Boosting/restocking my business of selling towels

John Ngugi

Kahawa West, Kenya

20% repaid

Entrepreneur

Name

John Ngugi

Location

Kahawa West, Kenya

On-time repayments

296 weekly installments  •  90%

About Me

I reside in Nairobi, Kenya. I run a small, informal business which provides me with an income to cater for my family's day to day needs. I got into business when I was laid of from work. Sourcing for capital was a major problem especially for 'small' people like me i.e in terms of ability to source for securities for loans. Luckily, Zidisha Inc came along and it has been a major help. It has continually assisted me with money to boost my business. Many thanks to Zidisha and my kind lenders.
Of late, I have entered into environmental conservation by planting tree seedlings and giving them out or selling to community groups for planting and conducting public education on the need for it. This I do during my free time.

My Business

My business is located at Kahawa Estate, Nairobi, which is a large residential and business estate. I sell domestic towels namely- face, kitchen, dish clothes, for saloon, bathing and for general purpose. I choose this kind of business since the many people around me will be in need of the kind of products that I sell. I have a small stall from where I display and sell my ware(s) from. This is usually in the afternoons when people are going back to their houses or moving from their business/work. In the mornings, I usually deliver supplies to my customers or display/hawk my stuff in areas outside my locality. Since I display my wares in the open, I only do so for a small part of the stock. I buy enough that I know I will manage to dispose off in the shortest time possible to avoid dust/dirt. The past three months have been rather low in sales as circulation of money has been limited as it has been a dry season. Short rains have started and Kenya being an agricultural country, money generally follows the rains. We are also getting into the holiday season and demand for my products will rise hence sales will be high.
Through my business, I have managed to pay for the upkeep of my family and meet my/our daily financial needs. I have also managed get some capital to venture into tree planting, which is a worthwhile activity towards environmental conservation.
Zidisha has generously assisted me, and I have managed to expand my business and reach more customers.

Loan Proposal

I deal with the sale of household items, usually towels for cleaning, bathing and catering. As we enter the holiday season I need to restock and boost my business.
My budget for the process is KSh 122, 000(roughly $ 1200 of which I have a deficit of KSh 62 000 ($620)
100 Bathing towels @ Ksh 500=KSh 50000
50 Baby towels @KSh 500=KSh 25000
100 dish clothes @KSh 100=KSh 10000
50 Face clothes dozen units @KSh 600=KSh 30000
100 Bathing scrappers @KSh 70= KSh 7000
Total KSh 122 000 (roughly $1 220)
I have KSh 60 000 ($600)
Deficit is KSh 62000 ($620)

Feedback

6

None

None

  • BernadetteV    Mar 21, 2021

    I appreciate, John, that you are making repayments of your loan. All the best to you

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  • BernadetteV    Nov 5, 2018

    John is serious with repaying his loans and it’s always a pleasure to support him and his projects.
    Wishing him all the best.

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  • BernadetteV    Apr 5, 2016

    Once again it has been a pleasure to lend to John. All repayments were on time and the loan was repaid just as he had promised. It was nice to get his updates and to hear that his business was doing well therefore providing income for his family. All the very best to you, John.

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    • John Ngugi    Sep 26, 2016

      Hi Bernadette. I hope you are doing well. I am fine carrying out my business here in Kenya. Wish you all the best.

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  • andyfletcher    Jun 22, 2015

    Repaid on time.

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  • BernadetteV    Jun 22, 2015

    This is the third time that I have lent to John. All his loans have been paid on time. It's been a pleasure to lent to him and I'll be supporting his next project.

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    • John Ngugi    Sep 17, 2015

      Thank you for your support.

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    • John Ngugi    Oct 22, 2015

      Good morning Madam! Thank you very much for your kindness both in kind and in word. You are an inspiration! Best.

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  • BernadetteV    Feb 16, 2015

    Thank you John for repaying your loan on time. I'm very happy that the loan has helped your business. I'd be happy to support you again in the future.

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    • John Ngugi    Jan 3, 2016

      Have a happy and prosperous new year, 2016.

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      • John Ngugi    Oct 28, 2016

        Hi Bernadette, hope you are doing well. The same with me over here. Business is going on well. Have a good weekend.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$577.03

Date disbursed

Nov 22, 2018

Repayment status

Late

Projected term

30 months

Cost to entrepreneur

Service fee: 5% of $577.03 = $25.93

Credit risk payment: $129.70

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