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.
Feedback
Positive
17
Neutral
None
Negative
5
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,150.00
Date disbursed
Oct 1, 2013
Repayment status
Late
Projected term
17 months
Other loans
Lenders
United States
Ask Teresiah a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...