Business expansion

Miriam

Nakuru, Kenya

70% repaid

Entrepreneur

Name

Miriam

Member since

November 2012

On-time repayments

122 installments  •  61%

About Me

My name is Miriam Muthoni Githambo I am a Kenyan citizen who lives in Mawanga Nakuru.I am married and I have two children. I have been doing different types of business since the year 2000, currently I am running a dairy shop combined with a minishop which I opened in January 2012 when I moved from Mwea and settled in Nakuru and its called Alpha milk center.
In my Dairy shop I sell fresh milk, sour milk and yogurt of which I sell an average of sixty liters per day. I also sell general commodies like sugar, bread, soap and other household items and food stuff. I would like to expand my business by adding another deep freezer since the one that I have is not enough. And I also want to add food stuff and commodities and that is why I want to apply or a loan in your organization.
I have been borrowing loans since I started this business. I have borrowed loan twice in an organization called FAULU KENYA, that is when I used to live in Mwea between 2007-2009.In this organization you borrow as a group. I managed to clear my loan without any default.
Finally, my business is doing well and is very active, but I want to add other stuff to expand it.

My Business

My business deals with people it’s a small business but i want to expand it sell quality goods like milk,sugar,salt ,rice beans,cooking oil, tissue paper bread,matchbox,soap,sweets,pampas,steel wool,medicine,col agate,ink.pencil.scratchcards,biscuits,eggs,tea leaves,sodas,among others. The demand is high because the place is highly populated and since I have quality goods customers love my shop they come n large number but I don't have all the products that they want. I also sell at a reasonable price I don. The business is profitable because i have a lot of customers since my goods are of good quality and standard. Risks are that I don't have a lot of goods that my customers want I have other competitors that sell similar goods like me. Sometimes i experience shortage of goods like milk during dry season. I do sell at around ksh25, 000 per month and i make a profit of 500 per day. But since I want to expand my business so that i can sell up to ksh 50,000 and make a profit of ksh1000 per day.

Loan Proposal

i had opened an M-pesa and i have experienced difficulties in operating it because the float i had was little, secondly there was a time i closed because i got sick and admitted in Nakuru general hospital where i closed my business for about a month and my safari com line was eventually closed. I have the desire to re-open the M-pesa because i had established the entrepreneurs and in fact customers keeps on asking and i feel so frustrated because i used much of any working capital when in hospital. Since now I am okey and my health is sound, I am trusting and believing myself that given the opportunity I am going to prosper.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$402.00

Date disbursed

Jan 16, 2015

Repayment status

Late

Projected term

16 months

Lenders

Zidisha

Sterling, United States

T

ThomasGermany

Wuppertal, Germany

bryancain

Toluca Lake, United States

O

Oktober

North Kingstown, United States

S

Saryan929

Somerville, United States

Echo

Wellington, New Zealand

U

UmSaeed

Southfield, United States

B

bruceturner1

Arlington, United States

D

Dionne

Pembroke, Bermuda

M

mwkelley2

Columbus, OH, United States

MPatino01

Somerville, United States

A

amnesiac

Adelaide, Australia

J

josemrus

León, Spain

D

Dave22202

Arlington VA, United States

yorick

Springfield, United States

Alina

Amsterdam, Netherlands

LendingFromGermany

Gießen, Germany

A

Aaron

Zurich, Switzerland

F

FuzzyHat

London, Canada

Z

zblongladder

Somerville, United States

C

Casaderanas

Adelaide, Australia

C

ctran

KY, United States

W

WellingtonPFClass

Columbus, Oh, United States

M

Mooper

Los Angeles, United States

J.Schindler

Heber, United States

Student

Oulu, Finland

D

djschin

Heber City, United States

worldcitizen

Kutztown, Pa, United States

C

cescotet

Needham, United States

D

Diane

Blue Hill, United States

RandyPetersen1

Colorado Springs, United States

R

Roxyclark

Heber City, United States

J

justincomish

Riverton, United States

D

DearbornJackson

Rockville, United States

H

hivervan

watou, Belgium

C

Christougher

Osaka, Japan

B

Bluejay

Magrath, Canada

OlyRhys

Olympia, United States

jennyams

Albany, United States

C

christina

Heber City, United States

L

landhalsema

Driebergen, Netherlands

foreverchanges

Krefeld, Germany

A

Aziza

Washington, United States

DT

Dru Tarr

Gloucester, United States

V

vshafor

Carlsbad, United States

ohlandtmann

Moorestown, United States

J

jerryq

Redding, United States

E

emtesenair

Charlotte, United States

T

Taiwan

San Gabriel, United States

C

cutebird2

Seattle, United States

U

UsefulDrivel

Fort Worth, United States

M

mtlfire

Montreal, Canada

J

jackieric

Folsom, CA, United States

M

moneypatch

Heber City, United States

Nhende

Portland, United States

L

lilbsedz

Raleigh, United States

C

Christina345

London, United Kingdom

T

Tui1974

nuenen, Netherlands

P

PatB.

Alameda, CA, United States

K

KHobbs

Austin, United States

R

Rearden

STAVANGER, Norway

Tania

Antwerpen, Belgium

P

PHU99

Zwingenberg, Germany

H

hetultel

Ahmedabad, India

HMS_5th_Grade

Honolulu, United States

O

ochunshoney

charlotte, United States

K

Kerrisdale

Guernsey, United Kingdom

F

Fowlster

Hackettstown, United States

1

1711mp

Brooklyn, United States

B

boronat

Brussels, Belgium

L

LenderTrender

Freeville, United States

D

dweiner

Madison, United States

P

pvranas

Boulder, United States

bb4dogs

United States

Grant Xavier Storer

Seattle, Wa, United States

KM

Kirsty M

United Kingdom

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