Bookshop

Emmaculate

Bungoma, Kenya

100% repaid

Entrepreneur

Name

Emmaculate

Member since

November 2017

On-time repayments

49 installments  •  47%

About Me

I was born on June 26th 1994 four as the first born in a family of 4, I grew up well. I started schooling in 1998 when I joined St Augustine Primary School , it was not easy with me since I had to cover 2km everyday morning and eving, the family could not peovid transport therefore I had just to walk. By the grace of God I was able to sit for my KCPE exam and I passed well, to join the high school was a bit difficult despite the good result, through hardworking and determination I was able to join high school though most of the time I was on road because of lack of fees. After high school I became a hawker just to earn my self a long and also save money for my higher level education, it was difficult but because is as determined despite city council arresting us most of the time I succeeded.

My Business

I have a bookshop that sales stationeries and offers computer services that includes typesetting and photocopying. These goods and services are of essential and therefore they are highly on demand due to the population within the area. Why I choose this type of business is that the area I come from had no any shop that could provide parents, and schools and learners with necessary learning materials and equipments and therefore I decided to take this great opportunity to offer goods and computer services to customers. My daily costs and revenue are estimated at USD 120 dollars per month. Mostly I make a profit of USD 10. Out of this 50% usually goes on food, rent and other basic needs, 20% on school fees and the remained I invest back into business.

Loan Proposal

Am going to use my loan to buy HB pencils since they cost $1 for one dozen and sell each at $0.25 since its examination period and this will give me $3 where i will use the profit and principle a mount to buy other 3 dozen hence growing my business greatly

Feedback

1

1

None

  • David    Jun 10, 2020

    Made a few payments early on, but has not been heard from since August 2018. In June 2020, I transferred the loan to the Zidisha Members Loan Fund.

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  • David    Mar 25, 2018

    The loan was paid right on schedule, as originally planned. The updates and photos are inspiring. Good luck in the future.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$57.00

Date disbursed

Nov 21, 2017

Repayment status

On Time

Projected term

2 months

Lenders

PG

Paul Graham

United States

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