed, I look forward to:
    1) better vend for my family
    2) Accomplish my farming goals
    3) Expand my culinary business
    4) Achieve my marketing goals for
    a) my products
    b) the kitchen gardens at a commission
    c) organic fertilizer, foliar feed, and pesticide at a commission.

    Yes, six months down the line I trust to be way ahead in my journey.

    Thanks once again to the participant members and the Zidisha family at large. God bless you all abundantly.

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  • Peres    Oct 9, 2023

    Good job

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  • Benbaiz    Oct 8, 2023

    Good luck Margaret

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  • Margaret    Nov 29, 2019

    Full loan paid in August 2019.

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  • Timothy    Jul 2, 2019

    Julliet as assured me that she will be able to make repayment next week Monday.

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  • Timothy    May 30, 2019

    Julliet has admitted to make repayment tomorrow afternoon.

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  • Timothy    Apr 30, 2019

    I have communicated with Julliet and she has promised to make repayment next week.

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  • Margaret    Mar 11, 2019

    Currently facing a slight challenge of low sales but trust will be well soon and will upgrade my installments to my desired amount.

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  • Timothy    Mar 3, 2019

    Julliet assured me to make repayment tomorrow.

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  • Timothy    Jan 30, 2019

    Julliet has assured me that she will make repayment tomorrow in the morning.

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  • Margaret    Dec 30, 2018

    Thanks to the entire team of the Zidisha family and all the lenders.
    The raised funds together with the savings we have will be used to (i) $ 120.- to pay Andie's school fees and do shopping for him. (ii) $80.- Adding stock to our shop (iii) $ 50.- Expand the maize trading section (iv) $ 70.- Reserve for the purpose of the 2019 trading license and other anticipated trading lines. The increased profit margin will help us meet our daily needs, my sons’ school needs, expansion of our shop business and poultry farming, and repayment of the loan. We look forward to repaying the loan in time to allow for further progress.

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  • Margaret    Dec 27, 2018

    Hello Zidisha family and the whole team of lenders. Me and my Jewels are so excited at the progress of the loan. We do not have enough words to say thank you to all of you for the expression of interest in our welfare as a family.

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  • alexalexalex    Dec 26, 2018

    Good luck Margaret!

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  • Christine    Dec 25, 2018

    Good luck and many greetings from Germany

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  • Margaret    Dec 22, 2018

    Been trying to upload some photos of my chicks and pumpkins that are ready for harvest to no avail. Hope this works: majul68.wordpress.com/2018/...

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  • Margaret    Dec 20, 2018

    I have held the loan for quite some time and would wish to clear it soonest to pave way for further development. As earlier mentioned, things are looking up for me - the shop business is picking up well and I would like to introduce some other products that will lead to increased sales. My poultry farming is also showing good signs of improvements. I have also introduced a trading line for cereals and I am trusting God to help me grow up this new line of business.

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  • Margaret    Oct 27, 2018

    Right from the beginning, I had wished to repay this loan in installments of 1000/= per week. However, since I took up the loan I have faced a number of financial challenges which led to my reducing the installments and sometimes missing out on some installments. This year has been the most trying, having lost my 5-9 job in December 2017. Given my age, and driven by the desire to be closer to my children, I decided to venture into what I had always wanted to do - go full blast into my own business.
    It has not been easy, to relocate to a totally new place, not knowing anybody, and to have to start from scratch. I thank God for giving me the strength and courage, that has seen me this far. Currently, I am running a shop, tendering my poultry, and engaging in small-scale farming, as I anticipate to build my own premise (At least I have a plot in waiting as I work out my plan)
    The main reason for adjusting the repayment installments upwards is because I feel the loan has taken too long and I wouldn't like to have it stay much longer. With the steady growth of the shop business and trading of dry maize, I foresee the possibility of clearing the loan at the earliest - I am determined and I know I will make it.

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  • Margaret    Oct 10, 2018

    Me and my son Alain during school visiting day. He is in class 3.

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  • Margaret    Oct 10, 2018

    My story pics

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