269 installments • 89%
My name is Judith Chidzugwe. I live with my family in Mtwapa. I am married with 2 children who are all boys and they are all grown ups. My last born son has just graduated with a Master's of Science, Geosciences at the Georgia State University, Atlanta, USA. Due to the Corona virus, he received his Master's Certificate by mail.
I was born in a family of four, two brothers and two sisters. My parents died a long time ago. My sister died in 2015 so I have two brothers, one of whom has settled in Nairobi and the other one is Mombasa. They too, have their own children who are trying to settle down. We visit one another very often to keep the family bond.
I like making new friends, listening to inspirational music and watching movies.I love gospel music and I also like singing. I also like praying and fasting so much because I believe in prayers that move mountains. When you believe in God, there is nothing that is impossible. Just trust in Him and all will be well.
I am still doing my business of selling bedsheets from Mombasa town to Malindi town and upto Lamu town where I have gotten some customers. I am buying in bales and then sell at retail prices. One bale goes for Kshs.30,000/= (US $300) and sale at retail prices of Kshs.2,500/= (US $25) per pair of two bedsheets and 4 pillowcases In one bale, there are 20 sets of bedsheets which when all are sold, a total amount of Kshs..50,000/= (US $500) is raised. I make a profit of Kshs.20,000/= (US $200) within two weeks of selling. I am now planning to buy three bales and sell them within two weeks. Three bales will cost me Kshs.90,000/= (US $ 900) which after being sold, a total amount of Kshs.150,000/= (US $ 1500) will be raised. Out of this amount, Kshs.60,000/= (US.600) is my profit, and the rest is pumped back in the business. In a month, I will be able e to raise a profit of Kshs.120,000/= (US $1200) which will enable me to pay my bills, cater for other necessities and most importantly, service the Zidisha loan. This business has improved my standard of living . Am doing it from home.
I am and will be able to pay my loan in good time. Zidisha has always been there for me and I still believe, lenders will be able to support me. Long live Zidisha.
My loan proposal for purchase of bedsheets and pillow cases, wall papers, curtains, flowers and flower vases is as follows The loan will be utilized as follows:
No. Item Quantity Rate US $ Amt– Kshs. US $
1. Bedsheets and pillow cases 2 Bales 30,000/= 300 60,000/= 600
2. Wall papers 10 Rolls 1,500/= 15 15,000/= 150
3 Curtains 2 Rolls 18,000/= 180 36,000/= 360
4. Flowers and flower vases 10 25,000/= 250
TOTAL 136,000/= 1,360
Nov 26, 2018
Cost to entrepreneur
Service fee: $43.87
Credit risk payment: $263.22