65 installments • 49%
I am a 23 year old business lady.I have been farming since i was 12 years old,helping my mother to plough peoples farms at a fee.I worked as a maid from a young age,15 years,when i could not get school fees to go ahead and join secondary school.I come from a polygamous family,my father has four wives and his priority in our poor family was a few so i went to the city and worked in peoples homes earning about 20$ to 30$ a month sleeping in kitchens as i worked as a housemaid cum nanny.Sometimes i worked on the side ,washing bachelors clothes at a fee.I saved the money i earned through those years,sometimes not being paid and left for the rural area and used my savings to buy fresh potatoes and fry potato fries and sell them at a profit,making some average profits per day.Those profits enabled me to buy a small piece of land in Bungoma county which i am expanding as i continue to do business.
I got married 5 years ago to a wonderful man who does all he can to support me with the little he also earns and i have one baby boy, and now i plant and sell kale,cabbage,carrots and tomatoes.
I buy potatoes from the very fertile Mt Elgon area of our county,about 20 miles away,have them transported them by motorbike and peel them by hand,fry them and sell potato fries at the gate to Sang'alo Institute of Science and Technology.The students love the fries and this enabled me to open a store right at that gate of the institution and i have slowly stocked it with various items that the students need such as pens,books,a computer to edit research papers (i attended training in typing and editing and basic computer).I bought a hair shaving machine with my prior Zidisha loan and have been succesfuly running the barbershop in the partitioned room next to my food shop.I would like to buy a blowdrying machine to add to my barbershop and a computer to enhance my retail shop to cater more for the students needs.
I will buy two shaving machines for my shop at 10$ each,its a small shop but i want to rent more space using the new loan and place a young man in it to help me shave clients.I have a mirror i bought with the initial loan i was given by Zidisha so i will also buy wooden chairs to put in the barbershop as customers seats.Here to make four seats costs 20$.Then i will buy 3 basins and a water heater for washing clients hair.
The profit accrued from the above should help me to purchase a printer for my business as i already have purchased a c.p.u and halfway paid for a monitor.The business i boosted with my first Zidisha loan will boost the inventory of the barbershop and will be used to stock it with combs and a hair dryer and hair chemicals.I plan on employing at least one person in two month after i start the business.I plan to make a gross profit of around 5,000kshs (55$) every month if all goes well.
Jan 20, 2015
Cost to entrepreneur
Lender interest: $100.16 at 4.96% annual rate over 10 months = $4.18
Service fee: $3.11