Name
Emmaculate
Member since
November 2017
On-time repayments
49 installments • 47%
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.
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.
Since it is back to school, am going to use my loan to buy exercise books 48, 96 and 120 pages and 8 packets of Biro pens. where by 48 pgs costs 26 dollars per carton, 96 pgs costs 26 dollars carton and 120 pgs costs 27 dollars and Biro pens costs 1.5 dollars per packet. This is going to help me expand my business business as the expected interest per carton is 7dollars and at the same time a carton the maximum period it can take to be sold is is todays. This is going to change my life as I will be able to take care of my Dougherty who is in middle class without financial challenges unlike other years by also paying her fees comfortably.
Positive
1
Neutral
1
Negative
None
Project Type
Classic Loan
Disbursed amount
$91.00
Date disbursed
Jan 12, 2018
Repayment status
On Time
Projected term
2 months
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Emmaculate Mar 28, 2018
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