212 installments • 50%
My name is Christine Kendi. I was born Meru which is on the eastern side of Kenya. I am the first born in a family of 6. My parents are peasant farmers and they grow food crops which is mainly consumed by the family.
I grew up in the same area facing normal childhood challenges in that rural area. The area has poor infrastructure and we grew up without luxuries such as electricity and piped water. I however navigated life safely to adulthood after completing my primary and secondary school.
I later joined college where I did a course in human resource management. I later got a salaried job where I worked as human resource manager. My contract ended and then I decided to start my own business.
I decided to start a mobile phone business since this type of bu.siness was doing very well at the time. I am still doing the same business to date
As mentioned above, my business deals with sale mobile phone accessories as well as money transfer business. This is a sector that has been growing rapidly in the last few years and I expect the growth to continue in the next couple of years. The phone accessories are in high demand mostly by the young people.
My monthly income from this business ranges from 150 USD to 200 USD net. I spend about 17 USD to cover overheads such as rent, water and electricity. I use the income from this business to run my home budget and I put some of it back in business to accelerate growth.
My business has been growing steadily for the last couple of months. This is as a result of dedication and hard work. I hope to make it grow even faster by accessing credit from Zidisha micro finance.
I plan to spend all this amount by buying 2 dozen low end phones. These type of phones are very popular with the low income earners who are very many around this area. My profit margin is about 30% and so I expect to make a good profit out of this venture. I will use the profit to repay this loan and also to grow my business even further.
Sep 22, 2016