Another loan to purchase more edible goods in my shop

Monicah

Mawanga Center,bahati Constituency,bahati Sub-county-kenya, Kenya

50% repaid

Entrepreneur

Name

Monicah

Member since

July 2015

On-time repayments

127 installments  •  42%

About Me

Thank you all for the support.My name is Monicah Wangari kabau.I was born in Nyahururu,in a town called Marmanet.In 2010 me and my family moved to Nakuru county at a place called Mawanga,where we have been doing our business.
I am 29 years old and I am married through the Agikuyu customary wedding.Now we are blessed with two children,a boy and a girl.I am a god fearing christian,a loving mother,caring and I am an usher in my church.
At the moment I have a work which is the main back-bone for our family livelihood.I have a shop at the Mawanga center and i sell all types of domestic edible & non edible goods.

My Business

After we moved to Nakuru in the tear 2010,it was tough to get an office employment,which resulted for me and my husband being employed as casual laborers in a nearby factory.We were determined to work harder even sometimes working for extra hours in order to fulfill our dreams of owning a self employed business.
In the year 2012,through our hard work,payers and dedication,this was possible through the small amount of money we were saving.We finally got a saving of Kes.25,000 and we had to look for a room to rent and open a business.I proposed to my husband to open for a grocery shop,which he seconded me of the same.Later after a week,we got the room,which I later went to the wholesale in town to purchase for the goods.The next day i officially opened the shop and i started with selling at an introductory prices,in this case cheaper compared to my competitors within.
The business picked up the sales as days goes by and for God's grace I added another room to expand my small shop.Now I have a bigger room with at least good display to my customers.The shop is normally opened from Monday to Saturday between 06 am to 9;30 pm.
I sell all types of goods,edible & non edible.Currently I am looking forward to expand my shop by purchasing more edible goods,which are on high demand compared to non edible goods.This will make my shop to turn into mini-supermarket,whereby I will also pass the benefit to my loyal customers in all the retail prices of the goods.
By the kind assistance from the Zidisha Microfinance all these is possible.Thank you in advance as I wait for your kind and generous support.Thank you.

Loan Proposal

I thank the entire Zidisha fraternity for the loan .I am looking forward to purchase more bulk edible goods in my shop through this second loan.
The goods as as follows:
1.....Rina cooking oil 20 liters which costs Kes.2,875.(28.70 USD)
2.....4 pcs wheat flour (1 kg pack) which costs at Kes.1,560.(15 USD)
3.....Corn flour12 pcs (2 kgs pack)which costs at Kes.1,180.(11.80 USD)
4.....25 kgs local sugar (repacked)costs at Kes.2,375.(23 USD)
5.......Assorted bar soaps 1 box costs at Kes.2520.(25 USD)

Upon purchase of the above goods my business business will have a good sales after every week sales.Thank you in advance and welcome for funding.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Apr 5, 2016

Repayment status

Late

Projected term

22 months

Other loans

Lenders

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explosionsky

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ads68

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Roy

Espoo, Finland

RW

Ron Wilde

Alaska, United States

PG

Paul Graham

United States

John Minges

United States

Diego

Monza, Italy

Lily

Australia

Craig Newmark

United States

The Zinc Team

San Francisco, United States

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  • Luke    Jan 21, 2017

    I have contacted her and she has promised to send the remaining amount in the course of the week.

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  • Luke    Sep 30, 2016

    Monica please can you continue repaying your loan and please you can contact me that we can arrange for an installment that is favorable for you.

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  • Monicah    Aug 18, 2016

    My business is growing gradually courtesy of zidisha loan.I remain faithful to zidisha microfinance as I repay my loan comfortably from the profit I get from my small business.Thanks to Zidisha team for enabling us have their loans on a friendly rates.God bless zidisha,Long live zidisha team

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  • Monicah    Jul 29, 2016

    My business is doing marvelous courtesy of Zidisha loan.Now I can get some profit and re-stock more goods unlike previously.God bless Zidisha Organization for your kind and generous support.Love you all.

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  • Monicah    Apr 30, 2016

    Kindly allow me to send my loan payments downwards for the nest few weeks.The business is slow right now and I need to retrain my customers as well as pay my loan on time.Kind regards,
    Monicah.

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  • Monicah    Apr 4, 2016

    I humble myself in congratulating all lenders who made my loan funding successful.i greet you and be blessed as I look forward in expanding my shop.God bless you abundantly.

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    • Roy    Apr 4, 2016

      Thank you Monicah.
      It may be a cultural thing, or my strange us of words, but I am not sure you need to be humble to do this... :-) Never the less, I thank you for your good wishes.
      Best Regards.

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  • Monicah    Mar 26, 2016

    Zidisha Microfinance is my household name. You have really done what other microfinance cannot do in a year, and you did it with my first loan. Congratulations to all for supporting my shop. The profit I got enabled me to service my loan entirely without any problem. Thank you for being with me and accepting my loan proposal. God bless you all.

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  • Roy    Dec 10, 2015

    How are you Monicah?

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    • Monicah    Jan 20, 2016

      I am good, Roy. I apologize for the late reply. I was out of Internet reach and so I couldn't access my account since I was in my rural home for a family gathering. My business also is doing fine and my family, too. How are you doing today?

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      • Roy    Jan 20, 2016

        That's quite alright....I understand it is not always easy to do the things we would like to do.
        You had not been in touch for some time, so I was concerned.
        I am pleased things are fine for you.
        Regards,

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  • Roy    Oct 29, 2015

    How are you Monicah?

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    • Monicah    Oct 30, 2015

      Hi Roy,
      I am good back here in Kenya.Hope you are fine also.Thank you

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      • Roy    Oct 30, 2015

        I am well thank you..... I was wondering because, I have not heard from you since you started falling behind on your payment schedule....This is usually a sign that a borrower is having troubles....That is to say not fine.

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        • Monicah    Oct 30, 2015

          Sorry for the lateness in my payments.I had an emergency phone call from my parents,which made me to travel out of town,thus the rural area had no cybercafe nor an M-pesa services.though I am back now and also I have just sent my two weeks payments today.Kindly forgive me for the first mistake promising you that it will never happen again.
          Thank you Roy for the concern and making an effort to communicate to you.God bless you

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          • Roy    Oct 30, 2015

            You're welcome...We know things happen. We want to work with you on it....I hope you were able to do what was necessary.
            Best wishes,

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  • Monicah    Sep 20, 2015

    Kindly allow me to pay this week some 100 shillings.I will change my payments from my next installment.This was caused by the stock purchase which rendered me financially low.Kindly receive my plea.Good day

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  • Monicah    Aug 15, 2015

    Dear all my worthy lenders.I received your loan and invested it fully in my business.I have already bought the fast moving goods for my customers and I am prospecting a good sales soon,since most of the customers have noticed the change in my shop,by the good display of goods and abit reduction in prices.Thank you all

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