Zidisha |

Teresiah

Nakuru, Kenya

2% repaid

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How it Works

Entrepreneur

Name

Teresiah

Member since

December 2011

On-time repayments

35 installments • 40%

About Me

My name is Teresiah Watati. I am a single business lady working very hard to raise my child and educate her to achieve the best in life.

My Business

My business is a wholesale. I buy goods in bulky and sell them at a whole sale price to other shop keepers who retail them. I make small profit but the goods are fast moving because they are sold in bulk. Therefore i can sell so much in a month ending up making quite a substantial profit of about ksh 50,000 The business does even better during festival seasons when people from the towns visit their relatives in this part of the country. The visitors buy so many goods for their relatives and this helps so much in the business. However, during this period, transport is expensive because a lot of people are travelling. It is therefore advisable to have a big stock to last through a long time to reduce the travelling during the festive season.annual income 600000
I also do farming. I plant maize for home consumption but sell the surplus making about ksh 80,000 per season especially when the market is good.

Loan Proposal

Am very grateful for the previous loan you lend me since it helped me take my business to another level.i will use the second loan to increase my stock due to the increased number of customers.i will also buy a motorbike to help me transport goods to my customers.i will also hire three workers to help me in the business which is now very busy. i would also like to use the cash to enable me harvest in the farm by hiring laborers.